Founded by Paurav Rastogi and Shamin Kapoor, Speed Kitchen, a Delhi-based firm, offers fully equipped, ready-to-use commercial kitchen premises to enable food entrepreneurs avoid conventional obstacles such getting premium locations and maintaining complicated leases. Launched in March 2021, the company runs more than 130 kitchens in four cities catering to more than 50 brands including Daryaganj, Chaayos, and Haldiram’s. Through providing easily available and effective solutions, Speed Kitchen enables food companies in the cloud kitchen sector to rapidly expand their operations.
Company Name: Speed Kitchen
Founder: Paurav Rastogi & Shamin Kapoor
Product: Co-working Kitchen
Highlights:
Important Characteristics:
1. Completely furnished, easily available kitchens.
2. helps companies to avoid large running expenses including leasing on desirable locations.
3. Scalable infrastructure to facilitate corporate expansion.
Right now:
1. Running four Indian cities.
2. About 130 kitchens running right now.
3. Serving more than fifty well-known food companies including Daryaganj, Chaayos, and Haldiram’s.
Novel Approach:
1. Emphasises cloud kitchens as a business model forward looking.
2. Lowers obstacles to entrance for aspiring new food enterprises.
Positioned to scale quickly in India’s fast expanding meal delivery and cloud kitchen sector.
Pitch Details
Ask: ₹2 crores for 3% Equity (Valuation: ₹66.67 crores)
Deal: After negotiations Kunal Bahl, Ritesh Agarwal & Azhar Iqubal, finished the deal at ₹2 crores for 6% Equity.
Investors: The investment came from, Kunal Bahl, Ritesh Agarwal & Azhar Iqubal.
Conclusion Offering fully equipped, ready-to-use kitchens to streamline operations and lower barriers to entry in the food service sector, the Speed Kitchen pitch on Shark Tank India Season 4 presented a creative answer for food businesses. The startup proved its ability to scale and challenge the cloud kitchen market with a strong business plan, operational performance in four cities, and a growing customer base including 50+ brands. Approaching well-known investors Ritesh Agarwal, Azhar Iqubal, and Kunal Bahl with ₹2 crore for 6% stake confirmed their vision and operational knowledge. This investment sets Speed Kitchen to grow even more and transform the Indian meal delivery business.
