House of Biryan (HoB), a food-tech platform, has raised INR 32 crore (about $3.66 million) in a growth funding round led by Bestvantage Investments.
The round also included investments from cricket star MS Dhoni, Mohit Goyal (ex-CVC Capital), Abhineet Singh (Al Siraj Holdings), and senior professionals from SoftBank, Kedara, and APAX.
The company plans to use the funds to expand to 120–150 outlets over the next three years, targeting revenues of INR 450–550 crore.
Earlier in July 2024, House of Biryan raised $2 million in a funding round led by Middle East family office Al Siraj Holdings and Angel Star Ventures.
“With the support of our marquee investors we are building the Chipotle of Biryani, delivering personalized bowls of biryani across the world. This round fuels our ambition to scale from 22 kitchens today to 120–150 outlets over the next three years, targeting revenues of INR 450–550 crore,” said co-founders Mohammed Bhol and Mikhail Shahani.
House of Biryan (HoB) was founded in 2022 by chefs Mohammed Bhol and Mikhail Shahani. The company operates as a food-tech platform using a cloud kitchen model.
HoB offers customizable biryani bowls under the brand “Meri Wali Biryani”, along with kebabs, curries, and side dishes.
So far, House of Biryan has served 2.8 million customers through 4.9 million orders, with a 47% repeat rate and an average rating above 4.3.
The company has an annual revenue run rate of around INR 50 crore and is EBITDA-positive in its main markets. It recently launched its first international cloud kitchen in Dubai and plans to expand to Australia, Japan, the UK, and North America.
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