Biryani By Kilo Secures $9 Mn From Alpha Wave Ventures, Vevek Ventures, Others

Biryani By Kilo Secures $9 Mn From Alpha Wave Ventures, Vevek Ventures, Others

Cloud kitchen firm Biryani By Kilo (BBK) has secured $9 million (INR 72 crore) in its Series C funding round led by Alpha Wave Ventures. Other investors in the round include Vevek Ventures, DSP HMK Holdings, IvyCap Ventures, Incred Weath, and Clear Bridge Ventures.

The funding will be used to expand Biryani By Kilo's reach across India and to further develop its technology platform. The company currently operates in over 45 cities and has over 100 locations.

Biryani By Kilo is one of the fastest-growing cloud kitchen brands in India. The company's unique model of using technology to optimize its operations has helped it to achieve rapid growth and profitability.

"We are excited to welcome Alpha Wave Ventures as a partner in our journey," said Biryani By Kilo co-founder and CEO Dharmveer Singh. "Their investment will help us to continue to grow our business and to bring our delicious biryanis to more people across India."

Alpha Wave Ventures is a leading venture capital firm that invests in early-stage technology companies. The firm has a strong track record of success, and its portfolio includes some of India's most innovative companies.

"We are impressed with the Biryani By Kilo team and their track record of execution," said Alpha Wave Ventures partner Navneet Singh. "We believe that the company has the potential to become a leader in the cloud kitchen industry."

The Series C funding round follows a $35 million Series B round that Biryani By Kilo raised in 2021. The company has now raised a total of $44 million in venture capital funding.

Biryani By Kilo is well-positioned for continued growth in the years to come. The cloud kitchen market in India is expected to grow at a CAGR of 20% over the next five years, and Biryani By Kilo is well-positioned to capture a significant share of this growth.

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December 5, 2023

Kalpana Maurya