BiryaniByKilo, a delivery led food startup, has raised ₹30 crore in a Series A round from homegrown task capital firm IvyCap Ventures, it said on Friday.
The agency is centered on Nizami & Mughlai delicacies making special conventional dum style sparkling biryani and different complementary merchandise together with kebabs, korma, breads, and cakes. It ordinarily operates beneath the cloud-kitchen version, where it has handiest delivery with few dine-ins at select places based on latent call for.
Over the ultimate 3 years BBK has accelerated to twenty stores operational throughout Delhi NCR, Mumbai, Chandigarh, Mohali and Ludhiana.
Founded by means of Kaushik Roy, Vishal Jindal and Ritesh Sinha in 2015, BBK will use the budget raised broadly speaking for similarly expanding their geographic presence across West & North India and enhancing their platform, product, generation, attain and performance.
“Biryani as a phase has huge ability and is already ranked as the most ordered meals merchandise by using main food delivery aggregators in India. Biryani marketplace in India is envisioned to be approx. ₹1,500 crores in the prepared area and ₹15,000 crores within the unorganized quarter as in line with Industry reports,” the declaration said.
Vikram Gupta, founder & coping with partner at IvyCap Ventures said, “There is a awesome possibility for emergence of pan-India Biryani-focused chains, along side room for growth into worldwide markets.” “The founding team comes with good sized enjoy and demonstrable track-record of scaling-up F&B companies,” he brought.
The cloud kitchen version for Biryanis has seen consumer and investor traction in India, led through Rebel Foods, satisfactory recognised for its Faasos brand. Rebel additionally homes the Behrouz Biryani logo of biryani cloud kitchens, stated to be considered one of Rebel’s quickest developing segments.