Nyca Partners Backs Loop With $14 Mn for Restaurant AI Expansion

New Delhi: Enterprise AI platform Loop has raised $14 million (over INR 126 crore) in a Series A funding round led by Nyca Partners, with participation from a mix of prominent angels and venture funds including Gokul Rajaram, Base10, Afore Capital, Converge, Alumni Ventures, Data Tech Fund, John Pepper, 9Yards Capital, and Operators Studio.

The company plans to deploy the fresh capital toward expanding its AI product portfolio and strengthening its team as it accelerates growth in global markets.

Founded in 2022 by Anand Tumuluru, Sundar Annamalai, and Vinod Pachipulusu, Loop builds AI-powered agents designed to automate back-office operations for food and retail brands. Its solutions are tailored for restaurant businesses, helping operators analyze delivery trends, customer behavior, and ordering patterns to drive profitability and operational efficiency.

“Delivery has effectively become the new drive-through,” said CEO Anand Tumuluru, noting that shifting consumer preferences toward takeout and delivery are reshaping the restaurant industry. Loop’s mission, he added, is to help operators turn delivery into a more profitable channel.

Primarily operating in the US, Loop claims its platform is used by over 3,000 restaurants, including franchises and brands such as McDonald’s, Koyo Ramen, Whataburger, and Cowboy Chicken. The startup says it has recorded 6X growth since launch and currently partners with more than 300 restaurants worldwide.