The Indian catering and restaurant company has so far raised $23M, including $8M in its latest round of funding.
Indian catering and restaurant company Foodlink has raised $8M in a Series B funding round, which will be used to fuel further expansion of its brands India Bistro, China Bistro & Art of Dum across India and the UAE.
The round was led by Arpit Khandelwal, managing partner, Plutus Wealth Management LLP.
According to a statement, funds will also be used to expand its flagship business of luxury catering across newer geographies overseas and take its luxury banquet brand called JADE Luxury Banquets to newer destinations.
Sanjay Vazirani, Founder of Foodlink, said: “Our current revenue run rate for FY22 is INR100 crore and we expect it to be around INR300 crore by the end of FY23-24. Foodlink plans to leverage technology in a big way to support its growth across geographies.”
The company has started eight new restaurant/cloud kitchen units in Dubai and Sharjah this year. Foodlink has also entered into alliances with Dubai World Trade Centre and various other luxury hotels in the UAE.
