- July 3, 2018 / 3 min readCurrently headquartered in New Delhi the company is looking to use the capital to scale operations and stores across India
Premium Biryani chain ‘Biryani by Kilo’ (BBK) has raised about $1 million in its Pre-series A round of funding from a clutch of investors led by Ajay Relan, Founder Chairman at CX Partners and Vinay Mittal from HT Media Strategy.
Currently headquartered in New Delhi, the company is looking to use the capital to scale operations and stores across India.
Founded in 2015 by food veterans Kaushik Roy and Vishal Jindal, BBK was launched with an intent to preserve the Khansama style of cooking wherein the biryani is freshly cooked with rich ingredients, unlike other brands where the food is cooked in bulk and repackaged & sold.
“We aim to make Biryani By Kilo a renowned name in the food service and delivery category from India. With the help of the distinguished team of investors, we will expand both our geographic presence as well as the product range and open outlets in multiple Indian cities,” said Kaushik Roy, Founder & CEO - Biryani By Kilo.
BBK currently has a total of 11 outlets in India across Delhi-NCR and Mumbai. The restaurant chain is looking to expand its footprint in the domestic market by opening over 20 stores in metros by March 2019.
BBK claims to grow at an annual rate of about 70%, currently clocking an annual revenue run rate of about Rs 24 crore. With this fund raise, BBK is aiming to scale its annual revenue run rate to over Rs 40 crore by FY19 end.
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