With these funds, the Delhi-based startup said it plans to grow dark store operations across India, accelerate hiring, & build more technological capabilities to create a seamless delivery experience.
Based on the e-commerce rollup model, the ‘house of food brands’ will acquire 8 more legacy brands by FY 2022-23, with a targeted cumulative revenue of ₹120 Cr generating 100+ direct and indirect jobs across the country.
The QSR chain, World Trail plans to open 15 new outlets by the end of the current financial year and 200 in the next five years to increase its footprint across India.
With the funds infusion, Ginglani Distillers has launched their brands in the Delhi market, plans to strengthen their core team and ramp up their marketing initiatives both in-retail and on social media.
The company will be utilizing the funds towards expanding its product portfolio, enhancing operations and growing its presence across more cities in India.