Banaraswala Raises $2 Million in Seed Funding From Prax Impex
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Khushi Jain
- October 16, 2026
Banarasi food brand Banaraswala has raised $2 million in a seed funding round from Prax Impex Private Limited. The company plans to use the funds to expand its outlets, develop new menu offerings and grow its franchise network across India.
Founded by Vibhanshu Mishra, Banaraswala operates under the tagline “Ghat Se Ghar Tak” and serves traditional Banarasi food, including sweets, chaats and meals. The brand incorporates elements such as kulhads, pattal and clay into its dining experience.
Banaraswala’s Expansion Plans
Banaraswala currently operates three outlets across Delhi. The company plans to expand into Banswara in Rajasthan, Sarangpur in Gujarat, and Farrukhabad and Fatehpur in Uttar Pradesh.
In addition to its physical outlets, the brand sells its products through major food delivery platforms.
Banaraswala aims to expand to 50 outlets across Rajasthan, Uttar Pradesh, Delhi NCR and other Tier 2 markets by March 2027. The planned expansion will include both company-owned and franchise outlets.
Focus on Operations and Franchise Network
Alongside expanding its physical presence, Banaraswala plans to strengthen its operations, team and processes as it enters new markets.
The funding will support the company’s plans to develop its menu, increase its outlet network and expand its presence across different markets in India.
FAQs
1. How much funding has Banaraswala raised?
Banaraswala has raised $2 million in a seed funding round.
2. Who invested in Banaraswala’s seed funding round?
Prax Impex Private Limited invested in the round.
3. Who founded Banaraswala?
Banaraswala was founded by Vibhanshu Mishra.
4. How many outlets does Banaraswala currently operate?
The company currently operates three outlets across Delhi.
5. What is Banaraswala’s outlet expansion target?
Banaraswala aims to expand to 50 outlets across Rajasthan, Uttar Pradesh, Delhi NCR and other Tier 2 markets by March 2027.
