Total amount raised
$20.9 Millions
Latest funding date
3/1/2023
Location
EazyDiner has successfully raised significant funding over multiple rounds, with its latest being a Series C. The platform offers a comprehensive suite of services including restaurant discovery, deals, table bookings, and concierge services.
Keep reading to explore the intricacies of EazyDiner's fundraising journey and the investors backing this innovative platform.
What Is EazyDiner?
Founded in 2014, EazyDiner is based in Gurgaon, Haryana, India. The platform offers a range of services including restaurant discovery, reviews, deals, table bookings, and concierge services.
EazyDiner was co-founded by Kapil Chopra, Manish Kutaula, Rohit Dasgupta, Sachin Pabreja, and Vir Sanghvi. The company aims to simplify the dining experience by providing users with easy access to restaurant reservations and exclusive discounts.
With a team of 251-500 employees, EazyDiner continues to grow, offering a seamless dining experience to its users. For more details, visit their official website or check out their Crunchbase profile.
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 features.
- 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 team and enhance the platform's capabilities.
- 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 increase market presence.
- 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 reach and improve service offerings.
- 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 enhance technology and user experience.
- 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 into new markets and increase user base.
- 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 operations and navigate market challenges.
- 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: $10.4M + ₹810M
Current Valuation: Not publicly disclosed
Key Investors
- DMI AIF Sparkle Fund
- Details: Managed by DMI Finance, the Sparkle Fund focuses on innovative companies in the financial services ecosystem. It recently invested Rs 40 crore in EazyDiner to support its expansion.
- Investment Focus Areas: Financial services, technology-driven platforms, innovative companies.
- Notable Investments: Not publicly disclosed.
- DSG Consumer Partners
- Details: A venture capital firm that invests in early-stage consumer businesses in India and Southeast Asia. DSG Consumer Partners has been a consistent backer of EazyDiner.
- Investment Focus Areas: Consumer businesses, early-stage companies, Southeast Asia.
- Notable Investments: Veeba, Raw Pressery, Epigamia.
- Saama Capital
- Details: Saama Capital is a venture capital firm that focuses on early-stage investments in India. It has supported EazyDiner through multiple funding rounds.
- Investment Focus Areas: Early-stage companies, technology, consumer services.
- Notable Investments: Snapdeal, Paytm, Chai Point.
- Beenext
- Details: A venture capital firm that invests in early-stage technology startups across India, Southeast Asia, Japan, and the USA. Beenext has been involved in EazyDiner's growth journey.
- Investment Focus Areas: Technology startups, early-stage companies, global markets.
- Notable Investments: NoBroker, Citrus Pay, ShopClues.
- Denlow Investment Trust
- Details: Specific details about Denlow Investment Trust are not publicly disclosed. However, it has been a significant investor in EazyDiner.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for EazyDiner?
With the recent Rs 40 crore investment from The Sparkle Fund, EazyDiner is poised to expand its operations across India and the Middle East. The platform's partnerships with over 12,000 restaurants and 15 leading banks, along with its user base of more than 3 million, present significant opportunities for growth. The introduction of the "PayEazy" payment product and co-branded dining credit cards further enhance its market position.
Future fundraising opportunities are likely as EazyDiner scales to 100 cities and enhances its platform features. The company may attract additional investments to support its expansion and technological advancements. However, challenges such as competition from other platforms and maintaining seamless integration with partners could pose hurdles. Navigating these challenges will be crucial for sustained growth and market leadership.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like EazyDiner and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
