Latest Jonathon Swanson News
Apr 2, 2020
Kitchens Centre raises $500,000 in seed capital Categories: AngelList India led the investment round with participation from investors including Utsav Somani, Jake Zeller, Jonathon Swanson, Ankush Gera and Revant Bhate. The company, which provides ready-to-move-in kitchens along with the essential technology to takeout restaurants, plans to use the funding to drive aggressive expansion into new geographies to enable hyperlocal delivery. Founded in 2019 by Lakshay Jain, the company offers turnkey solutions to cloud kitchens—right from providing commercial space and kitchen infrastructure to assisting with branding, order management, delivery and maintenance services. It has centres across north India, with brands like BTW, WOW! Momo, Asian Haus, Burgrill, 34 Chowringhee Lane, Wok Me, POMP, Beijing Street already on board. To help with operations, Kitchens Centre has also acquired Posify, a technology-driven management solution for F&B brands. It allows brands to manage orders on a single platform, while also helping with inventory management, billing and delivery tracking. “Apart from significantly cutting down on capital and operational expenditure of the brands, the network effort of things like order gapping, CRM support, customer data helps them achieve an average 25% increase in sales and better payback periods after partnering with us,” Jain said.