- India’s Kitchens@ raised $65 million to expand its hybrid online ordering and premium dine-in concept.
- The funding will also finance acquisitions of major restaurant brands after an unexpected deal making food delivery firm Swiggy.
- With the capital injection, Kitchens@ can become India’s top cloud kitchen operator modernizing dining experiences.
India-based cloud kitchen provider Kitchens@ has secured $65 million in Series C financing led by London investment firm Finnest.
Boosting A Hybrid Model
Kitchens@ supports food chains like Domino’s, Subway, and Taco Bell with infrastructure, tech, and operations across 700 kitchens in 6 Indian cities.
The new capital will fuel the expansion of Dinerium, Kitchens@’s hybrid online ordering, and premium dine-in concept to reduce customer wait times.
.webp)
Unexpected Acquisition of Swiggy Kitchen’s
The company also plans to roll up acquisitions of established restaurant brands to extend its footprint.
Kitchens@ recently acquired Swiggy’s cloud kitchen operations in a share swap deal that made the food delivery firm a stakeholder.
The Dominant Cloud Kitchen Player
Combined with Swiggy Access Kitchens, Kitchens@ now tallies a $65 million Gross Merchandise Value and aims to push that figure to $100 million by September 2023.
With its fresh funding, Kitchens@ is positioned to become India’s dominant cloud kitchen operator as it modernizes dine-in experiences and snaps up recognized brands.
