The Syndicate Fund and angel investor Sven Hensen, founder and managing partner of business analytics firm mayato. Existing investors Zeroth, a startup accelerator, and Artesian Venture Partners also participated in this funding round.
The Bengaluru-headquartered Barbeque-Nation, which pioneered ‘over the table barbeque’ concept in Indian restaurants, filed its Draft Red Herring Prospectus (DRHP) for its maiden IPO in August 2017.
The financing is expected to fuel growth towards establishing a stronger brand platform and capturing an increased share of the organized snack market in India.
Dibz hopes to be present in 10 cities by the end of October. Apart from expanding to a few more cities in Uttar Pradesh, venturing into another state is also on its to-do list.