Yellow Tie Hospitality is operating more than 10 brands under exclusive licensing agreements for Genuine Broaster Chicken, UK’s Wrapchic and Just Falafel from Dubai.
Al-Habtoor has offered to make the investment through the FDI route and pay the entire debt of the lender institutions that could amount to about USD 600 million.
With this acquisition, Dineout will expand its services and strengthen its position as a full stack technology service provider in the restaurant domain.
The company has 100% stake in microdelivery startups Morning Cart and RainCan (Bloomskart Retail Private Limited) and controlling stake in Savis Retail.