Private Equity Fund Investments
Food deliverer Biryani By Kilo raises $35-M led by Falcon Edge
Gurugram-based food delivery brand Biryani By Kilo (BBK) has raised USD 35 million in its Series B funding round led by Falcon Edge Capital's venture capital arm Alpha Wave Ventures. SBI and existing investor IvyCap Ventures also participated in the round. BBK was founded in 2015 by Vishal Jindal and Kaushik Roy. It has over 60 outlets in over 25 cities. It will use the funds to further expand its biryani brand targeting over 200 outlets by the end of 2024. In addition, BBK is looking to expand into international markets and use the capital to acquire other F&B cloud kitchen brands. The firm's revenue run rate for the ongoing fiscal year is INR 150 crore.
From the Venture Intelligence PE-VC Deal Database: Between Jun-19 and Mar-21, Biryani By Kilo had raised close to INR 70 crore from IvyCap Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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