Dubai-based basic kitchen cast Sweetheart Kitchen has aloft €15m in Series C funding.
The annular was backed by cardinal investors and led by Sweetheart Kitchen CEO Peter Schatzberg. The new funds add to the €21m aloft in the antecedent round.
The funds will be acclimated to aggrandize its accepted 30 brands with the barrage of bristles added concepts. Sweetheart Kitchen additionally affairs to aggrandize its arrangement of kitchens to 12 in the UAE and seven units in Kuwait by Q1, 2021. Further amplification into Saudi Arabia is in the activity by the additional bisected of 2021. The aggregation afresh launched its fourth kitchen in the Raffa breadth of Dubai.
Some of the funds will additionally be acclimated to optimise its aliment commitment accumulation technology.
“We advance best of our allotment into accumulation alternation technology, aliment architecture and hiring talent,” said Schatzberg. “This will abide into 2021, as we are aloof fifteen months old and we are still perfecting our business model. Scaling units is absolutely one important cold for us, but we are additionally advance in streamlining our processes and systems to accomplish profitability.”
Read: UAE association canal chips for salads in the deathwatch of Covid-19: report
Sweetheart kitchen is a delivery-only multi-brand basic kitchen with a portfolio of quick account and fast-food concepts including Wingo, Avocado Bravo, Affordabowls and Training Day. It is amid a growing cardinal of delivery-only aliment businesses that are leveraging data, on-demand carriage infrastructure, and strategically placed kitchens to bear quick account aliment in beneath 20 minutes.
Parent aggregation BySWHK has implemented LEAN arrangement to admeasurement and administer its amount chain, in real-time and remotely, acceptance the aggregation to adviser raw materials, accomplishment dates and bout accumulation with demand.
According to a new address appear by Allied Bazaar Research, the all-around billow (virtual) kitchen bazaar admeasurement was admired at $43.1bn in 2019, and is estimated to ability $71.4bn by 2027 with a CAGR of 12.0 per cent from 2021 to 2027.
8+ Best Picture Kitchen Design Dubai – Kitchen Design Dubai
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