13.1 C
New Delhi
Wednesday, December 11, 2024
HomeTechCloud kitchen firm Kitchens@ merges with Kitchens Centre

Cloud kitchen firm Kitchens@ merges with Kitchens Centre


Mumbai: Cloud kitchen company Kitchens@ has merged with Kitchens Centre, making it one of the biggest players in the space with 1,000 kitchens in around 100 locations across 20 cities.


The terms of the deal were not disclosed.

Kitchens Centre last raised funds in November 2020 and counts US-based early-stage venture capital firm Village Global among its backers.

This is the second big consolidation in the sector this year.

In January, cloud kitchen startup
Curefoods merged with rival Maverix, expanding its presence to 125 kitchens across 12 cities.

India’s first cloud kitchen unicorn,
Rebel Foods, has over 450 kitchens across 70 cities in India.

Discover the stories of your interest



Currently, Kitchens@ has 12 hubs with 350 kitchens in Bengaluru.

It works with several food brands including Domino’s, Subway, Taco Bell, Nando’s, ChicKing, and national chains such as ITC, Mainland China and Barbeque Nation.

Kitchens Centre operates in 45 locations and is expected to go live in another 50 immediately, which will translate to 700 kitchens in 20 cities. Its partners include Mainland China, Wow Momo, Barbeque Nation,
Chaayos and Biryani Blues.

Following the merger, Kitchens@ will operate across Delhi, Mumbai, Pune, Hyderabad, Bengaluru, Chennai, Kolkata, Chandigarh, Jaipur, Ranchi, Indore, Lucknow, and Jamshedpur, enabling more than 150 brands. Together, the company will have 500 employees.

“We have aggressive plans to expand rapidly across India. This merger will enable us to expedite national and international franchisee operations pan-India,” said Junaiz Kizhakkayil, founder and chairman of Kitchens@, in a statement.

Kizhakkayil said that the merged entity will hit $30 million in annualised revenue run rate by June.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.



Source link

- Advertisment -

YOU MAY ALSO LIKE..

Our Archieves