Foodstories raises Rs 50 crore from Nikhil Kamath to fuel nationwide expansion

MUMBAI: Foodstories is serving up a bigger ambition, and it now has fresh capital on the table to help make it happen. Foodstories has raised Rs 50 crore from investor and entrepreneur Nikhil Kamath, in a funding round that underscores growing investor interest in premium food and lifestyle businesses catering to India’s increasingly discerning consumers.

The round also sees continued backing from the Narotam Sekhsaria Family Office, one of the company’s early supporters. The fresh capital will be used to expand Foodstories’ digital operations, strengthen its delivery network and support the growth of its retail footprint across key markets.

Founded by sisters Ashni Biyani and Avni Biyani, Foodstories positions itself as a curated food lifestyle platform connecting consumers with farmers, producers, chefs, bakers and artisanal food makers. The company’s focus is on offering carefully selected products that emphasise quality, craftsmanship and provenance.

Commenting on the investment, Nikhil Kamath said, “Better food is one of the highest-leverage changes a person can make to how they live. Foodstories is one of the few platforms building the real infrastructure for that. The founders understand both the product and the business they’re building.”

The company already operates stores across Delhi, Bengaluru and Hyderabad. It has now expanded into Mumbai with the launch of a flagship outlet in Bandra, while a second location in Lokhandwala is expected to open shortly.

The founders believe the business is still in the early stages of a much larger opportunity. Speaking about the company’s growth plans, Foodstories co-founder Ashni Biyani said, “We’re building a Rs 1,000 crore business. Curation, experiential retail and a strong digital layer. That combination is what gives us conviction in the scale of what’s possible here.”

While expansion remains a key focus, maintaining product standards remains central to the company’s strategy. Biyani said, “We obsess over quality, craftsmanship and provenance. Growth doesn’t change that.”

As India’s premium food market continues to evolve beyond traditional grocery retail, Foodstories is betting that consumers are increasingly looking not just for products, but for trusted discovery, storytelling and experiences around food. With fresh funding and a growing physical presence, the company is positioning itself to become a leading player in that emerging category.