Gurugram-based restaurant table reservation startup EazyDiner has raised Rs 40 crore in a new funding round led by DMI Alternative Investment Fund – The Sparkle Fund.
Founded in 2014 by Kapil Chopra and a team of restaurateurs and hoteliers, The startup helps users discover restaurants and bars, book guaranteed reservations, and make bill payments using PayEazy on its app.
“Our philosophy at EazyDiner is centred around customer delight built on frugal innovation. EazyDiner is a journey of service excellence-led business that has been growing exponentially. The latest funding round will accelerate the company’s growth and scale its operations to new markets across India,” said Kapil Chopra.
According to the startup, the services can be used at over 12,000 restaurants in India and Dubai. Notably, It has partnered with 15 leading banks, including Axis, ICICI and Kotak Mahindra Bank, thereby saving customers close to 40% to 50% instantly on every meal, it said.
EazyDiner also said it works closely with giant hotel chains, including ITC Hotels, Radisson Hotels JW Marriott, Four Seasons, St. Regis, Trident, and restaurants like Indian Accent, Olive, Mamagoto, and Barbeque Nation.
EazyDiner already powers reservations in over 700 restaurants across Dubai and Abu Dhabi and has recently launched its payment product “PayEazy” in the Middle East, said the company.
“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
EazyDiner counts DSG Consumer Partners, Saama Capital, Beenext, and Denlow Investment Trust, as its existing backers.