Biryani by Kilo raises $35mn , funding led by Falcon Edge.

• ByStartupStory     |    November 23, 2021

Biryani By Kilo (BBK) said it has raised $35 million in a Series B round led by Falcon Edge Capital, with participation from SBI and existing investor IvyCap Ventures. Further, as this deal was signed on Monday, according to the companythe company announces that it targets to use the funds to expand its biryani brand nationwide, targeting over 200 outlets by the end of 2024. In addition, BBK is looking to foray into international markets. 

Biryani is the largest category by far, in the Indian food delivery markets, bagging over 25% of the overall food delivery market, but has historically been highly localised, dominated by small independent businesses with variable quality and consistency. Paradoxically, companies such as Behrouz Biryani and BBK have established a large brand for the food service, which was unseen before.

Founder Vishal Jindal said, “We are delighted to close our Series B fundraise and have Alpha Wave | Falcon Edge on board as we look to continue to consolidate our position as India’s leading biryani brand and take BBK worldwide. BBK would also be looking at acquiring other F&B cloud kitchen brands which can be scaled pan India with our expertise in supply chain, technology & marketing. We are grateful to the support of our existing investors IvyCap and the Chand group.”

Follow Startup Story