Gurgaon-based Sky Gate Hospitality Pvt. Ltd, which runs food startup Biryani By Kilo, has raised pre-Series A funding from a clutch of investors, a top company executive told VCCircle. The company has raised Rs 5-10 crore ($763,000- $1.5 million) from existing as well as new investors by diluting a 10-15% stake. According to Biryani By Kilo founder Kaushik Roy, the money will be used to expand its footprint in the domestic market.
Biryani by Kilo (BBK), a premium Biryani chain founded in 2015 by two veterans of industry Mr. Kaushik Roy and Mr. Vishal Jindal is now gearing up to raise around USD 6-8 Million for the second time this year. This Series A funding will give a major boost to BBK's expansion... (more)
