Table 13

Publicized cloud kitchen players in India

Name of operatorYear of foundingMarket valueLocation/ HQRemarks
Zomato2008$ 5.43 Billion (2021)GurgaonLaunched Zomato Infrastructure Services (ZIS) in 2016 to help build cloud kitchens for use by multiple restaurants. This venture was closed in 2020. It is now investing in other cloud kitchen start-ups like Loyal Hospitality of Bengaluru. Also tied-up with major star hotels and fine dine restaurants across India during pandemic for food delivery
Rebel foods2011Approx. $ 800 million (2020)MumbaiCommenced operations as a restaurant in 2011. Converted into a cloud-only model by 2016. 350 kitchens across 35 cities in India as on Mar 2021. 11 brands in total including Behrouz Biryani, Oven story, Mandarin Oak, Lunch Box, the good Bowl, Sweet Truth, Firangi Bake, the 500 Calorie Project, Navarasam, Slay. Planning to offer IPO by end of 2022 and targeting Billion dollar valuation. Largest player in India by size, market value, brands and reach. Franchisee model launched for expansion. Deal signed with American Giant Wendy's in 2020 to open 250+ cloud kitchens across India
Box 82012$ 55.5 million (2020)MumbaiOperates in 4 major cities: Mumbai, Pune, Bangalore and Gurgaon. Delivers close to 660K meals from 100 outlets monthly. Also owns the Pizza brand Mojo Pizza
FreshMenu2014$ 53 million (2020)BengaluruInternet-first restaurant mainly focused on Bengaluru's cosmopolitan market. Last major round of funding was 2019. 5 kitchens closed in 2020. Company reported a slow-down in 2021 with fresh investments drying up
Swiggy2014$ 4.46 Billion (2021)BengaluruCloud kitchen business started in 2017 as Swiggy access in limited format. Hundreds of outlets opened and 200+ cloud kitchen brands created. Many shut down due to pandemic. Tied-up with most fine-dine restaurants and five-star hotels across India for delivery during pandemic. Unicorn company
Biryani-by-Kilo2015$ 20 million (2020)GurgaonSells biryani by weight, including chicken and mutton. Last major funding in August 2020. Operates 48 outlets from 25 cities
Inner chef2015$ 30 million (2020)GurgaonProvides food services in Gurgaon, Noida, Delhi, Mumbai, Bengaluru and Hyderabad
Petoo2015$ 1.69 million (2019)BengaluruStruggling with seeding in recent years. Last major funding was in 2016. Had 31 franchisees with presence in 12 cities across 7 states at a time. Now, it is mainly based out of Karnataka and has an outlet in Chennai
Cure-Fit2016$ 399 million (2020)BengaluruLast major funding received in 2019. Offers entire gamut of fitness, diet, training and nutrition. Food is offered under its sub-brand EatFit. Outlets in 6 cities
Ghost kitchens2019$ 3 million (2019)MumbaiCloud kitchen incubator. Owns over 18 brands spread across desserts, biryani, south Indian food, snacks, Chinese, ethnic Indian and pizza
Ola foods2019No data available. Subsidiary of OlaBengaluruNetwork of 40 cloud kitchens across 6 cities. Major brands include: The Biryani Experiment, Khichdi Experiment, Paratha Experiment, the daily diner, Bowl some, that Pizza Place, Nashta Express and Glupp

Source(s): Compiled by author from multiple sources and Tracxn (2021) 

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