Bengaluru based enterprise AI startup Loop has raised $14 million, about Rs 126 crore, in a Series A round led by Nyca Partners, marking a fresh push to deepen its presence in the global food service technology market. As part of the transaction, Nyca Partners’ investment partner Osama Bedier will join the company’s board, adding operating and fintech experience to the startup’s leadership table.
The funding round also drew backing from a mix of venture funds and well known angel investors, including Gokul Rajaram, Base10, Afore Capital, Converge, Alumni Ventures, Data Tech Fund, John Pepper, 9Yards Capital and Operators Studio. The company said the capital will be used to widen its product portfolio and step up hiring across engineering, product and customer success teams.
Founded in 2022 by Anand Tumuluru, Sundar Annamalai and Vinod Pachipulusu, Loop builds AI driven tools that handle back office work for restaurant and retail brands. Its software is designed around AI agents that track delivery patterns, study customer behaviour and convert that data into operational and pricing insights. The aim is to help operators improve margins at a time when online ordering and delivery are reshaping how restaurants do business.
The company’s main market is the United States, where it works with large chains and regional players. Loop says its customer base includes more than 3,000 restaurants and franchise locations, counting brands such as McDonald’s, Whataburger, Koyo Ramen and Cowboy Chicken among users. Since launch, the startup claims to have grown six times and has expanded to more than 300 restaurant partners across global markets.
The raise comes as enterprise focused AI continues to attract most of the capital flowing into India’s AI sector, especially platforms building application level and agent based solutions. For Loop, the new funding is expected to accelerate product development and support its ambition to become a core operating layer for modern restaurant businesses.
