House of Biryan raises Rs 32 crore in funding from Bestvantage, MS Dhoni, others

House of Biryan, a Mumbai-based foodtech startup, has raised Rs 32 crore (about $3.7 million) in a growth funding round led by Bestvantage Investments, with participation from former India cricket icon M.S. Dhoni, Mohit Goyal (ex-CVC Capital), Abhineet Singh of Al Siraj Holdings, and senior executives from SoftBank, Kedaara Capital and Apax.

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Founded in 2022 by chefs Mohammed Bhol and Mikhail Shahani, who together have over 25 years’ experience in Michelin-star kitchens, the startup operates a cloud kitchen network offering biryani bowls, kebabs, curries and side dishes. Its “Meri Wali Biryani” allows customers to customize their orders.

The brand claims to have served 2.8 million customers across 4.9 million orders, recording a 47% repeat usage rate and an average customer rating above 4.3. It also claims to have reached an annual revenue run rate of Rs 50 crore and is EBITDA-positive in its core markets.

With the latest infusion, House of Biryan plans to expand its operations from 22 kitchens to between 120 and 150 outlets over the next three years, aiming for revenues of Rs 450 crore to Rs 550 crore. It will also focus on deepening its presence in India’s tier I cities and pushing into international markets such as Australia, Japan, the United Kingdom and North America. 

The startup opened its first overseas kitchen in Dubai earlier this year. In July 2024, House of Biryan raised $2 million in a round led by Al Siraj Holdings and Angel Star Ventures.

Raman Sharma, Founder & CEO, Bestvantage Investments, said, “House of Biryan is not just another cloud kitchen, it is a consumer brand with global resonance. Their ability to build loyalty, demonstrate profitability, and execute at scale made this an easy decision for us. We are excited to back them in their journey of taking biryan global.”