Banaraswala raises $2M seed from Prax Impex
Banarasi food brand Banaraswala has raised $2 million in a seed funding round from Prax Impex Private Limited.
The proceeds will go toward opening more outlets, developing new menu offerings, and growing the company's franchise network across India.
Banaraswala was founded by Vibhanshu Mishra and serves traditional Banarasi food, including sweets, chaats, and meals. It operates under the tagline "Ghat Se Ghar Tak."
The dining experience incorporates elements such as kulhads, pattal, and clay. The brand also sells through major food delivery platforms.
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The company currently operates three outlets across Delhi. It plans to expand into Banswara in Rajasthan, Sarangpur in Gujarat, and Farrukhabad and Fatehpur in Uttar Pradesh.
Banaraswala aims to expand to 50 outlets across Rajasthan, Uttar Pradesh, Delhi NCR and other Tier 2 markets by March 2027. The expansion will include both company-owned and franchise outlets.
The company also plans to strengthen its operations, team and processes as it expands into new markets.
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