India-based cloud kitchen start-up Kitchens@ has secured a funding of $65m in its Series C round from Finnest, a UK-based growth investment firm.
Kitchens@ founder and CEO Junaiz Kizhakkayil stated that the raised funds will be used to expand the company’s hybrid model, called Dinerium.
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Dinerium is a dining experience that merges offline and online components, bringing a large selection of premium brands right at clients’ tables.
It will provide advance booking and pre-ordering systems, thereby reducing the wait time.
Finnest founder Dr Biswanath Patnaik said: “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.
“Our confidence in the future of this venture is unwavering, thanks to the astute leadership of our founder and CEO, Junaiz Kizhakkayil. Anticipating a substantial business turnaround in the coming years, especially with strategic partnerships in place with major entities like Swiggy and Beenext.”
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By GlobalDataFinnest is led by entrepreneurs Dr Biswanath Patnaik and Arun Kar.
The company has invested in diverse sectors, including renewable energy, electrical vehicle-hydrogen automotives, hotels, hospitality, and more.
Swiggy was a major investor in Kitchens@ during its Series B funding round.
Earlier this year, Kitchens@ acquired Swiggy’s cloud kitchen business called Swiggy Access Kitchen.
Swiggy Access enables restaurant partners to set up kitchen spaces in neighbourhoods where they don’t operate.
Kitchens@ currently has a network of 700 kitchens in 45 locations across six cities in India.
