EazyDiner, a service that allows users to reserve tables at eateries and make payments as well as discover new culinary options, has secured Rs 40 crore in funding from DMI Alternative Investment Fund. This recent round of investment is expected to boost the company’s growth. Kapil Chopra, the founder of EazyDiner, declared that this funding will support the firm in developing & expanding its presence not just in India but also in the Middle-East.
EazyDiner, which was founded in 2014 by Chopra, allows users to discover restaurants and bars, book reservations, and make payments via its PayEazy feature on the app. The company claims to have over 3 million users and powers reservations in more than 700 restaurants in Dubai and Abu Dhabi. It recently launched PayEazy in the Middle East.
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EazyDiner works closely with hotels such as ITC Hotels, JW Marriott, St. Regis, Ritz Carlton, Four Seasons, Hilton Hotels, Radisson Hotels, Trident Hotels, InterContinental Hotels, and renowned restaurants like Indian Accent, Olive, Mamagoto, Masala Library, Whisky Samba, Lord of the Drinks, and Barbeque Nation to attract premium consumers to their restaurants.
EazyDiner has been rapidly expanding and is now available in over 30 cities. They’re on track to extending their reach to 100 cities by the end of 2021, with over 12,000 restaurants already listed from India & Dubai. Additionally, they enable customers to make instant bookings & payments for their chosen restaurants in a hassle-free manner.
Shivashish Chatterjee, co-founder of DMI Finance, is excited for the opportunity to collaborate with EazyDiner as they expand their operations in India and beyond its borders. The Sparkle Fund is always on the lookout for innovative businesses in the financial services industry and believes that EazyDiner has a bright future in the food sector.
EazyDiner has decided to offer ESOP plans to all its employees, from the CEO down to the office staff. This investment round has resulted in great financial ownership for each member of their team.
The latest funding round for EazyDiner is likely to spur rapid development and introduce additional features that are beneficial for both restaurant partners & customers. With these changes, the platform will be more rewarding to use than ever before.