House of Biryan raises Rs 32 crore funding led by MS Dhoni, Bestvantage Investments

House of Biryan (HoB), a food-tech platform, has raised Rs 32 crore (around $3.66 million) in a growth round backed by Bestvantage Investments.

The round also saw participation from cricket icon MS Dhoni, Mohit Goyal (ex-CVC Capital), Abhineet Singh (Al Siraj Holdings), and senior professionals from SoftBank, Kedara, and APAX.

The funds will be used to expand to 120–150 outlets over the next three years, aiming for revenues of ₹450–550 crore.

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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 personalised 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 ₹450–550 crore,” said co-founders Mohammed Bhol and Mikhail Shahani.

About House of Biryan

Founded in 2022 by chefs Mohammed Bhol and Mikhail Shahani, House of Biryan (HoB) is a food-tech platform using a cloud kitchen model. It offers customizable biryani bowls under the “Meri Wali Biryani” brand, along with kebabs, curries, and sides. 

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So far, the company says it has served 2.8 million customers across 4.9 million orders, with a 47% repeat rate and an average rating above 4.3.

The company says it has an annual revenue run rate of around ₹50 crore and is EBITDA-positive in its main markets. It recently opened its first international cloud kitchen in Dubai and plans to expand to Australia, Japan, the UK, and North America.