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.
The money 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.
HoB, which was founded by chefs Mohammed Bhol and Mikhail Shahani, wants to establish biryani as a global cuisine on par with burgers, sushi, and pizza. A Michelin-starred chef for more than 25 years, the founders are a team.
With 22 kitchens spread across Mumbai, Delhi, and Dubai, the brand has completed 4.9 million orders, served 2.8 million customers, 47% of whom have returned, and received an average rating of higher than 4.3. The brand receives almost half of its Zomato traffic from direct brand searches.
According to the company, it has generated approximately Rs 50 crore in revenue annually and is profitable in its primary markets. It just opened its first global cloud kitchen in Dubai and is getting ready to open locations in North America, Australia, Japan, and the UK.
Biryani By Kilo, Rebel Foods (Faasos, Behrouz Biryani), and other cloud kitchen brands are competitors of HoB.
