Asset-light food tech startup Hustlers Hospitality has raised Rs 7 crore in a seed funding round from Falisha Technoworld.
The startup plans to use the funds to accelerate growth and market expansion by reaching six cities through nine more dedicated central kitchens by the end of this financial year. Apart from this, it will also use the funds for hiring and SOP development.
Hustlers Hospitality was founded in 2020 by Krunal Oza, It helps existing restaurants to launch multiple cloud kitchen brands from existing kitchens to get more orders through online delivery. It also scales through new franchisee sign-ups and assists them in end-to-end establishment of cloud kitchen and QSR franchise business.
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The startup has over 36 brands of cloud kitchens and QSRs.
“We are pleased to raise these seed funds and would like to thank our partner in realizing the vision that we had set out for our in-house multi-cuisine multi-brand kitchen. “The future is bright”, We have a lot of plans to take our brand to the next level and this funding will help us move in the right direction and be the fast mover in the cloud kitchen space. Initially, pre-raising the seed round we have also acquired a 31 percent stake in Consulting firm “My Cloud Kitchen” and also plan to extend hospitality consulting service vertical to other cities, metro & tier 2 and 3 in the near future,” said Krunal Oza, founder of Hustlers Hospitality.
“We are entering a very exciting, high acceleration phase in our journey and I am confident and equally excited that we will grow many folds in the coming months. We are also in talks about taking a step closer to overseas expansion starting from Dubai and Maldives. We aim at expanding our franchisees, consulting services, and cities, anticipating a 32X growth this year”, he added.
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The company has grown 16 times in terms of revenue alone in the last 14 months and is targeting high double-digit ARR growth by the end of this year.
It is currently present with cloud kitchen operations in Mumbai, Pune, Bangalore, Delhi, Hyderabad, Surat, Ahmedabad, Ludhiana, Chandigarh, Patna and Darbhanga and is counting to add national and international kitchens within this fiscal year.
About Hustlers Hospitality
The last few years have witnessed an overhaul in the consuming patterns of consumers in the food industry. The rising popularity of quick and convenient food, especially amongst Millennials and Gen Z can be credited to the ‘convenience factor’ without a spec of doubt! They are not only looking for food that tastes good, but also something they can consume on the go and in their comfort zone. Keeping the same in mind, Krunal Oza, Founder – MyCloudKitchen & Restaurant School, with a experience of successfully setting up and franchising 250+ Cloudkitchen, opened up a new avenue with his series of brands under one roof coined as ‘Hustlers Hospitality’.
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With a mix of cloud kitchens and quick service restaurants, Hustlers Hospitality offers the consumers exactly what they are looking for – taste, convenience, speed, and flexibility. After years of experience in franchise management for restaurants, they are offering organised Cloudkitchen franchise opportunities of 36+ brands designed especially for young entrepreneurs to feel confident to step foot into the future of the food industry. their goal is to make the hustle of entrepreneurship as hassle-free and affordable as possible, and each one of their kitchens a go-to, whether offline or online, for the end consumer.