Freshmenu has now 35 cloud kitchens across Bangalore Mumbai and NCR and is looking to increase the count
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 focussed 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.