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India-based cloud kitchen startup Kitchens@ has secured $65 million in Series C funding from UK-based growth investment firm Finnest.
Junaiz Kizhakkayil, founder and CEO of Kitchens@, said the funds raised will be used to expand the company’s hybrid model called Dinerium.
Dinerium is a dining experience that blends offline and online elements, bringing a rich selection of premium brands to clients’ tables.
We will introduce a pre-reservation/pre-order system to reduce waiting times.
Dr. Biswanath Patnaik, Founder of Finnest, said: “Kitchens @ India’s cloud food and supply aggregator has played a pivotal role in shaping the landscape of the kitchen segment and has emerged as a major player in the sector.
“Our confidence in the future of this venture is unwavering, thanks to the astute leadership of our Founder and CEO Junais Kizackair. Especially with our strategic partnerships with leading companies such as Swiggy and Beenext, we are confident that we will continue to grow in the coming years. We expect a significant turnaround in business.”
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Finnest is led by entrepreneurs Dr. Biswanath Patnaik and Arun Kar.
The company has invested in a variety of sectors including renewable energy, electric and hydrogen vehicles, hotels and hospitality, and more.
Swiggy was a lead 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 allows restaurant partners to set up kitchen spaces in areas where they are not operational.
Kitchens@ currently has a network of 700 kitchens across 45 locations across 6 cities in India.
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