Online table reservation platform EazyDiner raises Rs 41 Cr from DIT, Beenext
Online table reservation startup EazyDiner has raised Rs 41 crore in funding led by Denlow Investment Trust and early-stage investment firm Beenext.
According to an ET report, the Series B equity financing round values the company at about Rs 280 crore.
However, it is not cleared whether the fresh round is an extended part of last year Series-B round led by its existing investors, DSG Consumer Partners and Saama Capital.
Entrackr has sent a query to EazyDiner, and we will update the post as response comes in.
With the fresh capital, EazyDiner will expand its presence and well as its loyalty programme, EazyDiner Prime.
For uninitiated, EazyDiner Prime is a premium subscription-based dining programme launched by the company this year, has tied up with companies including American Express and HDFC Bank.
EazyDiner was floated by food critics and journalist Vir Sanghvi along with former Oberoi Group president Kapil Chopra, Sue Reitz, Rohit Dasgupta, Sachin Pabreja, Shruti Kaul, Ruchika Dhamija and Manish Kutula. It is an online restaurant reservation platform that offers a curated guide for an extensive range of dining options, with special deals on every single booking and no reservation charges.
EazyDiner is present in 11 cities across India and is setting up operations in Dubai.
Currently, Dineout, Eatigo, and foodtech unicorn Zomato are the three other players active online table reservation segment.
In August 2015, the EazyDiner had raised $3 million from Saama Capital and its existing investor DSG Consumer Partners, and till date, the company has raised Rs 70 crore across rounds.
Apart from the aforementioned investors, EazyDiner had roped in Indian cricketer Yuvraj Singh as its brand ambassador and investor in June, last year.
Source: Entrackr
