HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack

Hustlers Hospitality secures seed funding of INR 7 cr

Wednesday, July 6, 2022, 17:24 Hrs  [IST]
HBI Staff | Hyderabad

India’s Fastest growing Asset Light Food Tech startup, Hustlers Hospitality secured a funding of INR 7 CR ($ 0.9 Mn) from Falisha Technoworld. It is one of the most organized and profitable Cloud Kitchen companies with 36-plus brands of Cloud Kitchens and QSR brands with currently operating 400-plus Internet restaurant listings. Hustler’s USP is the business model itself, they scale in-house cloud kitchen brands majorly through “Growth Hack model” which is designed to partner with existing restaurateurs and gives them a opportunity  to earn incremental sales/ additional profit from a new line of cloud kitchen business using already invested real estate, kitchen equipment and manpower. Hustlers Hospitality helps existing restaurateurs start up Multiple Cloud Kitchen brands from existing kitchens to gain more orders through online delivery.” Hustlers Hospitality also scales through new franchisee sign ups and helps them with end-to-end setting up of cloud kitchen & QSR franchise business.

Founded in 2020, the brand is a brainchild of Krunal Oza. They intend on using this funding for accelerating their growth and  market expansion , reaching across 6 cities through 9+ dedicated central kitchen by the end of this financial year. Besides, the startup will also use the funding for Hiring and SOP development. Hustlers Hospitality aims to raise another round of funding, Series A,  by the end of FY 22.

Commenting on the fund infusion Mr. Krunal Oza, Founder, Hustlers Hospitality, said “We are pleased to raise these seed fund 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 our 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. 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 with 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.”

The company has grown 16x in terms of revenue in the last 14 months alone. It aims for a high double-digit ARR growth by the end of this year.

Hustlers brands are currently present with cloud kitchen operations in Mumbai, Pune, Bangalore, Delhi, Hyderabad, Surat, Ahmedabad, Ludhiana, Chandigarh, Patna and Darbhanga and counting to add national and international kitchens, within this year.

Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
* Name :    
* Email :    
* Message :  
»  Mallcom India Launches Safety Shoes for the Hospitality Sector
»  HRAWI Conducts FSSAI’s FoSTaC Programme at D Y Patil School Of Hospitality & Tourism Studies
»  Indian hospitality sector witnessed a 339.3% YoY RevPAR growth in Q2, 2022: JLL
»  IHCL Q1 consolidated PAT at INR 170 cr
»  Sterling Holiday Resorts records a PBT of INR 28 Cr. in the first quarter
»  Convin launches assisted selling platform that improves booking rates for hospitality firms
»  Espire Hospitality Group debuts in Punjab with the launch of ‘Country Inn Hotels and Resorts’ branded hotel in Amritsar
»  Galgotias University partners with Sarovar Hotels & Resorts instituting the ‘Centre of Excellence in Hospitality & Tourism
»  VRO Hospitality on expansion spree; plans to open 28 new outlets across Bengaluru, Mumbai, Hyderabad, Kolkata, Kochi, Goa, and Ooty
»  HPMF announces 100 point agenda; plans to reinforce Indian hospitality procurement fraternity
»  Conscious hospitality: The need of the hour in the hotel industry
»  Hustlers Hospitality secures seed funding of INR 7 cr
»  Silver Beach Hospitality launches Akina
»  HVS ANAROCK to Organize India's Largest Hospitality Conference & Awards Event in March 2023
»  Espire Hospitality Group expands footprint with a new signing of a Country Inn Resort in Goa
»  Lexicon IHM signs an MOU with Sarovar Hotels & Resorts (Pvt. Ltd.) to mentor and guide young hospitality aspirant
»  Nest Jaipur Resort appoints hospitality veteran Manoj Thapa as its General Manager
»  Market Malabar’s hospitality and medical tourism, says Minister
»  NILE Hospitality enters Palaces and Forts boutique hotel segment with Bhairavgarh Palace, Udaipur
»  FHRAI Announces Student Scholarship Programme For B.Sc. In Hospitality & Hotel Administration At FHRAI-IHM
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar

© Copyright 2016 Saffron Synergies Pvt Ltd