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VRO Hospitality Secures $10 Million in Bridge Round

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VRO Hospitality, a rapidly expanding F&B fine dining chain in India, has concluded a $10 million bridge funding round. This funding, comprising both equity and debt components, was spearheaded by Axis Bank, a major private sector bank in India, along with Gruhas, supported by Nikhil Kamath. Notable contributors in this funding cycle encompass NB Ventures, Kunal Shah (Cred) and actress Mouni Roy, among several others.

The injection of $10 million in capital is set to drive VRO Hospitality's objective of expanding its brand presence throughout India and establishing new benchmarks in the fine dining sector, with a primary focus on delivering exceptional guest experiences. These funds will play a vital role in accelerating operational expansion, furthering product development, and solidifying VRO Hospitality's position as a prominent player in the industry.

Dawn Thomas, Co-Founder and CEO of VRO Hospitality, expressed enthusiasm regarding the funding, stating, "We are immensely pleased to have the ongoing support and confidence of our investors as we embark on this transformative journey. This funding round signifies a pivotal moment for VRO Hospitality's, empowering us to intensify our initiatives in reshaping the hospitality landscape through innovation and an unwavering dedication to excellence".

Abhijeet Pai, from Gruhas, commented on the investment, saying, “Post-Covid the hospitality sector has witnessed an exponential growth and rightfully so VRO Hospitality has expanded across key markets in India. This successful bridge will help VRO Hospitality accelerate growth, expand its reach, and further solidify its position as a reputable brand & disruptor in the dining industry”.