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Banaraswala raises $2 Mn from Prax Impex to grow from 3 Delhi outlets to 50 by March 2027
Our read
Banaraswala will more likely than not open well under 50 outlets by March 2027, with franchise partners driving most openings outside Delhi NCR.
For operators
Banaraswala plans to grow from 3 Delhi outlets to 50 company-owned and franchise outlets across Rajasthan, Uttar Pradesh, Delhi NCR and other Tier 2 markets by March 2027, so regional food operators in those markets should expect a new Banarasi-format rival for sites and franchisees.
Watch
A first outlet outside Delhi opened before March 2027 would mean the 3-to-50 rollout is moving and Tier 2 franchise partners and landlords have a live format to assess.
The report,
Banaraswala raised $2 million in seed funding from Prax Impex Private Limited. The Banarasi food brand has three Delhi outlets and plans 50 outlets, company-owned and franchise, across Rajasthan, Uttar Pradesh, Delhi NCR and other Tier 2 markets by March 2027.
Store and format facts
From the report. Source details below
| Current outlets in Delhi: | three |
|---|
Next on the rollout
- Franchise agreements announced for Rajasthan and Uttar Pradesh
- Outlet count in the next company update compared with the 3 outlets today
- A follow-on equity or debt raise after the $2 million seed
- Sales or footfall figures disclosed for the Delhi outlets
The source
Published
Also reported by Indian Retailer, ET Retail, India Retailing, Restaurant India, BW Disrupt
First seen