Potful

Potful

Internet-first restaurant offering on-demand food products

Founded

2017

Headquarters

Bengaluru (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91-9148021803

Potful is a cloud kitchen startup based in Bengaluru, India, specializing in handi biryani, a traditional cooking method using clay pots to enhance aroma and flavor. Founded in 2017 by Lokesh Krishnan, Potful aims to offer authentic biryani from across India.

Key Highlights:

  • Concept: Potful prepares biryani in 'handis' (clay pots), which allows for slow, uniform heat transfer.

  • Menu: The company offers a diverse biryani selection, including Hyderabadi, Kolkata, Lucknowi, and Bengaluru Donne Biryani, totaling 107 items and combos.

  • Operations: Potful operates 25 cloud kitchens across Bengaluru, Hyderabad, and Chennai. Each order is freshly prepared.

  • Sourcing: Spices are sourced from Kerala plantations, while chicken, proteins, and vegetables are sourced locally.

  • Sales Channels: 90% of sales come from Swiggy and Zomato, with additional sales through its app, website, and WhatsApp.

  • Community Impact: Potful supports over 100 potters from Chinnandahalli village near Hoskote, Karnataka, by providing machines to make the handis, which has quadrupled their production.

  • Market: The cloud kitchen segment in India is projected to reach $2.9 billion by 2032.

  • Challenges: The company initially faced challenges due to being a non-restaurant brand.

Lokesh Krishnan, the founder, previously worked with Amul and Metro Cash & Carry. Potful India Pvt. Ltd. was founded in 2017. Potful won the Times Food Award 2021 for Best Biryani brand. Potful projects a revenue of Rs 100 crore for FY25 and plans to raise Rs 50 crore to expand in South and West India. The company aims to be a thousand-crore brand by 2030.

Key People

Lokesh Krishnan

Piyali Sen

Key Metrics

Total Equity Funding

$2.2Million

No. of Funding Rounds

3

Latest Funding Round

$250.0K, Seed

as of December 7, 2022

Post Money Valuation

$16Million

as of N/A

Funding Multiple

5.88

as of N/A

Investors

MTR Foods

Employee Count

72

Similar Companies

Ghost Kitchens

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
December 7, 2022Seed$250.0K$15.0Million$4.0Million3.7x MTR Foods
June 15, 2019Seed$1.2Million$7.3Million$917.0K6.6xMTR Foods
December 27, 2018Seed$314.0K$3.1Million$580.0K4.9x MTR Foods

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