Dubai-based restaurant technology company Eat App is stepping up its India push after securing $10 million in fresh funding, acquiring a local reservations platform, and entering a commercial partnership with Swiggy. The latest Series B extension was led by PSG Equity through its portfolio firm Zenchef SAS, taking Eat App’s total capital raised to more than $23 million.
Founded over a decade ago, Eat App provides reservation, table management and guest data tools to restaurants. The company operates in more than 90 countries and works with over 5,000 restaurants globally. It currently generates close to $12 million in annual recurring revenue. India has emerged as one of its fastest-growing markets, with the platform now serving more than 2,000 restaurants nationwide.
The funding round comes at a time when India’s dine-in segment is drawing renewed focus from technology providers. Industry estimates peg the country’s food service market at over $85 billion by 2028, with dine-in contributing a significant share. Despite this scale, many restaurants continue to juggle reservations across multiple apps, leading to fragmented data and inefficiencies.
To strengthen its local footprint, Eat App has acquired ReserveGo, a Bengaluru-based reservation platform founded in 2022. ReserveGo was handling nearly five million reservations a month across more than 1,000 restaurants at the time of acquisition. Its founder, Vijayan Parthasarathy, previously built inResto, which was acquired by Dineout in 2015.
Eat App has also partnered with Swiggy to offer its solution to restaurants in India under the GroMax brand. While Swiggy will not be involved in product development, its sales teams will help distribute the offering and provide market feedback. The combined solution allows restaurants to consolidate bookings, manage capacity and access customer insights, while also promoting their outlets across Swiggy and social platforms.
With competition from global players such as OpenTable and SevenRooms, as well as Indian firms like Petpooja and Posist, Eat App’s growth in India will depend on its ability to show clear revenue impact for restaurant partners. The company believes its expanded toolkit and local integrations position it well for the next phase of growth.
