EazyDiner raises Rs 40 crore from DMI Sparkle Fund in fresh funding round

Restaurant desk reservation, meals discovery and cost platform, EazyDiner has raised Rs 40 crore in a recent funding spherical from DMI Sparkle Fund. The funding will assist the corporate scale up its operations throughout new markets in India. The reserving platform operates in over 30 cities at the moment and goals to scale as much as 100 by finish of the 12 months. 

Founder Kapil Chopra mentioned that though prospects save 40-50 per cent by means of reductions each time they use the platform whereas consuming out, it’s their customer support that is still their largest moat. “Now we have at all times targeted on making a sustainable ecosystem with our restaurant and banking companions, offering one of the best worth to diners. Our philosophy at EazyDiner is centered round buyer delight constructed on frugal innovation. EazyDiner is a journey of a service excellence led enterprise which has been rising exponentially,” he mentioned. 

EazyDiner was based by Chopra, together with a crew of skilled restaurateurs and hoteliers to assist prospects uncover nice eating places and bars, guide assured reservations inside seconds, and make funds utilizing PayEazy on the app. The platform, backed by DSG Shopper Companions, Saama Capital, Beenext, and Denlow Funding Belief, may be accessed and used at over 12,000 eating places in India and Dubai. It has partnered with 15 banks together with Axis, ICICI and Kotak Mahindra Financial institution.

One of many few worthwhile web firms in India, EazyDiner has over 3 million customers, and grew 5 instances by way of diners and over 18 instances by way of funds of restaurant payments on the app in 2022.

A number of the resort chains and eating places that work with EazyDiner embrace ITC Lodges, JW Marriott, St. Regis, Ritz Carlton, 4 Seasons, Hilton Lodges, Radisson Lodges, Trident Lodges, InterContinental Lodges, Indian Accent, Olive, Mamagoto, Masala Library, Whisky Samba, Lord of the Drinks, and Barbeque Nation.

Shivashish Chatterjee, co-founder of DMI Finance mentioned, “The Sparkle Fund is at all times looking out for firms which have a imaginative and prescient to innovate within the monetary providers ecosystem and with EazyDiner, the way forward for consuming out seems to be promising.”

EazyDiner has an ESOP plan relevant throughout stakeholders and staff within the enterprise. The present funding has enabled the crew – from the ranks of the CEO to the upkeep workers – to a big possession within the enterprise. 

“With the most recent funding spherical, EazyDiner is well-positioned to develop exponentially and add new options to make it much more rewarding for customers and restaurant companions to encourage consuming out at nice eating places,” mentioned Chopra.

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