Kytchens raises funding of Rs 6.5 crore equity from Anicut Capital and other marquee investors
Summary
The fundraising round included notable Angels such as Anand Ladsariya, Bharat Jaisinghani, and Neeraj Goenka, among others.Kytchens will use the funds to establish a strong and agile workforce with the necessary skill sets and skills to drive its expansion in India. In addition, the cloud kitchen service provider plans to extend its reach in Maharashtra, including Mumbai and adjacent cities such as Pune and Nashik, as well as tier 2 markets in South Gujarat.Furthermore, Kytchens will devote resources to demonstrating their capabilities as a strategic partner in facilitating the growth of F&B businesses through a powerful managed cloud kitchen network comprised of strategically positioned Central and Delivery Kytchens. Locally successful companies are unable to grow to fulfil client demand outside of their own area. Simply said, there arent enough fast-food franchises in India that consistently serve high-quality meals that can be consumed at home or at work.Ashvin Chadha, Founding Partner of Anicut Capital stated that Kytchens is well positioned in the Indian F&B sector, with cloud kitchens estimated to be a $2 billion business by 2024. These companies may now attain growth in a sustainable and expedited manner thanks to Kytchens Operating System.