cloud kitchen

Ghost Kitchens India, a cloud kitchen startup that operates brands such as Khichdi Paradise, Wakka Makka and Bhayankar Burgers, has raised $5 million in a Series A round of funding led by Gujarat Venture Finance Limited.The latest funding round, which has a mix of Rs 26 crore in equity and Rs 12.5 crore in debt, adds to the Rs 14 crore that the company has raised in the past, founder and CEO Karan Tanna told ET.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB…

Sustained inflation and a pullback in funding for startups could make it challenging for the cloud kitchen segment in India to maintain the pace of revenue growth seen in the past.The earnings reports of the first two quarters of listed restaurant and food companies point to a broader trend of sluggish growth amid macroeconomic headwinds.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School…

Cloud kitchen-focused startup Kitchens@ on Friday said it has raised $65 million (about Rs 540.3 crore) in a funding round led by London-based private equity firm Finnest. The Bengaluru-based firm did not disclose the valuation at which the funding took place, but the entire amount came in primary funding, its chief executive Junaiz Kizhakkayil told ET.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk…

October 2021. India was slowly emerging from a devastating second wave of the Covid-19 pandemic. In Bengaluru, Kiran Prasad was beaming. He was aggressively expanding his cloud-kitchen startup Hygiene BigBite and was just coming out of a $15-million fundraise from marquee investor Falcon Edge (now Alpha Wave Global).His business had grown from six to 50 kitchens spread across four cities in just 10 months and he was looking forward to opening 100 kitchens by 2022. But the virus retreated, restaurants opened their doors,…

Online delivery platform Swiggy has sold its Cloud Kitchen business to Kitchens@, a leading player in the rapidly growing cloud kitchen industry, for an undisclosed sum, as the growth rate for food delivery slows down.The online food aggregator will become a stakeholder in Kitchens@ through the all-equity transaction of Swiggy's Access.Swiggy pioneered the Cloud Kitchen model with the launch of Swiggy Access in 2017.The Swiggy Access programme allows restaurant partners to establish kitchen spaces in neighbourhoods where…

Homegrown cloud-kitchen operator Rebel Foods has acquired the master franchise rights for global fast food chain Wendy’s in India to scale up the latter’s restaurant stores in the country.We have this and more in today’s ETtech Top 5Also in this letter: ■ Musk looking for researchers to rival OpenAI■ Infographic Insight: Google leads the pack in ad revenue■ Cashfree acquires one-click checkout platform ZecpeFaasos parent Rebel Foods to run US fast-food chain Wendy’s in India Wendy’s has struck a deal with Rebel…

Image Source : ZOMATO Zomato Online food aggregator Zomato on Friday announced to crack down on Cloud kitchen operators who are misusing legal loopholes to offer hundreds of food brands from a single, small kitchen. The company said that it is going to manually check any physical location which runs more than 10 brands out of a single location. "While there is no exact…

Zomato, the food delivery and dining app, on Friday said it will carry out physical inspection of cloud kitchens which run more than 10 brands out of a single location in a bid to curb malpractices by operators."While there is no exact science to the right number of brands, we believe that even the most organised outlets in the industry don't see operational benefits and customer trust in operating too many brands from a single kitchen," Zomato said in a blog post.The food aggregator pointed out that in the recent past,…