A new Cloud Kitchen Consulting venture – NAME SETGO KITCHENS AND CONSULTING has raised a whopping amount of $2M USD pre money. The New Delhi based firm offers various services to enable a fast and efficient turnaround of Cloud Kitchens. The company offers various services, key among them being Plug & Play Cloud Kitches and Kitchen as a Service (KaaS).
“Our company is committed to providing the best solutions for our clients in the F&B Industry where this funding will enable us to continue innovating & delivering top-notch services. We are excited about the opportunities this funding will bring. We look forward to sharing our progress with you”, said Shyamal Suri, Founder and CEO on a Linkedin post.
He continued ”With the increased demand for delivery and takeout, our Plug & Play Kitchens provide an easy and efficient way for food entrepreneurs to start their businesses quickly and affordably. Our cloud kitchen consulting services would also help established restaurants and brands optimise their operations to increase the revenue”. He added, “We want to thank our investors(DAR USA) for their confidence in our vision and our team. We are excited to use this funding to take our business to the next level and make a real impact in the food industry”.
By the end of 2023 and 2024, the cloud kitchens market in India is projected to grow to USD 1 Bn from USD 400 mn in 2019 and reach USD 2 Bn by 2024, according to the India Brand Equity Foundation. Cloud kitchens offer no upfront investments, low operational costs including skilled manpower for food and beverage operators such as Quick Service Restaurants and start-ups in the industry. There are an estimated 3,500 cloud kitchens in India currently of various sizes which cater to a growing number of operators.
The advent of food hailing apps such as Swiggy, Zomato, etc. coupled with the short-term opportunities during the pandemic led lockdown created a whole lot of cloud kitchens across the country. While many of them have perished due to financial viability issues, a few of them have scaled despite odds.
Rebel Foods, which runs brands such as Faasos, Sweet Truth, Oven Story, Behrouz Biriyani, etc, was started in 2011. Fettucine, Biriyani by Kilo, Hoi Foods are among the popular ones currently.
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