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Bikaji Foods promoter Deepak Agarwal’s family office has acquired a 35 percent stake in Wishvish Foods Pvt Ltd, the parent company of Bengaluru-based South Indian restaurant chain The Filter Coffee (TFC). The investment, made in Agarwal’s personal capacity, is separate from the listed entity Bikaji Foods International.
According to a Mint report, the family office invested INR 35 crore in FY24 and an additional INR 10 crore in FY25. A further infusion of up to INR 100 crore is expected over the next two years, subject to the company achieving certain business milestones. The funding is aimed at supporting expansion and strengthening operations.
“Bikaji’s family office is our strategic investment partner, and at this stage, we are not looking to raise capital from external investors,” a spokesperson for Wishvish Foods said. “The partnership has been built with a long-term vision towards scaling the brand thoughtfully while retaining strategic alignment.”
Founded in 2014 by Avinit Bagri and Sanskrit Iyer, The Filter Coffee began as a niche South Indian breakfast brand and has since broadened its menu to include a range of regional dishes, snacks, and desserts. The company has also focused on both dine-in and cloud kitchen formats to cater to changing consumer preferences.
Financial filings show that Wishvish Foods reported an operating revenue of INR 51.4 crore in FY25, up from INR 40.8 crore in the previous fiscal. However, losses widened to INR 5 crore from INR 3.8 crore during the same period, reflecting ongoing investments in expansion and infrastructure.
Following the capital infusion, the company has scaled up significantly, growing from two retail outlets and three cloud kitchens to a total of 10 outlets, including nine physical stores. It is currently tracking revenues of around INR 70 crore in FY26, indicating continued growth momentum.
The company has also invested in backend capabilities, setting up a 40,000 square foot production and supply facility near Bengaluru. This facility is expected to support operations at a much larger scale, with the company claiming it can handle business volumes of up to INR 400 crore.
The Filter Coffee has also expanded its presence on food delivery platforms such as Swiggy and Zomato, benefiting from rising online demand.
This article was originally
published by the 
