2019
Mumbai (India)
Series A
Ghost Kitchens (operated by Blitzscale Technology Solutions) is a leading cloud kitchen and virtual restaurant enabler revolutionizing India’s $50 billion food delivery market. The company operates at the intersection of foodtech and logistics, offering an asset-light model that empowers restaurants and cloud kitchens to maximize underutilized kitchen capacities through virtual brands. Ghost Kitchens serves 1,200+ internet restaurants across 40+ cities in India, with a portfolio of 30+ brands spanning cuisines like burgers, Indian comfort food, and global fusion.
2022: Acquired tech company WTF to enhance inventory and financial reconciliation tools.
2024: Secured $5 million Series A funding led by GVFL, targeting profitability within 12–18 months.
2025: Expanded to 15+ company-owned kitchens and partnered with Walmart Canada/US for international meal pickup solutions.
Virtual Brands Portfolio: 30+ delivery-only brands, including SpeakBurgers (Chef Vicky Ratnani), Starboy Pizza, and regional concepts like Bihari Bowl.
Fulfillment Partner Program: Licenses brands to existing restaurants, handling aggregator commissions, training, and demand generation. Partners retain 40–60% of revenue.
Creator Licensing Platform: Enables celebrities and social media influencers to launch virtual food brands (e.g., Rana Daggubati’s collaborations).
Tech Stack: Proprietary software for order tracking, inventory management, and real-time sales analytics.
High-Street Retail Outlets: Pilot physical stores in Mumbai and Ahmedabad for hero brands, blending online and offline sales.
Revenue Share (70%): Partners pay 30–40% of order value for brand access, supply chain, and tech support.
Subscription Fees (15%): Premium analytics and API access for enterprise clients.
Licensing Fees (10%): Charges to influencers/celebrities for virtual brand launches.
Direct Sales (5%): Orders via owned platforms and Walmart partnerships.
B2B (90%): Small-to-mid-sized restaurants, cloud kitchens, and enterprise clients.
B2C (10%): Direct consumers via Swiggy, Zomato, and owned channels.
Walmart Canada/US: Strategic alliance for in-store meal pickup/delivery, featuring brands like Big Chicken (Shaquille O’Neal) and The Cheesecake Factory Bakery.
Swiggy/Zomato: Primary delivery partners, contributing 80% of order volume.
Celebrity Collaborations: Chef Vicky Ratnani, actor Rana Daggubati, and social media influencers.
Fulfillment Partners: 1,200+ restaurants across India, including marquee names in Delhi-NCR and Gujarat.
Investors: GVFL, NB Ventures, and actor Rana Daggubati (early backer).
Geographic Expansion: Targeting Tier-2/3 cities (e.g., Baddi, Himachal Pradesh) and international markets (U.S., Canada).
Product Innovation: AI-driven demand forecasting and 10-minute delivery programs with Swiggy/Zomato.
M&A Pipeline: Evaluating acquisitions in supply chain tech and regional cloud kitchen operators.
$5.5 Million
2
$5 Million, Series A
as of February 22, 2024
-
as of N/A
-
as of N/A
Gujarat Venture Finance
and 2 more101
Dil Foods
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
February 22, 2024 | Series A | $5 Million | - | - | - | Gujarat Venture Finance, NB Ventures, Lead Angels, Yuj, Dholakia Ventures, Parvati Resources, Meraki Capital, Meraki Capital |