Dineout, online table reservation startup has acquired inResto, a restaurant management provider for amount undisclosed. inResto team would soon be joining the Dineout as part of the acquisition deal.
Founded by two top university graduates Vijayan Parthasarathy and Vamsi Yalamanchili, inResto offers solutions for an efficient and dependable system for making reservations and managing your wait lists. The startup’s cloud-based plug-and-play restaurant management solution also helps to manage home delivery, takeaways, customer feedback, mobile payments and loyalty programs. In the time frame of six months post its launch, it has served more than 1 million restaurant diners in Bangalore, Mumbai and Delhi.
Founded in 2012, Dineout which is now a part of Times Internet Ltd, has a listing of more than 20,000 restaurants and operates in seven Indian cities. The company also raised an undisclosed amount in funding in the early months last year. Rebranded as inResto by Dinout, it would be able to offer end-to-end management for any restaurant business and would serve as one platform to manage different restaurant functions.
“With this acquisition, we will enable them with a one-stop solution to the challenges of getting to know their customers better, easing the process of table management, attending to feedback, marketing special offers and a cloud based CRM platform that is very easy to manage,” said Ankit Mehrotra, co-founder of Dineout.
With regard to expansion, the company is not very keen about expanding but rather work on consolidating the existing eight cities. However, it says that it has future plans to expand into one or two additional cities. inResto operates in Singapore as well apart from the Indian cities.
Food tech companies are one the fastest growing area in the market with new services being added on every now and then. The opportunities and potential are quite vast here and startup are able to tap it. Deepinder Goyal, founder of Zomato has recently introduced services to reserve a table, request cabs, order online and make payments on its app.