Bengaluru-based virtual restaurant operator Dil Foods has raised $2 million in a pre-Series A funding round led by V3 Ventures and Mount Judi Ventures. In addition, Revant Bhate (former Rebel and founder of Mosaic Wellness) and Arjun Vaidya (Founder of Dr. Vaidyas) have also participated.
The funds will support geographical expansion into new cities and empower emerging partner restaurants to flourish. Strategic investments will be made in data analytics and supply chain optimization to drive efficiency and enhance operations, the company said in a press release.
Founded by Arpita Aditi, Dil Foods caters to the varied palates of India by utilizing the underutilized infrastructure of small independent restaurants to provide an authentic culinary experience.
The startup claims to have seen growth with 6 brands and over 40 partner kitchens in one city alone.
Verlinvest-backed V3 Ventures, an early-stage venture capital fund, launched in India in April this year and plans to invest up to $109 million across Europe, the US and India. The fund invests in seed and series A stage startups.
