Foodlink, the market leader of the luxury catering and banqueting space in India and UAE, has raised $8 million in its Series B funding round led by Arpit Khandelwal, Managing Partner, Plutus Wealth Management.

It will use these funds to expand its flagship business of luxury catering across newer geographies overseas, to take its luxury banquet brand called JADE Luxury Banquets to newer destinations, and to scale its casual dining restaurant business through its brands India Bistro, China Bistro & Art of Dum in UAE and India.

The company has so far raised $23 million including the current round. It received $15 million as part of its Series A round from OAKS Asset Management in 2017.

Announcing the funding round, Mr Sanjay Vazirani, founder of Foodlink said, “Our current revenue run rate for FY22 is INR 100 crore and we expect it to be around INR 300 crore by the end of FY23-24. Foodlink plans to leverage technology in a big way to support its growth across geographies. We have come a long way in organising an otherwise fragmented industry, and we plan to take our management of sales pipeline, quality audits, infrastructure management & resource allocation to the next level of maturity post this round of funding. We are delighted to have Plutus on board and backing us for this next exciting phase of the Foodlink journey along with OAKS Asset Management who has been a valuable partner over the last few years.”