Page 2 - Kitchen

Delhi govt to introduce Cloud Kitchen Policy to boost state's economy

Delhi CM introduced a Cloud Kitchen Policy streamlining the licensing procedure and implementing a user-friendly single-window system through a digital platform.

Speed Kitchen raises undisclosed amount in funding led by Inflection Point

Cloud kitchen services provider Speed Kitchen has raised an undisclosed amount in seed funding round led by Inflection Point Ventures with participation from high net-worth individuals and angel investors. The kitchen-as-a-service provider for delivery-focused brands will use the funds for expansion and swell the footprint pan-India. Inflection Point Ventures (IPV) has so far invested over Rs 550 crore across over 170 deals. "We at Speed Kitchen are aiming to become the leading Cloud Kitchen infrastructure in the Indian market, the first step of which is to expand to 20-plus locations and cross 200 operational kitchens by the end of FY23-24," Paurav Rastogi, Founder of Speed Kitchen, said. At a CAGR of 39 per cent, the cloud kitchen industry has been valued at USD 800 million in FY22, which is expected to reach USD 1.9 billion by 2026.

This startup is disrupting the QSR model with AI- & IoT-driven kitchen tech

Set up in a college hostel back in 2014, Mukunda Foods has sold its products to about 6,000 restaurants that make Chinese, South Indian, Mughlai and other genres

Customs duty cut, I-T slab rejig to boost consumer durable stocks: Analysts

With revised customs duty across consumer electronics' manufacturers, analysts believe this measure would reduce costs for manufacturing mobile phones, TV panels, and kitchen chimneys

V-Guard Industries to acquire Sunflame Enterprises for Rs 660 crore

Deal likely to close by mid-Jan 2023, will be funded by mix of internal accruals and debt

Momo brand Prasuma to expand cloud kitchen venture by 200 units by 2025

Company will expand business in Mumbai, Delhi, Bangalore, Chennai, and other major cities

Foodtech startup On2Cook gets Rs 17 cr seed funding at Rs 100 cr valuation

Firm says its cooking appliances help domestic and commercial kitchens

Speciality Restaurants to expand; plans 20-30 cloud kitchens, 6 restaurants

At present, there are about 13 independent cloud kitchens, but the numbers are set to increase

A taste for success: Chef Sanjeev Kapoor on TV, restaurants, business

A trailblazer, Kapoor tells Akshara Srivastava about reinventing himself in the kitchen

Purosis India Begins a New Era of RO Cabinets With Puroaqua

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Curefoods-Maverix merger creates India's second largest cloud kitchen firm

The merger will also take Curefoods' market presence to 125 kitchens across 12 cities catering to over 10 cuisines

Curefoods raises $62 mn, says will continue to acquire major cloud kitchens

Cloud kitchen platform Curefoods on Wednesday said it has raised $62 million and will continue to acquire major cloud kitchen brands across the country.

Centre forms panel to frame community kitchen scheme

The group which will be headed by food secretary of Madhya Pradesh will comprise food secretaries of eight states

Cloud kitchen and its recipe for success in India

Sure you have checked out multiple cloud kitchens that have carved a niche in app-based food delivery platforms. Let's decode the cloud kitchen trend and find out why it is gaining momentum in India

Cloud kitchens' GMV to quintuple to $2-3 billion by 2025: RedSeer

Cloud kitchens have been able to drive customer satisfaction as well

Inside Curefoods: How Ankit Nagori is building a Thrasio of cloud kitchens

Curefoods wants to be a $100-million revenue business by the end of 2022-23

Wonderchef eyes Rs 400 crore revenue in FY22, says MD Ravi Saxena

Kitchenware brand Wonderchef is eyeing 23 per cent growth in revenue at Rs 400 crore in 2021-22 as compared to the previous year due to increase in upgradation of cookware following the pandemic, a top company executive said. "The COVID-19 related disruptions forced many people to enter their kitchen where they found the need to upgrade their cookware. "This increased the demand for Wonderchef products. Looking at the growth momentum, we expect to touch Rs 400 crore revenue in this financial year compared to Rs 325 crore during 2019-20," Wonderchef founder and managing director Ravi Saxena told PTI. With more and more young people entering the kitchen following the pandemic, there was a growth in demand for stylish, modern, healthy and convenient cooking appliances, which will drive the demand and help Wonderchef become a Rs 1,000 crore company in next five years, he said. The company, which manufactures its products through 65 vendors in India as well as overseas, is also targetin

Gautam Gambhir launches community kitchen in Patparganj constituency

East Delhi MP Gautam Gambhir launched his third 'Jan Rasoi' (community kitchen) in his constituency's Patparganj area here on Friday, according to a statement issued by his office

ZFW Hospitality enters Mumbai to scale 15 brands with 50 dark kitchens

ZFW Hospitality, a hyperlocal expansion platform for F & B & D2C brands, is entering Mumbai with over 50 dark kitchens & fulfillment centers for brands to expand in the western region.ZFW, which already partners with leading brands, has established a strong presence in Delhi-NCR with over 35 plus fulfillment centers. This expansion will help the platform scale up to the 100-store mark by August, before its Bangalore launch.Commenting on the development, Madhav Kasturia, Founder of ZFW said, "Mumbai is a very strategic move for us, as it's the third-largest market in India for Food Delivery & Hyperlocal E-commerce after Delhi & Bangalore. Most brands on their expansion trajectory prefer to cover the major metros as their first milestones before scaling to Tier-2s & Tier-3s as these are easy-to-access markets. We've been very selective in choosing the brands we support & currently have several on the waitlist for the Q3 cohort."As part of its ...

TTK Prestige concludes long-term settlement with workers at Gujarat plant

Kitchen appliances maker TTK Prestige on Tuesday said it has concluded a long-term settlement covering all its workmen at the manufacturing unit in Gujarat