Restaurant Franchise Opportunities

funding Jan, 27 2014

Dineout to raise funding

Apart from restaurant booking, the site offers restaurant listing and user reviews.

By Franchise India Bureau
Dineout to raise funding

Dineout Services Pvt Ltd, a Delhi-based company that operates Dineout, an online restaurant reservation site, is in talks with an institutional investor in India to raise Series A funding.

Vivek Kapoor, Co-Founder and Director, Dineout, said, “The talks are already in advanced stages, and we hope to close the deal by April-May this year.”

Dineout, which is currently present in Mumbai and Delhi, is also planning to expand its operations to Bangalore, Kolkata, Chennai, Pune and Hyderabad. The firm has partnered with more than 450 restaurants and claims to be doing on an average 20,000 bookings per month (Mumbai and Delhi combined).

The online portal has also partnered with players like Timescity and Buzzintown, as a part of which all restaurant reservations on these sites will be powered by Dineout.

Related: GourmetItup raises USD 300,000 from angel investors

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