Series B led by Bikaji Foods Family Office to fund expansion, supply chain and food-tech innovation
Dil Foods, a full-stack virtual restaurant enabler platform, has raised Rs 72 crore in its Series B funding round, as it looks to accelerate growth, expand into new markets and strengthen its supply chain capabilities.
The round was led by the Bikaji Foods Family Office, with participation from existing investors V3 Ventures, MJV Ventures and Alteria Capital, all of whom increased their stakes. The latest infusion takes the company’s total funding to Rs 113 crore to date, including earlier seed and Series A rounds.
Founded to enable small and mid-sized restaurants to scale digitally, Dil Foods operates a portfolio of virtual brands focused on regional Indian cuisine. The company currently runs 10 brands across six cities, covering over 340 pin codes, and has onboarded more than 300 restaurant partners.
Speaking on the development, Arpita Aditi said the fresh capital will be used to expand the company’s footprint and deepen its backend infrastructure. The company aims to scale to 600 locations by FY28 and achieve an annualised revenue of Rs 500 crore, while continuing to invest in central kitchens and supply chain optimisation.
Since its last fundraise, Dil Foods has significantly expanded its presence, launched new cuisine-led brands and diversified its menu offerings to align with changing consumer preferences. The company is now entering a new growth phase focused on broader cuisine coverage and tapping high-growth markets.
Investors highlighted the company’s capital-efficient model and differentiated approach within the cloud kitchen segment. Arjun Vaidya noted that Dil Foods has scaled nearly 30 times since its early-stage investment, while maintaining financial discipline. He added that the platform’s focus on regional cuisines reflects a broader shift in Indian consumer tastes.
Echoing this sentiment, Deepak Agarwal said the investment aligns with Bikaji’s focus on promoting authentic Indian flavours, adding that Dil Foods combines culinary authenticity with scalable distribution.
The company’s model leverages existing restaurant infrastructure, enabling partners to operate multiple virtual brands through technology, standardised processes and a centralised supply chain. This approach allows for rapid scaling while maintaining operational efficiency and consistency.
Dil Foods gained early traction after its appearance on Shark Tank India, where it secured backing from prominent investors, further validating its business model.
As India’s food delivery and digital consumption ecosystem continues to evolve, the company is positioning itself at the intersection of food-tech, supply chain innovation and regional cuisine, aiming to redefine how consumers access diverse food experiences at scale.
