Funding
Restaurant Discovery Platform EazyDiner Raises $ 4.6 Million
EazyDiner, the restaurant discovery and reservation startup, has raised $ 4.6 million in a Series B funding round from new and existing investors. Singapore based early stage venture capital firm Beenext along with an undisclosed family office from the Middle East are the new investors in the startup. Apart from existing investors DSG Consumer Partners and Saama Capital, EazyDiner is also backed by Indian cricketer Yuvraj Singh. A news daily reported, the company will be valued at Rs. 250 crores before the investment.
Speaking about the investment, CEO of EazyDiner Rohit Dasgupta said, “We will be focusing on improving our technology stack and expanding our footprints within and outside the country’s borders.” The company plans to expand to six more locations using the fresh funds by the end of the current fiscal year. A portion of the funds will also be used to expand their international reach to set up operations in Abu Dhabi by the third quarter of 2018.
The online restaurant and reservation platform was founded in late 2014 by various veterans of the hotel industry such as Vir Sanghvi, Sue Reitz, Sachin Pabreja, Shruti Kaul, Ruchika Dhamija and Manish Kutula. The platform allows users to book tables and offers an EazyDeal with every table booking in the form of a free glass of wine or popular desserts in some of the standalone restaurants and 5 star hotels. Currently, the app allows users to book reservations in eight Indian cities and in Dubai. The company claims to have around 53,000 restaurants listed on their app and close to 15 lakhs subscribers every month.
In July this year, EazyDiner raised an undisclosed amount from Indian cricketer Yuvraj Singh, via his venture fund YouWeCan. In August 2015 they raised $ 3 million in a funding round led by Saama Capital and existing investor DSG Consumer Partners. So far, EazyDiner has raised close to Rs. 51 crores from across various funding rounds.
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