Food tech platform Ghost Kitchens India has raised $5 million in its Series A round, a mix of equity and debt. The round was led by GVFL Limited with participation from NB Ventures, LetsVenture, and Lead Angels.
Existing investors Yuj Ventures, Dholakia Ventures, and actor Rana Daggubati also participated in this round.
According to Ghost Kitchens, the funds will be used to ramp up business operations and foray into retail stores of its existing hero brands and new celebrity brands. Simultaneously, it will also help to upgrade the partner program and increase the footprint of company owned and operated cloud kitchens and QSR stores.
Founded by Karan Tanna, Ghost Kitchens provides cloud kitchen brands built to drive revenue and increase kitchen profits by adding a plug-and-play food delivery concept within existing setups. It helps maximize incremental sales and drive better margins with affordable, low-risk expansion opportunities. It also offers a free tech platform to monitor sales and operational metrics to organically grow orders.
The brand operates through 15 company owned and operated cloud kitchens in Mumbai and Ahmedabad, and 12,00 internet restaurants across 40 cities in India.
The startup plans to be profitable in the next 12-15 months by doubling down on its hero brands and new celebrity brand partnerships
In February 2023, Ghost Kitchens India acquired SpeakBurgers by celebrity Chef Vicky Ratnani and it plans to grow the partnership through 25 offline retail stores in next 18-24 months.
Earlier in 2022, Ghost Kitchens India had acquired a technology company-WTF which helped Ghost Kitchens to create its proprietary technology, helping them to manage their business end-to-end.
