Cross Border Kitchens raises angel round; plans to expand its retail presence
By Retail4Growth Team | March 03, 2020
Cross Border Kitchens currently has 3 live kitchens in Delhi NCR and are planning to have a multi-city presence in next 18 months.
Cross Border Kitchens (CBK), a multi-brand, multi-kitchen, multi-format internet-driven F&B company, has raised an angel round led by Shreedhar Gupta. Shreedhar has invested in CBK in his personal capacity and also joins in as a board member.
Currently, CBK service in anywhere between 10-12 thousand orders every month and is on the path to register INR 4 crore in revenue by end of the financial year with 3 live kitchens operational in Delhi NCR.
Shreedhar Gupta comes with over 20 years of experience in setting up, running and expanding various businesses in the start-up and automotive sector. He has signed and successfully managed various joint ventures with multinational companies and is passionate about helping start-ups grow responsibly, the company said in a statement.
On the fundraise Ishita Yashvi, Mayank Singh, Ahsan Qureshi and Mohit Mehta, Co-founders, Cross Border Kitchens said, “We are an Inventive Culinary Community that utilizes technology, culinary art, marketing, and operational excellence to deliver a memorable gourmet experience. Shreedhar comes with a string of successful investments in start-ups. His business acumen will help us scale at an accelerated rate and in achieving our mission to deliver a wholesome food experience at every doorstep at the click of a button.”
On investing in the company Shreedhar Gupta said, “I am very excited to be part of a team with such energy, excitement and integrity. I play very safe with my investments and I’m confident that investing in CBK is one of the safe yet best investments I’ve made so far. Not only am I positive of multi-fold returns but also grateful that this investment in CBK will help me get involved with good food, something I’m very passionate about.”
In the next 18 months, CBK plans to have a multi-city presence. The company is projecting to be present in 7 major cities in India with different formats and are expecting to have 570 live PoS and plan to deploy CAPEX of INR 18 crore. The company hopes to create 2000 to 2500 employment opportunities.
