2022
Bengaluru (India)
Seed
Dil Foods is a pioneering virtual restaurant operator and food services platform focused on empowering India’s small and medium-sized restaurants through technology, brand creation, and supply chain innovation. The company operates at the intersection of foodtech and the restaurant industry, specializing in the development and management of virtual brands (cloud kitchens) that leverage underutilized kitchen infrastructure across urban India. By standardizing recipes, packaging and supply chain logistics, Dil Foods ensures consistent quality and taste, while its technology platform connects kitchens to online delivery channels, optimizing utilization and profitability.
Virtual Brands Portfolio: Eight cloud brands, including Dil Punjabi, Bihari Bowl, Khichdi Bar, The Chaat Cult, Bhole ke Chole, House of Andhra, Aahar and Chahwa, each catering to specific regional and daily meal requirements.
Brand Licensing and Training: Partners receive access to Dil Foods’ brands, standardized recipes, ingredient kits and operational training, enabling them to fulfill delivery orders with minimal additional investment.
Supply Chain and Quality Control: Dil Foods manages ingredient sourcing, packaging, and last-mile logistics, with a focus on recipe standardization (currently 68% of dishes) and rigorous quality assurance.
Technology Platform: An integrated digital system for order management, menu optimization and real-time analytics, supporting partners in maximizing kitchen utilization and revenue.
Additional Services: Training programs, marketing support and a revenue calculator tool to help partners estimate and optimize their earnings.
Revenue from Meal Sales: The primary source is a revenue share on each meal sold through partner restaurants, typically via delivery platforms such as Swiggy and Zomato.
Subscription and Licensing Fees: Some partners pay fixed or variable fees for access to Dil Foods’ brand portfolio, training and technology.
Direct-to-Consumer Sales: Meals are also sold via Dil Foods’ own website and app, with subscription-based meal plans available for regular customers.
Catering and Corporate Orders: The company provides bulk catering services for events and offices, adding a supplementary revenue stream.
Commission from Third-Party Platforms: Dil Foods earns commissions on sales generated through external food delivery aggregators.
Merchandise and Branded Products: Sales of branded packaged foods and merchandise contribute marginally to overall revenue.
Restaurant Partners: Dil Foods collaborates with over 65 independent restaurants and food businesses across Bengaluru, Hyderabad and other metros, enabling them to operate virtual brands and boost their earnings.
Marquee Partnerships: Notable collaborations include Dil Punjabi, Bhole ke Chole, House of Andhra and The Chaat Cult, with partners reporting significant increases in order volumes and profitability.
Strategic Investors: V3 Ventures, Mount Judi Ventures and high-profile angels such as Revant Bhate and Arjun Vaidya have backed Dil Foods, providing both capital and industry expertise.
Geographic Expansion: Plans are underway to enter new markets such as Chennai, Pune, Mumbai, and Delhi NCR, with a goal of scaling to 200+ outlets and launching six new brands in FY26.
Product and Brand Diversification: Continued development of new virtual brands targeting varied regional cuisines and dietary preferences, alongside menu innovation and seasonal offerings.
Supply Chain and Tech Investments: Ongoing investment in data analytics, supply chain standardization and R&D to enhance operational efficiency and customer experience.
Sustainability and Quality: Embracing eco-friendly packaging, reducing food waste, and sourcing ingredients locally to align with consumer trends and regulatory expectations.
$2.55Million
4
$2 Million, Pre series A
as of July 27, 2023
$9 Million
as of January 29, 2024
3.5
as of January 29, 2024
V3 ventures
and 2 more93
Ghost Kitchens
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
July 27, 2023 | Pre series A | $2 Million | $1.8Million | - | - | V3 Ventures, Mount Judi Ventures |
September 22, 2022 | Seed | $50.2 K | $413 K | - | - | - |