Cloud kitchen startup Kitchens@ raises $65 million in Series C
Summary
The platform has Dominos, Subway, Taco Bell and Nandos as its top customers. "Our restaurant roll-up plan is founded on (founder-DNA) principles, and I am proud to say that we have established strong alignments with nearly all major brands. This presents a substantial opportunity for us and our investors to create something truly extraordinary," Junaiz Kizhakkayil, founder and chief executive of Kitchens@, said in a statement.Today, we witness several such brands with the potential not only to dominate the Indian market but also to make a significant impact on the global stage. "Kitchens@, which is operated and owned by Loyal Hospitality, had raised $16.2 million (Rs 115 crore) in its Series B round of funding in February 2020. In May that year, the company also secured Rs 20 crore ($2.6 million) in venture debt from Trifecta Capital.Kitchens@ has played a pivotal role in shaping the landscape of the cloud kitchen segment in India, emerging as a key player in the food and supply aggregator sector, said Biswanath Patnaik, who founded Finnest along with Arun Kar.We are anticipating a substantial business turnaround in the coming years, especially with strategic partnerships in place with major entities like Swiggy and Beenext," he added.