EazyDiner raises Rs 41 crore in Series B funding Restaurant table reservation venture EazyDiner has raised Rs crore in funding led by Denlow Investment Trust and early-stage investment firm Beenext.

The Series B equity financing round, which closed about two weeks ago, values the company at about Rs 280 crore, and comes about nine after it last raised capital in led by existing backers DSG Consumer Partners and Saama Capital.

EazyDiner, since inception, has now raised a little over Rs 70 crore. A significant portion of the new funding will be used by the three year-old venture to expand its presence and well as its loyalty programme, EazyDiner Prime.

Founded by former Oberoi Group president Kapil Chopra, along with a host of experienced hospitality, food and beverages professionals, EazyDiner is present 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.

“India’s restaurant dining scene has been growing exponentially every year. EazyDiner is a play on India’s burgeoning restaurant and food and beverage consumption out of home,” Chopra told ET.

Denlow Investment Trust is an investor in Deepak Shahdadpuri-led DSG Consumer Partners, and is also believed to be a limited partner, or investor, in Tiger Global Management’s fund. Beenext has been an active backer of the Indian ecosystem, having earlier invested in Droom, Faasos and NoBroker, among other startups.

John Price, chairman of Mars Pension Trustee, the UK-based pension fund of US-based food giant Mars, will be joining EazyDiner’s board.

EazyDiner, which combines the services of -owned dining guide Zagat, NYSE-listed restaurant reviews firm Yelp, and Priceline-owned restaurant booking service OpenTable, competes with the likes of online food-ordering platform Zomato, which has begun to make substantial strides in the space, as well as DineOut.

EazyDiner Prime, the premium subscription-based dining programme launched by the company this year, has tied up with companies including American Express and HDFC Bank.

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