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Total amount raised
$20.9 Million
Latest funding date
3/1/2023
Location
EazyDiner has successfully raised funds through multiple rounds, with the latest being a Series C round on March 29, 2023. The platform is backed by notable investors including Saama and DSG Consumer Partners.
What Is EazyDiner?
EazyDiner, founded in 2014, is a dynamic platform headquartered in Gurgaon, Haryana, India. It was established by Kapil Chopra, Manish Kutaula, Rohit Dasgupta, Sachin Pabreja, and Vir Sanghvi.
Operating in the food and beverage, hospitality, and service industries, EazyDiner offers a range of services including restaurant discovery, reviews, deals, table bookings, and concierge services. The company employs between 251-500 people and aims to enhance the dining experience with personalized recommendations and booking assistance.
How Much Funding Has EazyDiner Raised?
- Angel Round
- Amount Raised: $97.3K
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial services.
- Seed Round
- Amount Raised: $1M
- Date: April 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance service offerings.
- Series A
- Amount Raised: $3M
- Date: August 2015
- Lead Investors: DSG Consumer Partners, Saama Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technology infrastructure.
- Series A
- Amount Raised: Not publicly disclosed
- Date: June 2017
- Lead Investors: YWC Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market presence and enhance user experience.
- Series B
- Amount Raised: $4.6M
- Date: October 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and development of new features.
- Series B
- Amount Raised: ₹410M
- Date: August 2018
- Lead Investors: Denlow Investment Trust
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and enhance platform capabilities.
- Series B
- Amount Raised: $1.4M
- Date: February 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To sustain growth and improve service offerings.
- Series C
- Amount Raised: ₹400M
- Date: March 2023
- Lead Investors: DMI AIF Sparkle Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations in India and the Middle East.
Total Amount Raised: $10.1M + ₹810M
Current Valuation: Not publicly disclosed
Key Investors
- Saama Capital
- Details: Saama Capital is a venture capital firm that focuses on early-stage investments in India. It has a history of backing innovative startups across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Snapdeal, Paytm, EazyDiner.
- DSG Consumer Partners
- Details: DSG Consumer Partners is a venture capital firm that invests in early-stage consumer businesses in India and Southeast Asia. The firm aims to support companies that offer unique and scalable consumer products and services.
- Investment Focus Areas: Consumer goods, food and beverage, retail.
- Notable Investments: Veeba, Raw Pressery, EazyDiner.
- DMI AIF Sparkle Fund
- Details: DMI AIF Sparkle Fund is an investment fund managed by DMI Finance. The fund focuses on companies with innovative visions in the financial services ecosystem.
- Investment Focus Areas: Financial services, technology-driven platforms, food and hospitality.
- Notable Investments: EazyDiner.
- Denlow Investment Trust
- Details: Denlow Investment Trust is an investment trust that supports various ventures. Specific details about the trust are not widely disclosed.
- Investment Focus Areas: Various sectors.
- Notable Investments: EazyDiner.
- YWC Venture Capital
- Details: YWC Venture Capital is a venture capital firm that invests in early-stage companies. The firm aims to support startups with high growth potential.
- Investment Focus Areas: Technology, consumer services, healthcare.
- Notable Investments: EazyDiner.
What's Next for EazyDiner?
With the recent infusion of Rs 40 crore from The Sparkle Fund, EazyDiner is poised to seize significant opportunities in the dining industry. The platform plans to expand its operations across India and the Middle East, leveraging its partnerships with over 12,000 restaurants and 15 major banks. This expansion is expected to enhance the user experience and attract more diners, further solidifying EazyDiner's market presence.
Future fundraising opportunities appear promising as EazyDiner continues to grow. The platform's successful track record and ambitious plans to scale operations to 100 cities by the end of the year make it an attractive prospect for investors. Additionally, the launch of the "PayEazy" payment product in new markets could open doors for further financial collaborations and investments.
However, EazyDiner may face challenges such as competition from other restaurant reservation platforms and the need to maintain high levels of customer service while scaling rapidly. Ensuring seamless integration and user experience across a larger number of cities will be crucial. Despite these challenges, EazyDiner's strategic partnerships and innovative offerings position it well for continued growth and success in the dynamic dining industry.
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