EazyDiner raises Rs 40 crore in fresh funding from DMI Alternative Investment Fund

EazyDiner, a restaurant table reservation, food discovery, and payment platform, said it raised Rs 40 crore in a fresh round of funding from DMI Alternative Investment Fund.

Kapil Chopra, founder of EazyDiner, in a statement, said that the new funding round will enable the company to accelerate growth and expand its reach across India and the Middle East.

“With the latest funding round, EazyDiner is well-positioned to grow exponentially and add new features to make it even more rewarding for consumers and restaurant partners to encourage eating out at great restaurants,” added Chopra.

Founded in 2014 by Chopra, EazyDiner helps users discover restaurants and bars, book guaranteed reservations, and make payments using PayEazy when paying their bills on the EazyDiner app.

The company claimed that it has about 3 million users and powers reservations in over 700 restaurants across Dubai and Abu Dhabi and has recently launched its payment product 'PayEazy' in the Middle East.

Hotel chains including ITC Hotels, JW Marriott, St. Regis, Ritz Carlton, Four Seasons, Hilton Hotels, Radisson Hotels, Trident Hotels, InterContinental Hotels, and award-winning restaurants like Indian Accent, Olive, Mamagoto, Masala Library, Whisky Samba, Lord of the Drinks and Barbeque Nation, all work closely with EazyDiner to get premium consumers to their restaurants, added the company.

According to EazyDiner, it currently operates in over 30 cities and, by the end of the year, will enable instant restaurant reservations and payment across 100 cities. The platform has over 12,000 restaurants in India and Dubai, it said.

“We are excited to partner with the EazyDiner team as they scale their business pan India and internationally. The Sparkle Fund is always on the lookout for companies that have the vision to innovate in the financial services ecosystem and with EazyDiner, the future of eating out looks promising,” says Shivashish Chatterjee, co-founder of DMI Finance.

The company is also backed by leading investors DSG Consumer Partners, Saama Capital, Beenext and Denlow Investment Trust.

Also Read: EazyDiner raises $4.6 million in Series B funding from new and existing investors

EazyDiner also said that its ESOP plan applies to all employees as stakeholders in the business. “This current funding round has propelled the team, right from the CEO to the office upkeep and maintenance staff to significant financial ownership in the business,” it said in the statement.