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Oct, 12 2017

Eazydiner raises 30 crore in fresh round of funding

EazyDiner operates in nine cities, including Dubai, and expects to be in six more locations by the end of the current fiscal

Online table reservation startup EazyDiner has raised Rs 30 crore in a fresh round of funding led by its existing backers Deepak Shahdadpuri-led DSG Consumer Partners and Saama Capital, with two new investors also coming on board.

Joining the startup's investor cap table are Singapore-based early stage venture capital firm Beenext and a Middle-East-based family office. According to company executives, the Series-B round values EazyDiner at a pre-money valuation of Rs 250 crore.

Rohit Dasgupta, CEO of EazyDiner said "We will be focusing on improving our technology stack, and expanding our footprints within and outside the country's borders.”

Till date, the company has raised Rs 51 crore across rounds. EazyDiner operates in nine cities, including Dubai, and expects to be in six more locations by the end of the current fiscal. As part of its international expansion, the start-up is targeting to set up operations in Abu Dhabi by the second or third quarter of next year.

Besides Dasgupta, the company also counts media personality Vir Sanghvi as a founder, along with six professionals with a background in food, beverages and hospitality sectors.

EazyDiner, which combines the services of Google-owned dining guide Zagat, NYSE-listed restaurant reviews firm Yelp and Priceline-owned restaurant booking service OpenTable, competes with the likes of online food ordering platform Zomato, which has begun to make substantial strides in the space, as well as Di ..

The company lists 56,000 restaurants on its platform, of which 2,500 are instantly bookable. It claims to place more than 1 lakh diners monthly, across its restaurants, charging establishments between Rs 75 and Rs 150 per diner.

Earlier this year, the company announced a strategic partnership with travel site TripAdvisor. Under the terms of the partnership, TripAdvisor users, domestic as well as international, can make restaurant reservations in India, while EazyDiner will be able to activate the inbound travel market through TripAdvisor’s global reach - the restaurant reviews and ratings being available on its site and app.

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