Dil Foods raises Rs 72 Cr in Series B round

Dil Foods, a virtual restaurant enabler platform, has raised Rs 72 crore as part of its Series B funding round led by the Bikaji Foods Family office.

This funding round also saw participation from international funds and existing investors: V3 Ventures, MJV Ventures, and Alteria Capital. According to the startup, this brings its total funding to Rs 113 crore to date including the Rs 37.7 crore raised during the Seed and Series A rounds.

Dil Foods will use this capital to diversify its portfolio across cuisines, catering to a wider set of consumer cohorts, and expanding into additional high-growth markets.

Dil Foods partners with local restaurants to help them scale through a combination of technology enablement, standardised operations, and a supply chain layer. So far, the company has onboarded 300 plus restaurant partners and across six cities.

The platform operates multiple cuisine-led cloud brands, each representing distinct regional tastes and culinary identities. Its food-tech-enabled supply chain leverages ready-to-cook formats, centralised sourcing, and standardised processes to ensure consistency, operational efficiency, and scalability across locations.

“Dil Foods has always been built on the idea of creating a sustainable ecosystem in the food industry. This funding will help us double down on that belief and capture a larger share of the consumer’s plate," Dil Foods Founder Arpita Aditi said.

Dil Foods operates 10 regional food brands and is now planning to scale to 600 locations by FY28 to touch an annualised revenue of Rs 500 crore. It has also set up a central kitchen in Bengaluru spanning one lakh square feet.

“We backed Dil Foods three years ago at a very early stage when they were at just 30 locations, and the 30X scale they’ve achieved since then has been remarkable. They are probably the most capital efficient business in the cloud kitchen QSR space in India," Arjun Vaidya, Founder V3 said.