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Kitchens@ Secures $65M Series C Led by Finnest to Expand Dinerium Hybrid Model

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Bengaluru-centered cloud kitchen startup Kitchens@ has successfully raised $65 million in Series C funding from Finnest, a growth investment firm based in London. Dr. Biswanath Patnaik, Finnest's Chairman and Founder, emphasized Kitchens@'s influential position in molding India's cloud kitchen industry. He particularly highlighted the company's strategic collaborations with entities such as Swiggy and Beenext, envisioning substantial future business expansion for Kitchens@.

Arun Suraj, serving as Finnest's Chief Operating Officer, spearheaded the investment round, marking the firm's debut in the food and beverage industry. Previously, Finnest has diversified its investments across multiple sectors such as renewable energy, electric and hydrogen-powered vehicles, sports and entertainment, smart urban development, hospitality, hotels, and aerospace technologies. Junaiz Kizhakkayil, the Founder and CEO of Kitchens@, expressed gratitude for garnering the confidence of investors like Finnest, highlighting their trust in the company's growth strategy.

The recently acquired funding will be deployed to expand Kitchens@'s hybrid model, Dinerium, which combines offline and online components to provide customers with a diverse array of premium brands at their tables. This model aims to facilitate corporate gatherings and foster meaningful connections through shared meals, as per a company statement. Earlier this year, Kitchens@ acquired Swiggy Access Kitchen, broadening its footprint to encompass six major cities and 45 locations, establishing a comprehensive network of 700 kitchens. Notably, Swiggy played a significant role as an investor during Kitchens@'s Series B funding round. Finnest, a BNP Group Company, specializes in early-stage investments and offers support to technology startups across sectors including banking, healthcare, consumer goods, fintech, and renewable energy. Founded by Indian-origin entrepreneurs Dr. Biswanath Patnaik and Arun Kar, Finnest holds a focus on fostering emerging businesses.