FreshMenu Opens First Front Facing Kitchen At Bangalore Airport
FreshMenu Opens First Front Facing Kitchen
At Bangalore Airport
Food tech start-up
Freshmenu has opened its first front facing kitchen at Bangalore airport as it
looking to double down on expanding its order base. With this, Freshmenu has
now 35 cloud kitchens across Bangalore Mumbai and NCR and is looking to
increase the count to 40-42 in the next four months.
Rashmi Daga, CEO
of Freshmenu said "In the last 6 months, we have doubled our footprint in
Mumbai, opened a lot more kitchens. In this last month alone, we have opened 5
kitchens including the one at the Bangalore airport, Claims to have enough
money in the bank to continue (investing for) capex behind the kitchens. With
an increase in kitchens, Freshmenu is targeting a 2x growth in revenues even as
it chalks out a path to profitability. Trajectory to profitability is very
strong. We will be profitable at the net level within 1 year".
Daga also stated
that, however, he has no plan of opening more front-facing kitchens with the
newer kitchens focused only on the existing 3 cities. Lightspeed Venture
Partners backed firm currently clocks 13,000 orders per day with an average
order value at Rs 325, just shy of the Naspers backed Swiggy which clocks
orders worth Rs 350 on an average.
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