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Banaraswala raises $2M in seed funding from Prax Impex to expand its Banarasi food outlets across India and strengthen franchise operations.
Amount Raised
$2 Million
Round Type
Seed
DelhiFood and BeverageHospitalityRetailInvestors
Description
Banaraswala, a traditional Banarasi food brand founded by Vibhanshu Mishra, has secured $2 million in seed funding from Prax Impex Private Limited. The capital will support outlet expansion, new menu development, and franchise network growth across India. The company currently operates three outlets in Delhi and plans to expand to 50 locations across Rajasthan, Uttar Pradesh, Delhi NCR, and other Tier 2 markets by March 2027. Proceeds will also strengthen operations, team capabilities, and processes to support the expansion into new markets.
Fundz sees it the moment Banaraswala raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Banaraswala raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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