Dil Foods, a virtual restaurant operator, has successfully secured USD 2 million in a Pre-Series A funding round, with V3 Ventures and Mount Judi Ventures leading the investment. Prior to this, the startup had raised INR 1.5 crore in a seed funding round.
According to Arpita Aditi, CEO and Founder of Dil Foods, the company intends to utilize the raised funds to streamline its supply chain and introduce six new brands during the current fiscal year. Furthermore, the restaurant operator aims to allocate the funds towards improving its supply chain and data analytics capabilities. Additionally, a portion of the investment will be directed towards research and development, aimed at enhancing the overall experience and quality of the products offered by their brands.
Dil Foods, headquartered in Bengaluru, offers a unique opportunity for existing restaurants to generate an additional revenue stream without requiring any upfront investments. The company operates eight distinct food brands and efficiently handles orders through a virtual network of restaurants.
Dil Foods takes charge of creating the food brand, designing the menu, establishing standard recipes, selecting ingredients, and managing packaging and branding. To carry out the cooking and order fulfillment process, the company collaborates with partner restaurants. Orders are received through popular food delivery platforms like Swiggy and Zomato, and the partner restaurants are compensated based on a per-dish arrangement.
At present, Dil Foods has established partnerships with more than 50 restaurants and is experiencing steady month-on-month growth. Geographically, the brand is actively operating in Bangalore and Hyderabad. However, it has ambitious plans to expand its presence into the markets of Chennai, Pune, Mumbai, and NCR (National Capital Region) in the near future.
