An India-based leading powerhouse in the dynamic cloud kitchen industry, Kitchens@, raised USD 65 million in funding. The company announced the financing on December 22, 2023. Finnest, an emerging growth investment firm headquartered in London led the financing for the firm.
Meanwhile, Swiggy played a pivotal role as a major investor in Kitchens@ during the Series B funding round.
Purpose of financing for Kitchens@
With the latest proceeds, Kitchens@ seeks to expand its hybrid model, Dinerium. Dinerium is a transformative dining experience which seamlessly combines offline as well as online elements, offering a diverse selection of premier brands right at patrons’ tables.
What the company’s official has to comment
Junaiz Kizhakkayil (JK), the Founder & CEO of Kitchens@, commented, “Our path over the past few years has been nothing short of remarkable. We’ve encountered numerous challenges but have steadfastly upheld our vision and goals. It is immensely gratifying to have earned the trust of prominent investors like Finnest. I extend my heartfelt gratitude to Dr Biswanath Patnaik, Mr Arun Kar and Mr Arun Suraj for believing in our growth strategy.”
He further added, “The establishment of these brands has been a laborious journey, with dedicated individuals investing their hard-earned resources, time, and unwavering commitment. 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.”
JK continued, “Our restaurant roll-up plan is founded on these 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.”
What the investors have to comment
Dr Biswanath Patnaik, the founder of Finnest, 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, Mr. Junaiz Kizhakkayil. Anticipating a substantial business turnaround in the coming years, especially with strategic partnerships in place with major entities like Swiggy and Beenext.”
About the company
Junaiz Kizhakkayil is the founder of the company. Kitchens@ acquired Swiggy Access Kitchen. It expanded its footprint to six major cities and opened 45 locations, boasting a network of 700 kitchens.
The future is indeed promising for Kitchens@ as they embark on their exciting journey with Finnest’s support.
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