Banaraswala raises $2M seed from Prax Impex
By Abha Lohia ·
- Banaraswala is a Delhi-based food brand serving Banarasi sweets, chaats and meals in kulhads and clay plates under the line Ghat Se Ghar Tak
- It has picked up $2 million in seed money from Prax Impex, to be spent on new outlets, fresh menu items and a bigger franchise network
- The brand runs three Delhi outlets today and wants 50 across Rajasthan, Uttar Pradesh, Delhi NCR and smaller cities by March 2027
What happened
- Banaraswala raised $2 million in a seed round.
- Prax Impex was the sole investor named.
- Money goes to new outlets and menu development.
- It will also grow its franchise network.
- It plans outlets in Banswara, Sarangpur, Farrukhabad and Fatehpur.
Why it matters
- The target is 50 outlets by March 2027.
- Expansion mixes company-owned and franchise stores.
- Focus is on Tier 2 markets.
The business
- Banarasi food brand with the tagline Ghat Se Ghar Tak.
- Serves sweets, chaats and full meals.
- Uses kulhads, pattal and clay in dining.
- Runs three outlets in Delhi.
- Also sells on food delivery apps.
The founders
VM
Vibhanshu Mishra
FounderWho put in money
- Prax Impex Private Limited Investor
In numbers
3Outlets today · 2026
50Outlet target · 2027
What happens next
- Open outlets in Rajasthan, Gujarat and Uttar Pradesh.
- Build team and processes.
Earlier rounds
- Seed: $2M from Prax Impex
Words to know
- Franchise
- A model where outside partners run outlets under the brand's name.
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