Biryani Blues, a quick service restaurant chain, has raised $5 million in a pre-Series C funding round led by Yugadi Capital, Carpediem Capital’s new fund at a valuation of $30 million.
The funds raised will be used to open over 100 new outlets over the next three years, enhance human capital across functions, and upgrade operations and logistics.
Founded in 2013 by Aparna Andrews and Raymond Andrews, Biryani Blues is a QSR chain dedicated to biryani that operates under Thea Kitchen.
The brand currently runs 68 outlets across North India and Bengaluru.
Biryani Blues operates three formats: Express stores focused on delivery with minimal seating, cloud kitchens, and food courts in malls, airports and railway stations. It serves both dine-in and delivery customers through an omnichannel model and claims to handle over two lakh monthly orders. Seventy percent of the company’s business comes from aggregators such as Zomato, Swiggy, and Magicpin, while the remaining 30% is split between delivery, dining, and takeaway services.
Biryani Blues said it clocked a revenue of $10 million in FY25, and after the latest funding, its valuation has reached $30 million.
Earlier, Biryani Blues raised $5 million in Series B funding from Rebel Foods, the parent company of Faasos and Behrouz Biryani in FY22. It had previously secured $2 million in Series A funding from Carpediem Capital Partners Fund I between FY 2016 and FY 2017.
“We are poised to accelerate our expansion by opening over 100 new brand stores over the next three years. After optimising operations and turning profitable over the past year, the company has set itself distinctly apart from competitors in this space. We believe that the food business is a long-term play, and increasing our lead in North India, before expanding to other regions remains our first priority,” said Aparna and Raymond Andrews, founders of Biryani Blues.
“With this infusion, we reinforce our confidence in management’s ability to scale its decade-long success. We remain committed to supporting Biryani Blues and its strong market potential,” said Arvind Nair, Chairman of Carpediem Capital.
