Online restaurant reservation portal EazyDiner has raised $3 million (Rs 19.9 INR) in a fresh round of funding. Saama Capital and its existing investor DSG Consumer Partners participated in this round.
With this funding, the Delhi-based startup plans to expand their operations to other cities starting with Mumbai this week to Bangalore and Pune later this year. In addition, EazyDiner aims for a geographical expansion to 12 more cities.
Currently they work with 500+ restaurants for Online table booking which they plan to increase to 1500 restaurants, Delhi, Mumbai and Bangalore combined.
On this announcement, Ash Lilani, managing partner and cofounder, Saama Capital said
“Our belief is that a focused reservation play in India is a huge long-term opportunity,” This is Saama’s first investment in the table booking space, but second for DSG that has invested in Singapore-based company, Chope. Saama has invested about $2 million in this round”
EazyDiner claims to have grown 25 times since its launch in January this year. The company also added that 5 per cent of bookings are made through its app on iOS and Android with monthly revenues reaching close to Rs 50 lakh. The Startup aims to close this month with 10,000 diners or 2500 reservations in Delhi-NCR alone.
Other major players in this line are TableGrabber, DineOut and Zomato. NexTable was acquired by Zomato earlier this year with plans to offer table bookings in India and other geographies.
Latest posts by Akash Boaz (see all)
- HR Tech & Analytics Platform, Darwinbox, Raises Capital from Multiple Funds Including Mohandas Pai’s 3one4 - July 27, 2016
- Hyderabad based NewsDistill announces the first personalized news player in the world - July 21, 2016
- Bangalore based Home rental startup Zenify raises $1mn in funding - May 11, 2016