Ahmedabad-based restaurant software company Petpooja has raised Rs 137 crore ($15.5 million) in its Series C funding round, marking its first major fundraise in four years. The round was led by Dharana Capital with participation from Ashish Gupta, co-founder of Helion Ventures, along with Urban Company’s Abhiraj Singh Bhal and Varun Khaitan.
Regulatory filings show Dharana Capital contributed Rs 82 crore while Gupta added Rs 1 crore. The balance is expected to be disbursed in subsequent tranches. Industry tracker Entrackr estimates that the infusion values Petpooja at around Rs 910 crore ($103 million), reflecting a 3.5 times jump from its previous round. Once the remaining funds are allocated, the post-money valuation could shift further.
Founded in 2011, Petpooja began as a food delivery venture before pivoting into software-as-a-service. Today, it offers billing and management solutions for small and mid-sized food service businesses, positioning itself as a backbone technology for restaurants. The company claims to serve more than 100,000 outlets across India, the UAE, and South Africa. It also powers an estimated quarter of the online orders processed through Zomato and Swiggy.
The company said the new capital will be channelled into product development, AI-driven automation, and expanding customer support infrastructure. Petpooja’s financial trajectory has shown momentum, with revenue rising 43 percent year-on-year to Rs 76 crore in FY24. Losses also narrowed to Rs 13.4 crore, signaling a move toward greater operational efficiency.
So far, Petpooja has raised about Rs 185 crore across rounds. With this latest round, Dharana Capital will hold an 18.62 percent stake on a fully diluted basis, giving the investor significant weight in shaping the company’s next phase of growth.
