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Exclusive: Biryani By Kilo raises angel funding

Gurgaon-based food startup Biryani By Kilo has secured angel funding from a clutch of investors, the company's founder Kaushik Roy told VCCircle. The firm will use the fresh funds to set up new kitchens in Delhi NCR and strengthen technology processes. “Currently, we have three operational kitchens in this region. With the new fund raise, we will set up three more outlets, and a part will also be spent on infrastructure and hiring new talent,” Roy added. Biryani By Kilo (BBK), operated by Sky Gate Hospitality Pvt Ltd, was founded by Roy in May 2015, while co-founder Vishal Jindal joined...

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Carpediem Capital Partners Fund I is a $91 million private equity fund managed by Carpediem Capital Partners, with a green shoe option of additional $36 million. It provides growth capital to companies operating in India. The firm seeks to invest in consumer products and services, healthcare, consumer finance services, logistics, managed services and education sectors. It typically invests between $2 million to $8 million in its portfolio companies.

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