EazyDinner raised ₹40 crore from DMI Alternative Investment Fund.- The company currently has 12,000 restaurants on board in India and Dubai.
- The company will use the new funding to expand its reach in India and the Middle East.
Online table booking and payment platform EazyDiner said it has raised ₹40 crore in a new funding round from DMI Alternative Investment Fund – The Sparkle Fund.
Founded by Kapil Chopra and a group of restaurateurs and hoteliers in 2014, EazyDiner allows users to discover restaurants, reserve a table, and even pay for the food using the company’s PayEazy service.
“With the latest round of funding, EazyDiner is well positioned to grow exponentially and add new features to make it even more rewarding for consumers and restaurant partners to dine out at great restaurants,” said Kapil Chopra, founder and CEO of EazyDiner.
EazyDiner, which reportedly has over 3 million users, has claimed that it serves more customers than any other app. The company competes with Zomato, which offers dining benefits as part of its Gold subscription, and Dineout, which was acquired by Swiggy in 2022.
Funding to accelerate growth and expand reach
The company partners with more than 12,000 restaurants across India and Dubai. With the latest funding round, it aims to accelerate growth and expand its reach. Of the 12,000 restaurants, 700 are spread across Dubai and Abu Dhabi. “The latest round of funding will accelerate the company’s growth and expand its business into new markets in cities across India,” Chopra added.
The company currently offers table reservations and payments in 30 cities and aims to increase this by more than three times and cover 100 cities by the end of 2023.
EazyDiner had also launched a co-branded credit card along with IndusInd Bank in 2022. The card offers users EazyDiner Prime membership and a discount of up to 50% at 2,000 restaurants.
“We are excited to partner with the EazyDiner team as they scale their business in India and internationally. The Sparkle Fund is always looking for companies that have a vision to innovate in the financial services ecosystem and with EazyDiner, the future of dining out looks very promising,” said Shivashish Chatterjee, co-founder of DMI Finance.
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