If the growing numbers, the greater use of existing ones and advent of new technologies like 5G, and changes in customer behavior and tastes are anything to go by, then the future of Cloud Kitchens is anything but cloudy. After all, a concept built on agility, cost-efficient solutions for the growing demand of delivery and take away, and catering to the needs of the new millennials weaned on fast food, will ensure its continued success, irrespective of a pandemic or not.
Bengaluru headquartered cloud kitchen startup Kitchens@ has acquired Delhi based Kitchens Centre in a share swap deal.
The acquisition will help Bengaluru-based Kitchens@ expand its presence pan-India. The estimated revenue of the combined entity in the first quarter is expected to be $30 million in recurring revenue terms, Junaiz Kizhakkayil, Founder, Kitchens@, said.
-By Your story