India’s love for food is what startups here, are tapping into these days. And it seems to be going down well with investors too. Now EazyDiner, an online platform for restaurant reservation, has raised $3 million in a fresh funding round from Saama Capital and its existing investor DSG Consumer Partners.
EazyDiner founder Rohit Dasgupta, armed with the newly infused capital, says that the company will expand its operations to 12 cities in India by the end of 2016. By the end of this week, it will commence operations in Mumbai. It will also expand internationally by starting operations in Dubai. The funds will also be used for the upgradation of technology.
Founded in 2014 by a group of professionals from F&B industry, EazyDiner offers real-time table bookings at restaurants, at five-star hotels and stand-alone brands. It also deals with every reservation, insider tips, critic reviews, and dining loyalty program through its platform. Pretty much how Zomato works (now).
As per the company’s claims, it will close August with 10,000 diners and 2,500 reservations in Delhi-NCR alone, marking a growth of 25 times since January 2015. 25% of the overall bookings are made through its mobile applications on iOS and Android. Currently, its monthly revenues stand at Rs. 50 lakh.
In April 2015, the company raised an undisclosed amount in a seed funding round from Chrys Capital, Deepak Shahdadpuri, Gulpreet Kohli and DSG. However, the round is believed to be around $1 million.
In the space of online table reservation, EazyDiner will compete with the likes of Zomato, which, with all of its M&As, has become like a behemoth in this space. Newer startups like WowTable and DineOut are also faring pretty well. Zomato recently acquired NexTable to offer table booking services in India, Australia and UAE.
