I am sure the bet here is not that BBK will become a billion dollar company. Or will it?
After years of deep RnD and eating biryani everyday by kilos, they have created a solid moat in the biryani recipe /s
BBK raises Series C? That’s crazy.
If Biryani can't show growth potential then what else can?! Go BBK!
Woah That is huge
They have actually good biryanis
I think this speaks a lot about the general Indian consumer psychology. We as a population are still light years away from understanding quality in food and will still value quantity. Unsurprising to see the founders, given their past backgrounds, taking a bet in this. Really smart idea.
BBK is not quality? Sorry I have never tried them
But yes I do agree. Fine dine in India is not doing too well while massy food is the only one that does well
To be fair, I haven't tried it either and in fact I am definitely ordering this on weekend. Also even if it's decent in quality, look at their name and strategy, their positioning by having ' by Kilo' tag shows what they are trying to promote.
These are not low quality investors. AlphaWave is serious. The BBK founder is ex Private Equity investor himself. LSE grad.
Serious at finding bad investments 😜
Indian investors h. Inko har deal new billion dollar outcome nhi chaiye hota. That’s a us ka requirement. They are fine with lower returns too.
Can anyone here tell me what exactly went wrong with Dunzo... I was working on a case study related to the same... Would certainly help me a lot
The network and expertise works in favour too, but I admire how persuasive the founders would be to convince for such an amount.
Too many instances of global funds entering India. This will be interesting. The big existing ones (Peak, LSIP, Accel, Elevation) will be forced to deploy because the new ones will have a lot more appetite.
General Catalyst investing ...
