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EazyDiner raises Rs 40 crores from DMI Alternative Investment Fund

The restaurant table reservation, food discovery and payment platform is backed by DSG Consumer Partners, Saama Capital, Beenext, and Denlow Investment Trust

EazyDiner raises Rs 40 crores from DMI Alternative Investment Fund
EazyDiner's founder Kapil Chopra with Soumitra Sen, head of consumer banking and marketing at IndusInd Bank while launching a co-branded credit card

Outlook Start-Up Desk

POSTED ON March 29, 2023 3:23 PM

EazyDiner, a restaurant table reservation, food discovery and payment platform, has raised Rs 40 crores in a fresh round of funding from the DMI Alternative Investment Fund—The Sparkle Fund.

Founded and led by Kapil Chopra along with a team of restaurateurs and hoteliers, EazyDiner helps users discover dining destinations, book guaranteed reservations within 10 seconds, and pay for their meals on the app using PayEazy.  

“We believe that customer service has been our biggest moat, even beyond the 40 per cent to 50 per cent discount that customers save every time they eat out. The latest funding round will accelerate the company's growth and scale its operations to new markets in cities across India,” Chopra said. 

EazyDiner currently operates in over 30 cities and will enable instant restaurant reservations and payment across 100 cities by the end of the year. It is backed by DSG Consumer Partners, Saama Capital, Beenext, and Denlow Investment Trust. 

“We are excited to partner with the EazyDiner team as they scale their business pan India and internationally. The Sparkle Fund is always looking for companies with a vision to innovate in the financial services ecosystem. With EazyDiner, the future of eating out looks promising,” said Shivashish Chatterjee, co-founder of DMI Finance. 

The food-tech company claims that with over 3 million users, it seats more customers in restaurants than any other app and has grown 5X in terms of diners and over 18X in terms of payments of restaurant bills on the app in 2022. 

It has partnered with 15 banks, including Axis, ICICI and Kotak Mahindra Bank and believes that these associations help save customers close to 45 per cent instantly on every meal. 

The eating-out culture in India has been growing exponentially, with people preferring to head to restaurants for a meal, more so post the recent pandemic. EazyDiner is focused on and benefiting people eating out through content and discovery, table reservations, a VIP dining program (EazyDiner Prime) and also payment on the app. 

Hotel chains, including ITC Hotels, Radisson Hotels, JW Marriott, Four Seasons, St. Regis and Trident, and restaurants like Indian Accent, Olive, Mamagoto and Barbeque Nation, work closely with EazyDiner to get premium consumers to their restaurants. EazyDiner already powers reservations in over 700 restaurants across Dubai and Abu Dhabi and has recently launched its PayEazy payment product in the Middle East.

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