# Kitchens@

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kitchens

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.loyalhospitality.in
- Total disclosed funding: $99M
- Latest round: Series C (Dec 22, 2023)
- Investors on record: 7

## About

Kitchens@, operated by Loyal Hospitality Pvt. Ltd., is a leading provider of innovative kitchen solutions in India, facilitating efficient food delivery operations through customized kitchen facilities and high-quality service.Founded in 2015 in Bangalore, India, Loyal Hospitality Pvt. Ltd. specializes in offering state-of-the-art kitchen facilities tailored for food delivery services. The company has executed a total of 8 deals, with its most recent deal occurring on June 27, 2024, when it raised INR 1,335 crore from investor Finnest. The company's founders, Aaron Vithal and Junaiz Kizhakkayil, have a background in hospitality and technology, providing a strong foundation for its operations. Loyal Hospitality has not undergone any significant pivots or changes in business strategy since its inception.Loyal Hospitality Pvt Ltd specializes in providing state-of-the-art kitchen solutions tailored for food delivery services. Their main offerings include fully equipped kitchen facilities designed for high efficiency and operational flexibility, enabling clients to customize the size and resources of their kitchen setups based on specific business needs. These facilities come with high-quality equipment and on-site maintenance, ensuring seamless operations. The company targets high-demand urban areas, with services currently available in six major cities: Delhi, Noida, Gurgaon, Bengaluru, Hyderabad, and Chennai. Their client base primarily consists of food delivery startups and established restaurant brands looking to optimize their delivery capabilities and expand their reach without incurring significant overhead costs.In the most recent fiscal year 2023, Loyal Hospitality Pvt. Ltd. reported a revenue of INR 7,676,284.20. The company's EBITDA for the same year was -INR 521,072.30. The revenue is generated through a business model that includes leasing kitchen spaces and offering additional support services tailored for food delivery operations. Clients enter into partnerships, paying for kitchen access and associated services while leveraging the company's integrated technology platform for order and delivery management. This approach enables clients to reduce capital expenditures while streamlining their operational processes.In June 2024, Kitchens@ raised INR 1,335 crore in venture funding, which will be utilized to enhance their technology platform and expand their operational capacity. Future growth strategies include launching new kitchen products tailored specifically for the evolving food delivery market. The company also plans to expand its geographic footprint, targeting additional urban centers in India to increase its market presence further.

## Funding rounds

- Series C, Dec 22, 2023, $18M — DG Ventures, Trifecta Capital, BEENEXT
- Series C, Dec 21, 2023, $65M — Finnest
- Series B, Oct 16, 2019, $16M — IndigoEdge Management Consultancy, Eternal Limited, SPARX Group, DG Ventures, BEENEXT

## Investors

- IndigoEdge Management Consultancy — Series B
- Eternal Limited — Series B
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series B
- DG Ventures (https://capitalatlas.ai/funds/dg-ventures) — Series B, Series C
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Series B, Series C
- Finnest (https://capitalatlas.ai/funds/finnest) — Series C
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series C