EazyDiner raises from DMI Sparkle Fund
EazyDiner, a restaurant table reservation, food discovery, and payment platform, has raised Rs 40 crore in a new funding round led by Dmi Sparkle Fund. The funding will allow the company to expand its operations into new markets in India. The booking platform currently operates in over 30 cities and plans to expand to 100 by the end of the year.
Founder Kapil Chopra stated that while customers save 40-50 percent through discounts every time they use the platform while dining out, their biggest moat remains their customer service. “We have always focused on building a sustainable ecosystem with our restaurant and banking partners in order to provide the best value to diners.” At EazyDiner, our philosophy is based on providing value to our customer.
Chopra and a team of experienced restaurateurs and hoteliers founded EazyDiner to help customers discover great restaurants and bars, book guaranteed reservations in seconds, and make payments using PayEazy on the app. The platform, which is supported by DSG Consumer Partners, Saama Capital, Beenext, and Denlow Investment Trust, is available at over 12,000 restaurants in India and Dubai. It has 15 bank partners, including Axis, ICICI, and Kotak Mahindra Bank.
EazyDiner
EazyDiner, one of India’s few profitable internet companies, has over 3 million users and has grown 5 times in terms of diners and 18 times in terms of restaurant bill payments on the app by 2022.
ITC Hotels, JW Marriott, St. Regis, Ritz Carlton, Four Seasons, Hilton Hotels, Radisson Hotels, Trident Hotels, InterContinental Hotels, Indian Accent, Olive, Mamagoto, Masala Library, Whisky Samba, Lord of the Drinks, and Barbeque Nation are among the hotel chains and restaurants that collaborate with EazyDiner.
“The Sparkle Fund is always on the lookout for companies that have a vision to innovate in the financial services ecosystem, and with EazyDiner, the future of eating out looks promising,” said Shivashish Chatterjee, co-founder of DMI Finance.
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