House of Biryan Secures Rs 32 Crore in Growth Funding

House of Biryan (HoB), a rapidly expanding food-tech platform, has successfully raised Rs 32 crore (approximately $3.66 million) in a funding round led by Bestvantage Investments. This round also saw participation from cricket legend MS Dhoni, Mohit Goyal (former CVC Capital), Abhineet Singh (Al Siraj Holdings), and senior executives from SoftBank, Kedara, and APAX. In July 2024, House of Biryan had previously secured $2 million in a funding round led by a family office from the Middle East known as Al Siraj Holdings, along with Angel Star Ventures.

The funds raised will be directed towards expanding the brand’s footprint to between 120 and 150 outlets over the next three years, with a revenue target set between Rs 450 and 550 crore. Established by renowned chefs Mohammed Bhol and Mikhail Shahani, HoB’s vision is to elevate biryani to a global food genre, comparable to pizza, sushi, and burgers. The founders boast over 25 years of Michelin-starred culinary expertise.

Currently, the brand operates 22 kitchens across cities like Mumbai, Delhi, and Dubai and has catered to 2.8 million customers with 4.9 million orders, achieving a 47% repeat usage rate and maintaining an average rating above 4.3. Nearly half of its Zomato traffic is attributed to direct searches for the HoB brand.

The company reports an annual revenue run rate approaching Rs 50 crore and is EBITDA-positive in its main markets. Recently, House of Biryan launched its first international cloud kitchen in Dubai and is gearing up for expansion into regions such as Australia, Japan, the UK, and North America.

HoB faces competition from brands like Rebel Foods (Faasos, Behrouz Biryani), Biryani By Kilo, and other cloud kitchen competitors.