Bengaluru-based cloud kitchen startup Kitchens@ has secured $145 million in fresh funding from London-based private equity firm Finnest.
The board at Kitchens@ has passed a special resolution to issue 40,00,000 equity shares at Rs 3,000 each to raise the aforementioned amount, Entrackr reported citing the company’s filing sourced from the Registrar of Companies.
This is Finnest’s second investment into the company in the past six months. Finnest had pumped in $65 million into Kitchens@ in December last year. With the latest investment, Finnest’s holding in the company has increased to 53.75%, the report said.
Founded in 2018, Kitchens@ provides services like ready-made kitchen setup, as well as supply chain and hiring support to cloud kitchens. It works with multiple food brands including Domino’s, Subway, Taco Bell, Nando’s, ChicKing, and national chains such as ITC, Mainland China, and Barbeque Nation.
Last year, Kitchens@ acquired Swiggy Access Kitchen, and expanded its footprint to six major cities and 45 locations, boasting a network of 700 kitchens.
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