In a growth round supported by Bestvantage Investments, the rapidly expanding food technology platform House of Biryan (HoB) raised Rs 32 crore, or approximately $3.66 million. Senior executives from SoftBank, Kedara, and APAX also participated, as did cricket legend MS Dhoni, Mohit Goyal (formerly of CVC Capital), and Abhineet Singh (Al Siraj Holdings).
In a fresh round of funding earlier in July 2024, House of Biryan raised $2 million under the direction of Angel Star Ventures, a Middle Eastern family office known as Al Siraj Holdings.
Key Highlights
- House of Biryan raises ₹32 crore from MS Dhoni, Bestvantage et al. for global kitchen expansion.
- Funds will drive growth from 22 existing cloud kitchens to 120–150 outlets, targeting ₹450–550 crore revenue.
The fund raised will be used to expand to 120–150 locations over the course of the following three years, with a target revenue of Rs 450–550 crore.
Chefs Mohammed Bhol and Mikhail Shahani founded HoB with the goal of elevating biryani to the status of a global food category comparable to pizza, sushi, and burgers. The founders have been Michelin-starred chefs for more than 25 years.
The brand has served 2.8 million customers through 4.9 million orders, has 22 kitchens in Mumbai, Delhi, and Dubai, and has an average rating above 4.3 and 47% repeat business. Direct brand searches account for almost half of its Zomato traffic.
The company states that it is EBITDA-positive in its core markets and has attained an annual revenue run rate of roughly Rs 50 crore. It is getting ready to expand into Australia, Japan, the UK, and North America after launching its first international cloud kitchen in Dubai.
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Biryani By Kilo, Rebel Foods (Faasos, Behrouz Biryani), and other cloud kitchen brands are competitors of HoB.
