BiryaniByKilo, a delivery-led food startup, has raised ₹30 crores 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 with kebabs, korma, bread, and cakes. It ordinarily operates beneath the cloud-kitchen version, where it has the handiest delivery with few dine-ins at select places based on the latest call for.
Over the ultimate 3 years, BBK has accelerated to twenty stores operational throughout Delhi NCR, Mumbai, Chandigarh, Mohali, and Ludhiana.
Founded using 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 is a phase with the 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 partner at IvyCap Ventures, said, “There is a awesome possibility for the emergence of pan-India Biryani-focused chains, alongside 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, satisfactorily recognized for its Faasos brand. Rebel also homes the Behrouz Biryani logo of biryani cloud kitchens, which is considered one of Rebel’s quickest developing segments.