KAAS startup Speed Kitchen raises Seed round led by Inflection Point Ventures with participation from other HNIs & angel investors.
The funds will be used for expansion and increasing the footprint pan-India and hiring a team that could accelerate the expansion. Speed Kitchen’s vision is to expand the value chain and become an infrastructure service provider for all F&B needs, the statement said.
Speed Kitchen was founded in 2021 by Paurav Rastogi (CEO) and founding partner Shamin Kapoor. Paurav is a seasoned growth leader with over 10 years of Proptech and Hospitality expertise with first-hand experience in managing and conceptualizing real estate projects. Shamin is a sales and marketing professional with over 5 years of experience in working and building tech startups and a keen interest in the F&B and real estate industry.
Madhukar Bhardwaj, Senior Vice President, Inflection Point Ventures, says, “Over the years cloud kitchen has witnessed a significant rise especially post-COVID. While the brand’s cost is significantly reduced with the cloud kitchen concept it still has to consider multiple factors like kitchen setup, maintenance services, location and much more. Keeping this in mind Speed Kitchen has developed a unique commercial shared kitchen concept which will further reduce the cost to run a kitchen. Additionally, it aims to provide new cloud-kitchen startups, entrepreneurs, and restaurant chains with shared space which is a fully equipped, licensed kitchen at a prime location with end-to-end maintenance services. Thus, enabling brands to focus on their business and expand faster to newer markets.
Paurav Rastogi, Founder, Speed Kitchen says, “One of the most enlightening experiences, got to learn a lot about the start-up world, processes and network with some great minds. 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+ locations and cross 200+ operational kitchens by the end of FY 23-24.”
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