ADVERTISEMENT

IvyCap Ventures leads $4.3 mn funding in online kitchen Biryani By Kilo

IvyCap Ventures leads $4.3 mn funding in online kitchen Biryani By Kilo
L to R: Vishal Jindal & Kaushik Roy, Co-founders, Biryani By Kilo

Biryani By Kilo, an online kitchen with a few dine-ins, has raised Rs 30 crore ($4.3 million) in its Series A round of funding led by venture capital firm IvyCap Ventures. 

The restaurant chain, owned by Gurugram-based Sky Gate Hospitality Pvt. Ltd, will use the funds for expanding its geographic presence across west and north India and improving its platform, product, technology, reach and efficiency.

Biryani By Kilo was founded in May 2015 by Kaushik Roy, Vishal Jindal and Ritesh Sinha.

Biryani By Kilo had raised pre-Series A funding of Rs 5-10 crore in November 2017.

The company has 20 outlets across Delhi-NCR (National Capital Region), Mumbai, Chandigarh, Mohali and Ludhiana.

It posted net sales of Rs 12 crore for 2017-18 as against Rs 4 crore the year before, going by VCCEdge, the financial data platform of Mosaic Digital. The company is yet to achieve operational break-even.

Deals in the segment

Share this Post

Comment(s)

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT