Dil Foods Raises ₹72 Cr Series B Funding for Expansion

Virtual restaurant operator Dil Foods has secured ₹72 crore (approximately $7.7 million) in its Series B funding round. The investment was led by Bikaji Foods Family Office, with participation from V3 Ventures, MJV Ventures, and Alteria Capital.

The capital infusion is earmarked for expanding Dil Foods’ geographical reach into Tier I and Tier II cities across India, introducing a wider range of regional cuisines, and bolstering its back-end production and supply chain infrastructure.

Founded in 2022 by Arpita Aditi, Dil Foods currently operates nine brands, including Khichdi Bar, Bihari Bowl, and House of Andhra. The company partners with existing restaurants, leveraging their spare capacity to prepare and deliver food under Dil Foods’ brands via food delivery platforms such as Swiggy and Zomato. This model allows restaurant partners to generate additional revenue while Dil Foods manages operational costs like commissions, marketing, and logistics.

Dil Foods has established a presence in 340 pincodes nationwide and aims to extend this to 600 locations by FY28. The startup has onboarded over 200 restaurant partners across six major cities, including Hyderabad, Bengaluru, Chennai, Pune, Mumbai, and Ahmedabad.

With this latest funding, Dil Foods has raised over ₹113 crore (about $13.6 million) to date. The company previously raised $2 million in its pre-Series A round in 2023. Dil Foods operates in a competitive landscape that includes players like EatClub, Rebel Foods, and Curefoods.

This funding round underscores the continued growth and investment potential within India’s food delivery ecosystem, driven by increasing disposable incomes, internet penetration, and consumer demand for convenience. The Indian food delivery market is projected to reach $59 billion by 2030.