Private Equity

VC Fund Investments

Biryani By Kilo raises $9-M led by Alpha Wave

Startup Story Media  

Biryani By Kilo (BBK) has raised USD 9 million in its Series C funding round led by by Alpha Wave. Biryani By Kilo passed a special resolution to issue 18,086 Series C CCSP at an issue price of INR 39,800 per share, raising INR 72 crore (USD 9 million). Alpha Wave led the round with a contribution of INR 28 crore, joined by Ivycap Ventures, Incred Wealth, and Clear Bridge Ventures, investing INR 16.5 crore, INR 8.2 crore, and INR 8.3 crore respectively. Vevek Ventures, DSP HMK Holdings, and other individuals collectively participated with INR 11 crore. After this funding infusion, Alpha Wave will hold a 33.5% stake, while Ivycap Ventures, Incred, and Clear Bridge will have ownership percentages of 19.42%, 1.04%, and 1.05%, respectively. Estimated to be valued at approximately INR 840 crore or USD 105 million post-allotment Biryani By Kilo has amassed around USD 55 million in total funding, including a USD 35 million Series B round led by Falcon Edge in November 2021.