EazyDiner raises Rs 40 crore in fresh funding from DMI Alternative Investment Fund
DMI Alternative Investment Fund contributed Rs 40 crore to EazyDiner, a platform for restaurant table reservations, cuisine discovery, and payments. The company's founder and CEO, Kapil Chopra, stated in a statement that the new fundraising round will allow it to expand its footprint throughout India and the Middle East and accelerate growth.
Chopra continued, "With the most recent funding round, EazyDiner is well-positioned to grow tremendously and offer new features to make it even more profitable for customers and restaurant partners to promote eating out at excellent restaurants.
Founded in 2014 by Chopra, Manish Kutaula, Rohit Dasgupta, Sachin Pabreja, and Vir Sanghvi, 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 thrilled to collaborate with the EazyDiner team as they expand their operations both domestically and abroad. According to Shivashish Chatterjee, co-founder of DMI Finance, "The Sparkle Fund is always on the search for businesses that have the vision to innovate in the financial services ecosystem, and with EazyDiner, the future of dining out seems exciting."
Leading investors DSG Consumer Partners, Saama Capital, Beenext, and Denlow Investment Trust all support the business. EazyDiner further stated that all employees are considered stakeholders in the company and are covered by its ESOP scheme. The crew, from the CEO to the office maintenance and upkeep employees, has been driven to major financial ownership in the business, according to the statement.
Chopra continued, "With the most recent funding round, EazyDiner is well-positioned to grow tremendously and offer new features to make it even more profitable for customers and restaurant partners to promote eating out at excellent restaurants.
Founded in 2014 by Chopra, Manish Kutaula, Rohit Dasgupta, Sachin Pabreja, and Vir Sanghvi, 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 thrilled to collaborate with the EazyDiner team as they expand their operations both domestically and abroad. According to Shivashish Chatterjee, co-founder of DMI Finance, "The Sparkle Fund is always on the search for businesses that have the vision to innovate in the financial services ecosystem, and with EazyDiner, the future of dining out seems exciting."
Leading investors DSG Consumer Partners, Saama Capital, Beenext, and Denlow Investment Trust all support the business. EazyDiner further stated that all employees are considered stakeholders in the company and are covered by its ESOP scheme. The crew, from the CEO to the office maintenance and upkeep employees, has been driven to major financial ownership in the business, according to the statement.
.jpg "Aquapulse : Pioneering Global Leadership in Seafood Exports Through Market Intelligence & Post Harvest Innovation")
.jpg "10 Dimensions Design : Pioneering Technology Integration in the Construction Industry")
