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. 

The company has secured a total of 3 million USD since its inception including this $2 million fundraise.  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 is expecting to become  profitable before this year. 

The current annual run rate for the firm 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  customer support and economics of the company. 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 orders per month 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.