Introduction
Speed Kitchen, a startup offering ready-to-use commercial kitchens, secured a ₹2 crore investment on Shark Tank India Season 4. Co-founded by Paurav Rastogi and Shamin Kapoor, the company aims to revolutionize the food industry by providing infrastructure for cloud kitchens.
The Pitch
The founders sought ₹2 crore for a 3% equity stake, valuing the company at ₹66 crore. Their pitch highlighted the growing demand for cloud kitchens and the scalability of their model. Impressed by their vision and execution, sharks Ritesh Agarwal, Azhar Iqubal, and Kunal Bahl invested ₹2 crore for a 6% equity stake.
Business Model
Speed Kitchen offers fully equipped kitchens to food entrepreneurs, reducing the capital expenditure and operational hassles associated with setting up a kitchen. This model enables rapid scaling and flexibility, catering to the dynamic needs of the food delivery market.
Future Plans
With the new investment, Speed Kitchen plans to expand its presence across India, targeting major cities with high demand for food delivery services. The company also aims to integrate technology for better kitchen management and customer service.