Biryani By Kilo (BBK), a popular food delivery company known for its delicious biryani, has secured a whopping $9 million (INR 72 crore) in its recent funding round. The funding, termed Series C, was primarily driven by Alpha Wave Ventures, leading the investment charge.
To raise this significant amount, BBK’s board made a special decision to issue 18,086 Series C CCPS at an issue price of INR 39,800 per share.
Alpha Wave Ventures will now hold a considerable 35.06% stake in the company post this funding round. Other investors such as IvyCap Ventures, Incred, and Clear Bridge will maintain stakes of 5.37%, 1.09%, and 1.10%, respectively.
This latest funding round has propelled BBK’s total funding beyond the $50 million mark, marking a significant milestone for the company.
BBK, established in 2015 by Kaushik Roy, Ritesh Sinha, and Vishal Jindal, specializes in preparing and delivering authentic biryani, focusing on both Hyderabadi (Kutchi) and Lucknowi (Pukki) styles.
You can read more about Vishal Jindal’s story here: Vishal Jindal Success Story
The company takes pride in using the freshest ingredients and cooks its biryani in individual earthen Handis, ensuring an authentic and flavorsome experience for its customers.
The infusion of funds is expected to further fuel BBK’s growth trajectory, enabling it to expand its offerings and reach more food enthusiasts across the region.
