VRO Hospitality has raised $10 million to expand its brand across India, expand operations, and accelerate product development as well as establish services in newer territories.
VRO Hospitality owns and runs 40 fine-dining outlets, comprising upscale lounges and restaurants, in Bengaluru, Mumbai, Goa, Kochi, Kolkata, Hyderabad, and Ooty. Its portfolio includes brands such as Badmaash, Mirage, Plan B, Taki Taki, Los Cavos, Cafe Noir, One Night in Bangkok, Tycoons, Hangover, and Nevermind.
The company also runs cloud kitchens such as Burgers and Beyond, Holy Doh Pizzas, Smashed and Whacky Chang.
“Post-Covid the hospitality sector has witnessed an exponential growth and rightfully so. VRO Hospitality has expanded across key markets in India. This successful bridge will help the firm to accelerate growth, expand its reach, and further solidify its position as a reputable brand and disruptor in the dining industry,” said Abhijeet Pai, Co-founder, Gruhas Proptech.
VRO Hospitality Chalks out aggressive growth plans in 2024
The company is on an growth drive, both nationally and internationally, with brands Badmaash, Cafe Noir, and Taki Taki leading the way into new territories, said VRO Hospitality.
VRO Hospitality, was established in Bengaluru in May 2018 by friends Dawn Thomas and Safdhar Adoor and experienced restaurateur Sharath Rice. It offers a culinary experience through physical restaurants and cloud kitchens.
The founders’ other business SteppinOut, an online event and experience curating platform, was bought by Times Internet Limited in early 2021.
The funding bridge round raised through a combination of equity and debt round was led by Axis Bank, Nikhil Kamath-backed Gruhas, and UC Inclusive Credit. It also saw participation from NB Ventures, Kunal Shah of Cred, and actress Mouni Roy.
