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Banaraswala is likely to fall short of 50 outlets by March 2027, with franchise openings leading the ramp.
For operators
Banaraswala plans to grow from 3 Delhi outlets to 50 company-owned and franchise outlets across Rajasthan, Uttar Pradesh, Delhi NCR and other Tier 2 markets by March 2027, so regional food operators in those markets should expect a new Banarasi-format rival for sites and franchisees.
Watch
A first outlet outside Delhi opened before March 2027 would mean the 3-to-50 rollout is moving and Tier 2 franchise partners and landlords have a live format to assess.
The report, : Banaraswala raises $2 Mn from Prax Impex to grow from 3 Delhi outlets to 50 by March 2027
Banaraswala raised $2 million in seed funding from Prax Impex Private Limited. The Banarasi food brand has three Delhi outlets and plans 50 outlets, company-owned and franchise, across Rajasthan, Uttar Pradesh, Delhi NCR and other Tier 2 markets by March 2027.
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Store and format facts
From the report. Source details below
| Current outlets in Delhi: | three |
|---|
Next on the rollout
- Franchise agreements announced for Rajasthan and Uttar Pradesh
- Outlet count in the next company update compared with the 3 outlets today
- A follow-on equity or debt raise after the $2 million seed
- Sales or footfall figures disclosed for the Delhi outlets