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Biryani By Kilo raised Series C funding. How do companies like these get venture funding?

I am sure the bet here is not that BBK will become a billion dollar company. Or will it?

Cloud kitchen company Biryani By Kilo [BBK] has raised $9 million or Rs 72 crore in its Series C round led by Alpha Wave Ventures.

https://entrackr.com/2023/12/exclusive-biryani-by-kilo-raises-9-mn-in-a-new-round/

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