Total amount raised
$54 Million
Latest funding date
11/1/2024
Location
Biryani By Kilo has successfully raised funds over 13 rounds, with notable investors including Pulsar Capital and Clear Bridge Ventures. The company has also been acquired by Devyani International Limited, marking a significant milestone in its financial journey.
Keep reading to explore the intricacies of Biryani By Kilo's fundraising journey and the investors backing this innovative platform.
What Is Biryani By Kilo?
Biryani By Kilo operates in the catering, food and beverage, food delivery, and food processing industries. The company is based in Haryana, India, and employs between 501 and 1000 people.
Specializing in biryani and other Indian dishes, Biryani By Kilo offers diverse biryani styles and online ordering services. The company has been acquired by Devyani International Limited and serves multiple locations across India, including major cities like Bangalore, Mumbai, Delhi, and Kolkata.
How Much Funding Has Biryani By Kilo Raised?
- Private Equity Round
- Amount Raised: USD 2,000,000
- Date: November 2024
- Lead Investors: Pulsar Capital
- Valuation at Round: USD 100,000,000
- Motivation Behind the Round: To expand operations and enhance menu innovation.
- Series C Round
- Amount Raised: INR 720,000,000
- Date: December 2023
- Lead Investors: Alpha Wave Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and operational needs.
- Debt Financing
- Date: May 2023
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve financial stability and support expansion.
- Series B Round
- Amount Raised: USD 35,000,000
- Date: November 2021
- Lead Investors: Alpha Wave Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up operations and enter new markets.
- Series B Round
- Amount Raised: INR 60,000,000
- Date: April 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and infrastructure.
- Series A Round
- Amount Raised: INR 300,000,000
- Date: June 2019
- Lead Investors: IvyCap Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand delivery capabilities and increase outlets.
- Seed Round
- Amount Raised: USD 977,820
- Date: November 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and market entry.
- Seed Round
- Amount Raised: USD 1,000,000
- Date: July 2018
- Lead Investors: Ajay Relan, Vinay Mittal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and market reach.
- Seed Round
- Amount Raised: USD 609,808
- Date: October 2017
- Lead Investors: Startup Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the business model and initial operations.
- Angel Round
- Amount Raised: INR 25,000,000
- Date: February 2017
- Lead Investors: Anmol Jamwal, Chandigarh Angels Network
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the brand and establish market presence.
Total Amount Raised: USD 52,587,628
Current Valuation: USD 100,000,000
Key Investors
- Pulsar Capital
- Details: Pulsar Capital is a Dubai-based private equity firm led by Vish Nair, a former partner at TPG. The firm has been a lead investor in multiple funding rounds for Biryani By Kilo.
- Investment Focus Areas: Healthcare, ecommerce enablement, cloud kitchens.
- Notable Investments: TruDoc, Assidus.
- Alpha Wave Ventures
- Details: Alpha Wave Ventures is a venture capital firm that has participated in several funding rounds for Biryani By Kilo. The firm focuses on growth-stage investments.
- Investment Focus Areas: General venture capital investments.
- Notable Investments: Not specified.
- IvyCap Ventures
- Details: IvyCap Ventures is a venture capital firm that invests in technology-driven startups. They have been involved in multiple funding rounds for Biryani By Kilo.
- Investment Focus Areas: Technology, consumer products, healthcare.
- Notable Investments: Purplle, Bluestone, Bewakoof.
- Clear Bridge Ventures
- Details: Clear Bridge Ventures is a venture capital firm that has invested in Biryani By Kilo. They focus on early to growth-stage companies.
- Investment Focus Areas: General venture capital investments.
- Notable Investments: Not specified.
- Incred Wealth
- Details: Incred Wealth is a wealth management firm that has participated in funding rounds for Biryani By Kilo. They focus on high-growth potential companies.
- Investment Focus Areas: Wealth management, high-growth potential companies.
- Notable Investments: Not specified.
What's Next for Biryani By Kilo?
As Biryani By Kilo looks to the future, the opportunities are vast. The cloud kitchen market in India is projected to reach $3 billion by FY31, providing a significant growth avenue. With recent funding from Pulsar Capital, the company is well-positioned to expand its delivery services and outlet network, tapping into the increasing demand for online food delivery.
Future fundraising efforts seem promising, given the ongoing interest from private equity firms and venture capitalists. This financial backing will be crucial for scaling operations and enhancing menu innovation. However, the company will need to navigate intense competition from other cloud kitchen brands and manage operational costs to maintain profitability.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Biryani By Kilo and gather other critical business insights.
Sign up for free to start making data-driven decisions and boost your sales strategy.
