South- Indian Veg Restaurant IDC Kitchen Raises INR 1.5 Cr in Debt from Peter Thiel-backed Velocity

Bengaluru-based IDC Kitchen (Idli, Dosa, Coffee), a chain of vegetarian South Indian self-service restaurants has successfully secured INR 1.5 Crore debt from Peter Thiel's Valar Ventures-backed financing platform, Velocity.

The funds raised will be used towards marketing initiatives and other inventory-related expenses, enhancing IDC's outreach and sustaining its commitment to delivering an authentic South Indian culinary experience. 

This strategic collaboration with Velocity reinforces IDC's leadership in the Indian Quick service restaurant (QSR) landscape.

"As we embark on the next phase of our journey, IDC Kitchen signifies more than just a culinary service; it's a transformative culinary journey. With the support of Velocity and the unwavering love of our patrons, we are thrilled to bring the essence of South India to doorsteps across the nation," shared Abhishek Baldota, Director of IDC - Idli Dosa Coffee.

Established in 2012, IDC Kitchen currently has 11 locations in Bengaluru, 2 in Mumbai and 1 in Raichur and INR 30 Crore in revenue per annum, extending the diverse flavours of South India to enthusiasts nationwide.

“At Velocity, we are thrilled to contribute to the growth and success of IDC through our recent funding of INR 1.5 Crore. This partnership opens up new avenues in the dynamic landscape of restaurants and QSR chains, and we believe that IDC's commitment to authenticity and innovation aligns seamlessly with our vision. I am confident that this infusion of funds will not only fuel IDC's brand growth but also set new benchmarks in the restaurant and QSR industry. We look forward to witnessing the continued success of IDC as it persistently redefines the culinary experience for patrons across India,” added Atul Khichariya, COO & Co-Founder of Velocity.