GHOST KITCHENS SPEAK BURGERS DEAL
Ghost Kitchens acquires Ahmedabad-based Shy Tiger Brands
Ghost Kitchens expands in Gujarat with Shy Tiger Brands acquisition, adding KBOB's and The Black Chimney. Founder Karan Tanna leads the strategic move, securing funding and acquiring Speak Burgers and technology firm WTF for further growth.
Hunger games: Investors at the table with appetite for food startups
Pizza Wings, Boba Bhai in funding talks as HNIs, angels and other backers show interest
Ghost Kitchens India raises $5 million in funding led by Gujarat Venture Finance
Ghost Kitchens India, a cloud kitchen startup, raised $5 million in a Series A funding round led by Gujarat Venture Finance Limited. The startup operates brands like Khichdi Paradise, Wakka Makka, and Bhayankar Burgers in Mumbai, Ahmedabad, and 40 cities in India.
A Rs 3.5-lakh-crore industry at crossroads: What is the future of plastic in an increasingly climate conscious world?
As the world is looking actively to address the challenges of climate change and pollution, the plastic industry has found itself in quite a predicament as a necessary evil.
Swiggy sells cloud kitchen biz; Feb sees marginal rise in e-scooter sales
Food and grocery delivery major Swiggy has sold its cloud kitchen business Access to Kitchens@ in a share swap deal. This is another move from Swiggy to cut costs and prune its operations.
Food tech platform Ghost Kitchens acquires Speak Burgers brand
Speak Burgers plans to serve from over 200 locations in the next three years through fulfilment partner programmes.
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SoftBank, Ant may sell Paytm shares; Zomato asks for higher commissions, restaurants upset
China’s Ant group and Masayoshi Son-led SoftBank, two of the largest investors in Paytm’s parent One97 Communications, are looking at reducing their holding in the fintech major. This and more in Monday’s edition of the ETtech Morning Dispatch.
Virus pushes Wendy’s to open hundreds of cloud kitchens in India
Wendy’s, with 6,800 restaurants in 30 markets worldwide, followed rival burger chains like McDonald’s Corp. into India, opening its first restaurant in New Delhi in 2015. It plans about 150 physical stores over the next decade, in addition to the cloud kitchen push. Sierra Nevada Restaurants, the chain’s franchise partner, will help with both initiatives.
Non-starters for restaurants: Bar on pubs, dine-in timing curbs
Restaurants and cafes say reopening will not be easy despite the home ministry’s revised guidelines.
Food delivery business expected to slump further as pizza delivery boy tests COVID-19 positive
While many had already bid goodbye to outside food after the lockdown was announced on March 24, there were others who couldn't resist the temptation for a meal from a restaurant at least on a few days.
Behind Amazon’s HQ2 fiasco: Jeff Bezos was jealous of Elon Musk
Then in 2017, an Amazon executive sent around a congratulatory email lauding his team for landing $40 million in government incentives to build a $1.5 billion air hub near Cincinnati. The paltry sum irked Bezos, the people say, and made him even more determined to try something new.
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