House of Biryan is a quick-service restaurant startup that offers a variety of Biryani dishes with quality. The startup secured $2 million in a new funding round from Angel Star ventures, AI Siraj Holdings, and HNIs from the US. The funding round had the participation of the firm’s new and existing investors. The startup plans to use these fresh proceeds to fuel business growth, expand its network, and meet general corporate purposes. Here we are talking about Cloud kitchen platform House of Biryan secured $2 million in a funding round led by AI Siraj Holdings and others.
The company has secured a total of 3 million USD since its inception, including this $2 million fundraising. The startup currently offers its services in Mumbai and Delhi and plans to expand its business across India using a portion of its investment to increase the number of outlets by 40 in the next two years. This chain house restaurant plans to serve over 100,000 orders per month and achieve a target of Rs 100 crore Annual run rate. The startup intends to use this investment to enhance its platform for better user experience and develop more product offerings.
The startup leverages cloud kitchen platforms and offers shared kitchen solutions for food businesses. The Co-founder of House of Biryani, Mohammed Bhol, mentioned that the company is focusing on expanding its subcategories and offering Biryani with Mughlai, Kebabs, and north Indian cuisine. As of now, the startup does not have any plans to spread with several brands. The startup faces competition from other cloud kitchen platforms, including Curefoods, Freshmenu, Rebel Foods, Potful, TFC, and more. The company reported an annual operating loss of 2 percent and expects to become profitable before this year.
The firm’s current annual run rate is Rs 25 crore across six businesses. This Mumbai-based startup started its business with two cloud kitchens in 2022 with a Rs 20 crore revenue earned in one year. The startup is focusing on turning profitable with positive EBITDA. The chief investment officer of AI, Siraj, told ET that he participated in a personal capacity for the startup’s previous rounds to analyze the company’s customer support and economics. This got the company to trust and make a bet on this growing Indian startup.
Conclusion
House of Biryan is a QSR chain startup that raised $2 million in its funding round from the participation of Angel Star ventures, AI Siraj Holdings, and HNIs from the US. The company intends to use this fresh capital to fuel business growth, expand its network, and meet general corporate purposes. The company has secured around 3 million USD since its commencement, including this 2 million USD investment.
The startup focuses on expanding its categories and serving various fusions of dishes to its customers rather than just expanding its offices. This cloud kitchen company aims to achieve over 100,000 monthly orders to get an annual run rate of Rs 100 crore by 2025. The startup plans to establish 40 new outlets in the next two years.
