Company Profile is an initiative by ListMyStartUp to publish verified information on different startups and organizations. The content in this post has been approved by the organization, Dineout.
We all love good food and not only to survive! It doesn't matter whether it is traditional or international. But due to the hustle and bustle all around, people aren't able to go to the spot and book their seats. Or the tables were already booked when you get the restaurant and you don't get a fair chance to sit and eat. These leaves most of us to settle for else and just get the same old takeout you always opt for. But not anymore.
Because, Dineout is here - your new go-to restaurant table reservation service company. It helps its customers find tables in their favourite restaurants and enables users to get exciting offers along with it. Read the Dineout success story below and find out the unknown details such as the story of the founders of Dineout's, Dineout's business model, revenue, competitors and much more.
Dineout - Company Highlights
- Startup Name-Dineout
- Headquarters-Noida, Uttar Pradesh, India
- Sector-E-commerce, Food & Beverage
- Founders-Ankit Mehrotra, Vivek Kapoor, Sahil Jain and Nikhil Bakshi
- Founded-February 2012
- Parent Organization-Times Internet Limited
Dineout - About
Dineout enables its customers to book tables online without having to physically go to the spot. It is a restaurant technology company based in India. The service is available in more than 20 cities in India and is looking to expand.
Dineout - Startup Story
In the year 2010, Ankit Mehrotra was in London and his school friend Sahil Jain was in the US. They often came together to India. Every time they visited they had the same question.
"Where do we go out tonight?"
Asking their family members or friends never turned out to be fruitful. Because they always suggested the same places. After going back to London and the U.S. they found their regular jobs to be boring. They thought of solving the restaurant discovery problem. In February 2011 Sahil left his job and came back to Delhi. Ankit followed a few months later. They convinced two of their other school friends - Vivek Kapoor and Nikhil Bakshi to join the startup later. In September Dineout got registered as an online table reservation platform. Things weren't easy for the four school friends. In its early days, they faced 20 rejections. The first restaurant partner of the company was Ruby Tuesday. Google Ads helped the company get a lot for recognition in the initial days. On February 29th 2012, the company went live with 75 restaurants in Delhi.
Dineout - Founders And Team
Ankit Mehrotra, Vivek Kapoor, Nikhil Bakshi and Sahil Jain are the founders of the company Dineout.
Ankit Mehrotra is the founder and the CEO of Dineout. He started here in early 2012. He started his career as an analyst at BNP Paribas. He pursued his bachelor's degree in Computers and Telecommunications Engineering in the year 2011. After that, he completed his education from the CFA Institute.
Vivek Kapoor is the co-founder of Dineout. Before, he was the chief officer at British Petroleum. He completed his schooling from Modern School in the year 2002.
Nikhil Bakshi is also the co-founder of Dineout. Before, he was the manager of DSP BlackRock Mutual Fund. He pursued his B.Com degree from Delhi University.
Sahil Jain is one of the founders of Dineout. He started his career as a Software Engineer in Sasken Communication Technologies Ltd. Also, he was the Senior Business Analyst and Associate Manager at Mu Sigma. For 9 months, he was the Senior Market Analyst at Nextag.
Nikhil Bakshi, Ankit Mehrotra, Sahil Jain and Vivek Kapoor (left to right) Founders, Dineout
Dineout - Business Model
The Dineout business model is rather simple. The company offers its customers many B2B and B2C services. The aim of the company is to serve its consumers by helping them book tables in hotels and restaurants. It has made deals with pubs and restaurants to help customers find the best offers. They give discounts for their promotion and also whenever there is an increase in downloads.
Dineout - Revenue Model
The company charges an annual subscription price from the restaurant partners. As well as from the consumers. It also makes money on every transaction done through the platform. But it varies as per restaurants and cities.
Dineout - Funding, Investors And Acquisitions
The company has made only one investment. Dineout has invested money on Adurcup on September 14, 2015. The money raised is an undisclosed amount. Money was raised from the Angel Round.
Dineout has acquired 2 organisations. The most recent acquisition was Binge Digital. The announced date was on August 9th 2019. The price is an undisclosed amount. The company also acquired Torqus Systems on November 28, 2018.
Dineout - Growth
The company showed a sustainable growth of 154% in the year 2019. The average number of diners before 2019 it was 8 lakhs per month. But in the year 2019, after the GIRF, the number of diners jumped to over 16 lakhs per month.
Dineout - Competitors
The top Dineout competitors are EazyDiner, Zomato, HungryNaki to name a few.
EazyDiner is the topmost rival of Dineout. It was founded in the year 2014. It is headquartered in Gurgaon, Haryana. The company also operates in the Application Software space.
Zomato is an Indian restaurant aggregator and food delivery startup. It was founded by Pankaj Chaddah and Deepinder Goyal in the year 2008.
HungryNaki is an online food delivery service in Bangladesh. It is the first and premium one among all the others.
Dineout - Future Plans
The company started expanding into international markets. Across Asia, Africa, UAE, Bahrain, Kuwait, Kenya, Saudi Arabia and East Africa. Dineout is also spreading its wings towards Tier 2 and Tier 3 cities in India. This change will be taking place because the brands will soon open up outlets in the Tier 2 cities.`
Frequently Asked Questions - FAQs
What is Dineout app?
Dineout is a restaurant table reservation service company founded in 2012 based in New Delhi, India.
Who is the owner of Dineout?
Dineout was founded by Ankit Mehrotra, Nikhil Bakshi, Sahil Jain and Vivek Kapoor in 2012.
What is Dineout net worth?
Dineout is processes more than 100 Million diners and $800 Million worth of transactions across its network of 50,000 partner restaurants in 20 cities. The exact networth of Dineout is unknown.
When was Dineout founded?
Dineout was founded in 2011 and the site went live in 2012.