Sparkle Fund, a venture capital division of DMI Alternatives, has invested Rs 40 crore ($4.86 million) in EazyDiner, a restaurant table booking, cuisine discovery platform.
According to CEO Kapil Chopra, the startup, which is active in India and the United Arab Emirates, will use the funds to develop new products and expand operations from the existing 30 locations to 100, as per reported by The Economic Times.
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“This money will go towards developing new products which will help users eat out in a more convenient way, get them instant confirmations… This money is going to go on launching payments into Dubai, Abu Dhabi and Saudi Arabia. The Middle East is very significant because that is a very important market for us and we’ve been in Dubai for over five years now,” Kapil Chopra added.
“We are excited to partner with the EazyDiner team as they scale their business pan India and internationally. The Sparkle Fund is always on the lookout for companies that have a vision to innovate in the financial services ecosystem and with EazyDiner, the future of eating out looks promising,” said Shivashish Chatterjee, co-founder of DMI Finance.
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About EazyDiner
EazyDiner is a well-known tool for restaurant payments, table reservations, and meal discovery. In less than 10 seconds, immediately find and reserve reservations at over 10,000 fantastic restaurants in India and Dubai.
