Benne Raises ₹35 Crore in Pre-Series A Round Led by Claypond Capital; Opens CyberHub Gurugram Outlet
Bengaluru-style dosa QSR brand Benne has raised ₹35 crore in a pre-Series A round led by Claypond Capital and expanded to Gurugram's CyberHub — its fifth outlet and second in the NCR.
Bengaluru-style dosa QSR brand Benne has raised ₹35 crore in a pre-Series A funding round led by Claypond Capital, the family office of Ranjan Pai, and expanded its footprint beyond its home market with a new outlet at CyberHub, Gurugram.
Claypond Capital invested ₹28.75 crore in the round, with participation from AL Trusts, Mukul Agrawal, Madhukeshwar Desai and Cortado Advisory Services. The fundraise valued the company at nearly ₹364 crore post-money. The fresh capital is being deployed towards expanding Benne's operations and supporting its next phase of growth.
From Bengaluru Heritage to NCR High Streets
Founded by the husband-and-wife duo of Akhil Iyer and Shriya Narayan, Benne has built its proposition around Bengaluru-style dosas and a focused South Indian menu, positioning itself in the premium South Indian QSR segment. The CyberHub outlet — soft-launched on September 13 — brings the brand to one of Gurugram's busiest dining and corporate destinations.
| Funding Round | Details |
|---|---|
| Round | Pre-Series A |
| Total raised | ₹35 crore |
| Lead investor | Claypond Capital (₹28.75 crore) |
| Other participants | AL Trusts, Mukul Agrawal, Madhukeshwar Desai, Cortado Advisory Services |
| Post-money valuation | ~₹364 crore |
With the latest opening, Benne operates three outlets in Mumbai, one in Greater Kailash, New Delhi, and the new CyberHub location in Gurugram. The brand's growth trajectory — a fresh institutional round followed by immediate expansion into a new metro — reflects continued investor appetite for focused, regional-cuisine-led QSR formats in India.
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