By Sai Keerthi
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Restaurant management software startup Petpooja on Monday raised Rs 137 crore in a new funding round led by growth-stage investment firm Dharana Capital.
The funding round, which was a mix of primary and secondary capital, also saw participation from Ashish Gupta, Co-founder of Helion Ventures; Abhiraj Singh Bhal, Varun Khaitan, Raghav Chandra, Founders of Urban Company; and Mukund Kulashekaran, Chief Business Officer at Urban Company.
The Ahmedabad-based startup will use the funds to improve its product portfolio, accelerate AI-driven automation, and bolster customer support.
“Our partnership with Dharana marks an exciting new chapter for us. This round will help us accelerate product innovation and continue building solutions that help restaurants simplify their operations,” said Parthiv Patel, Co-founder and CEO of Petpooja.
Founded in 2011 by Parthiv and Apurv Patel, Petpooja serves over 100,000 restaurants in India, the Middle East, the US, and Africa, across 140 cities. The firm processes over 7 million orders daily.
The new funding round comes about four years after the company raised its Series B round, a portion of which was raised in 2021 and the remaining in 2023, according to the data website Tracxn. Petpooja was last valued at $73.7 million as of November 2023.
The new funding round has seen the firm’s valuation shoot up by 3.5X, according to a report by Entrackr.
“As India’s food service ecosystem undergoes rapid digitisation, Petpooja has emerged as the core
technology backbone for restaurants. Their resilience and customer-first approach have set them apart,
and we look forward to supporting them in this next chapter of growth,” said Vamsi Duvvuri, Founder and Managing Partner, Dharana Capital.
(Edited by Suman Singh)
