Ghost Kitchens India, a food tech platform, has raised $5 million from GVFL Limited, NB Ventures, LetsVenture, and Lead Angels

Ghost Kitchens India, a food tech platform, has successfully raised $5 million in its Series A funding round, comprising a blend of equity and debt financing. GVFL Limited led the funding round, with NB Ventures, LetsVenture, and Lead Angels participating. 

 

Previous investors Yuj Ventures, Dholakia Ventures, and actor Rana Daggubati contributed to this funding round.

 

According to Ghost Kitchens, they will use the funds to scale up business operations and venture into retail stores for its existing hero brands and new celebrity-endorsed brands.

 

Concurrently, the investment will facilitate enhancements to the partner program and expansion of the company’s footprint through owned and operated cloud kitchens and quick-service restaurant (QSR) outlets.

 

Founded by Karan Tanna, Ghost Kitchens specializes in providing cloud kitchen brands designed to enhance revenue and boost kitchen profits by introducing a plug-and-play food delivery concept into existing setups. 

 

This approach maximizes incremental sales and improves margins while offering affordable, low-risk expansion opportunities. Moreover, Ghost Kitchens offers a complimentary tech platform to monitor sales and operational metrics, facilitating organic growth in orders.

 

The brand presently operates through 15 company-owned and operated cloud kitchens in Mumbai and Ahmedabad, along with 1,200 internet restaurants spanning 40 cities in India.

 

With plans to achieve profitability within the next 12-15 months, Ghost Kitchens intends to focus on strengthening its existing hero brands and forging new partnerships with celebrity-endorsed brands.

 

In February 2023, Ghost Kitchens India acquired SpeakBurgers, a venture by celebrity Chef Vicky Ratnani, with plans to expand this partnership by establishing 25 offline retail stores in the next 18-24 months.

 

Earlier in 2022, Ghost Kitchens India had also acquired a technology company, WTF, which played a pivotal role in developing its proprietary technology, enabling comprehensive management of its business processes from end to end.