Kitchens@ has embarked on a growth momentum with plans to expand their hybrid cloud kitchen model Dinerium. To fund this plan it has raised $65 Million from a London-based growth investment firm Finnest in a Series C funding. Dinerium facilitates corporate meetings and nutures meaningful connections over meals.
“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. Anticipating a substantial business turnaround in the coming years, especially with strategic partnerships in place with major entities like Swiggy and Beenext,” said Dr Biswanath Patnaik, Chairman and Founder at Finnest.
Finnest’s makes its debut into the food and beverage industry with this latest round of investment led by Arun Suraj, Chief Operating Officer of Finnest.
In the past, Finnest made investments in renewable energy, electric and hydrogen-powered automotives, sports and entertainment, smart cities, hotels and hospitality, and aerospace technologies sectors.
In a statement Kitchens@ stated “It is immensely gratifying to have earned the trust of prominent investors like Finnest. I extend my heartfelt gratitude to the team for believing in our growth strategy,” said Junaiz Kizhakkayil, Founder and CEO of Kitchens@.
Dinerium represents a dining experience that integrates offline and online elements, providing patrons with a diverse selection of premier brands at their tables.”
Kitchens@ expands to 45 new locations
Earlier this year, Kitchens@ acquired Swiggy Access Kitchen, expanding its footprints to 6 major cities and 45 locations, with a total network of 700 kitchens under its umbrella. Swiggy was a major investor during the Series B funding round of Kitchens@.
Finnest, the UK-based growth investment firm, a BNP Group company was founded by Indian-origin entrepreneurs Dr Biswanath Patnaik and Arun Kar (ex military). Specialising in early-stage investments, Finnest supports technology startups in sectors such as banking, healthcare, consumer products, fintech, and renewables.
