Speed Kitchen Raises Seed Funding Led by Inflection Point Ventures
Speed Kitchen Raises Seed Funding Led by Inflection Point Ventures

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.

“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,” shared Madhukar Bhardwaj, Senior Vice President, Inflection Point Ventures.

Speed Kitchen was founded in 2021 by Paurav Rastogi (CEO) and founding partner Shamin Kapoor.

“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,” added Rastogi.

Speed Kitchen is a one-stop solution to all cloud kitchen needs from finding the ideal location for the culinary operation to building an F&B brand. It also provides brands with low capital expenditure and operating expenses and an easy expansion into new geographies.

In the last 18+ months, the company has expanded across Delhi-NCR, Jaipur, Pune, Bangalore and Mumbai. They have a strong pipeline of brands and kitchen partners and will be focusing on expanding their presence to other Tier 1 and Tier 2 Cities.

At a CAGR of 39%, the Cloud Kitchen industry has been valued at $800 million in FY 22 which is expected to reach $1.9Bn by 2026.

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