Dineout Acquires Torqus
Dineout, India’s largest Dining Out Platform, today announced the acquisition of Pune-based Torqus, a leading SaaS based restaurant management software provider, further strengthening its position as a full stack technology service provider in the online restaurant-booking space.
The acquisition of Torqus, will further enhance Dineout’s bouquet of services to the restaurant industry and along with inResto, a one-stop CRM platform for Recognising, Personalising and Re-engaging Diners, will provide an end-to-end tech solution for the Restaurant industry as a whole covering a wide range of use cases.
Announcing the acquisition of Torqus, Mr. Ankit Mehrotra,Co-Founder & Business Head, Dineout said: “The food industry is thriving with innovations and we are excited to announce the acquisition of Torqus thus effectively making Dineout a full-stack technology service provider to the restaurant Industry. While most of the innovations have been taking place in the aggregation and delivery space, Dineout and Torqus, combined, will enable us to tap in the immense possibilities in the restaurant market. The wide range of SaaS products offered by Torqus and the wide reach of Dineout will certainly redefine the restaurant market in India.”
The platform consisting of Dineout, Dineout Pay, Gourmet Passport, Torqus and inResto will become the largest platform in India offering B2C and B2B services to the restaurant industry with a combined client base of nearly 10,000 restaurants across 70+ cities in India.
In all, this is Dineout’s third acquisition and second this year after Gourmet Passport. Dineout has first acquired Inresto in 2015. On the acquisition, Co- Founder and CEO of Torqus, Tanmay Ratnaparkhe said, “Torqus is already the most comprehensive SaaS based restaurant management software platform in the industry. We are excited to join Dineout as together we can deliver the best end to end experience to Restaurateurs - from generating new business to managing backend operations”.
He further added “Today, nobody else can claim to map the entire end customer spectrum as intricately as we can do now. The entire team of Torqus will join Dineout post acquisition where it will run as an independent business. The additional resources will assist us in ensuring innovation and client deliverables are achieved at a much higher pace.”
Torqus’ key products are around Point Of Sale (POS), Head Office and Supply Chain Management. POS software takes extensive care of all the functionalities of a restaurant outlet, ranging from steward management to dynamic menu while Head Office accumulates customer data, manages and tracks delivery stages, aggressive SMS marketing, as well as manoeuvre data from a single access point. Its Supply Chain Management enables efficient management of the restaurant chain inventory by strategically co-ordinating all the business function, ranging from procurement and manufacturing to sale estimation and invoicing.
Launched as a POS service provider in 2013 by Tanmay Ratnaparkhe and Suneet Kulkarni, Torqus is now being used in more than 3500 outlets across 70+ cities in five countries. Torqus offers a cloud based SaaS platform for the restaurant business. Its all-inclusive cloud based restaurant software system helps restaurateurs manages all their back end activities, ranging from procurement to billing to taking feedbacks from end customers post the meal. Torqus boasts a client lists that includes Freshmenu, Theobroma, The Bowl Company, Curefit, Coffee by Di Bella, Swensen's, Barshala, Baker’s Basket, Malaka Spice, InnerChef and many more.