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House of Biryan Secures Funding to Fuel Expansion

House of Biryan Secures 2M in Funding to Expand Operations
Preeti Bali / 7:43 am / July 11, 2024

Speedy help café network Place of Biryan has gotten $2 million in another subsidizing round. The investment was led by Al Siraj Holdings, a family office from the Middle East, with participation from Angel Star Ventures, a US-based fund, and a group of high-net-worth individuals from America.

This latest investment brings House of Biryan’s total funding to $3 million since its inception in 2022.

Growth Plans on the Horizon

Founded by Mikhail Shahani and Mohammed Bhol, House of Biryan currently operates 12 kitchens across Mumbai and Delhi. The company plans to leverage the fresh capital to expand its footprint significantly, aiming to add 30 new outlets. This ambitious expansion strategy is expected to propel the company’s annual revenue run rate to Rs 100 crore by December 2025. House of Biryan’s current annual revenue run rate stands at Rs 25 crore.

 

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