In a significant boost to India's burgeoning cloud kitchen sector, Tiger Global has spearheaded a $22 million funding round for EatClub, a prominent player in the industry. The startup, which operates popular brands like Box8 and Mojo Pizza, is set to utilize the fresh capital to fuel its growth and expansion plans across the country.
EatClub has emerged as a key innovator in the cloud kitchen space, focusing on delivering high-quality meals through a network of delivery-only kitchens. This model allows the company to optimize costs and cater to the growing demand for convenient, affordable dining options in urban India.
The funding round, reported by sources such as Entrackr and Yahoo Finance, underscores the confidence of global investors in India's food-tech ecosystem. With Tiger Global at the helm, EatClub aims to scale its operations, enhance its technology platform, and expand its footprint in new markets.
This investment marks another strategic move by Tiger Global in India's startup landscape, following its previous bets on various sectors like fintech and edtech. The firm's backing is expected to provide EatClub with not just capital but also valuable expertise to navigate competitive challenges.
As the cloud kitchen model continues to gain traction, EatClub plans to leverage this funding to strengthen its supply chain, improve customer experience, and introduce new culinary offerings. The company is poised to capitalize on the increasing shift toward online food delivery, especially post-pandemic.
Industry experts believe that with this investment, EatClub could set new benchmarks in the cloud kitchen domain, potentially inspiring further innovation and competition in the sector. As urban lifestyles evolve, startups like EatClub are well-positioned to redefine dining in India.
Andrew Lee
