EazyDiner, a restaurant table reservation startup, has secured $5.85 million in Series B funding, led by Denlow Investment Trust and Beenext. This funding round values the company at around $40 million.
As a part of this deal, John Price, chairman of Mars Pension Trustee, will be joining the company’s board. The newly infused capital will be used by the startup to expand its presence as well as to expand its loyalty programme named EazyDiner Prime.
Prior to this funding round, the company had raised $4.5 million funding round led by DSG Consumer Partners and Saama Capital. Till now, the company has managed to raise around $10 million in external funding.
EazyDiner was founded in 2015 by Vir Sanghvi and other top hoteliers, including Sue Reitz, Sachin Pabreja, Shruti Kaul, Ruchika Dhamija, and Manish Kutula.
It is a restaurant table reservation platform which counts as founders. At present, the company is serviceable in 11 cities across India and is setting up operations in Dubai. It plans on launching in five more cities over the next two months, starting with Hyderabad.