Funding · Commerce & Consumer Brands

Dil Foods raises ₹72 crore in Series B funding led by Bikaji

What they do

Dil Foods operates virtual food brands through partner restaurants with spare capacity

The company raised ₹72 Cr in Series B led by Bikaji Family Office to expand operations

Revenue grew 180.5% to ₹89.6 Cr as the firm targets 600 locations by FY28

Dil Foods has closed a ₹72 Cr Series B funding round.
The investment was led by Bikaji Foods Family Office.
Existing investors V3 Ventures, MJV Ventures, and Alteria Capital participated in the deal.
This raise brings the company's total capital raised to approximately ₹113 Cr.
Funds will support expansion into more Tier I and II cities across India.
The company aims to launch additional regional cuisine brands using its existing infrastructure.
Dil Foods plans to reach 600 operational locations by fiscal year 2028.
The company reported significant revenue growth alongside its recent funding milestone.

The Indian food delivery market is projected to reach $59 Bn by 2030.
Dil Foods competes with major players like Rebel Foods and Curefoods.
The model leverages underutilized capacity in existing local restaurants for efficiency.

Dil Foods operates as a virtual restaurant operator and cloud kitchen enabler.
It partners with local restaurants that have spare cooking capacity.
The company provides supplies, handles marketing, logistics, and manages commissions.
Brands cook via platforms like Swiggy and Zomato under Dil's umbrella.
It utilizes a centralised sourcing model with standardised processes.
A one lakh sq ft central kitchen supports operations in Bengaluru.
The firm currently operates nine distinct food brands.
These include names like Khichdi Bar, Bihari Bowl, and Junglee Kitchen.
Operations cover six major cities including Mumbai, Delhi, and Chennai.

Bikaji Foods Family Office (lead) — Family office associated with Bikaji Foods, a major snack manufacturer.
V3 Ventures (co-lead) — Venture capital firm founded by Arjun Vaidya.
MJV Ventures (participant) — Venture capital firm investing in early-stage startups.
Alteria Capital (participant) — Investment firm focusing on consumer and technology sectors.

Product: Cloud kitchen and virtual restaurant enabling platform with supply chain, technology, and delivery integration
Customers: Existing restaurants seeking to operate multiple branded virtual concepts with reduced risk
How it makes money: Revenue-sharing model with partner restaurants for virtual brand operations