How rental kitchen startup Karma Kitchen raised £252m when it set out to raise £3m

By Sifted - 2020-12-10

Description

Kitchen rental startup Karma Kitchen has raised £252m to open up sites across the UK and Europe to cater for the huge boom in food delivery.

Summary

It’s one of several startups helping food businesses experiment with new revenue streams to stay afloat.
Eccie Newton, with her sister and cofounder Gini Newton More than one revenue stream Karma Kitchen has seen a big increase in demand over the last few months, says Newton — including from multinational food businesses.
Restaurants are seeing value in having a secondary site to diversify their revenue stream and tap into different parts of the market — whether that’s distribution, or delivery,” says Newton.
Kbox is currently working with 125 kitchens in the UK, and has another 175 in its pipeline.

Topics

Management (0.28)
Stock (0.14)
UX (0.07)

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