TTSF Cloud One raises $5.3 million led by Brand Capital
- ByStartupStory | November 3, 2021
Cloud kitchen startup TTSF Cloud One announced that it has raised $5.3 million (about Rs. 40 crores) in a funding round led by Brand Capital, the investment arm of Bennett Coleman and Co Ltd, The Times of India Group.
The co-founder of TTSF Cloud One, Yeshwanth Nag Mocherla stated, “The Indian food tech space is at the cusp of disruption right now with largely unorganized brands operating in the market. We are now aiming to create, license, acquire & operate several brands using our technology stack which will enable our ecosystem brands to rapidly scale like never before & consolidate some categories. We believe with economies of scale, it is very much possible to build an extremely interesting play within a short period of time. We are aiming to operationalize 50 cloud kitchens, operating at-least 350 Internet restaurants by the financial year end.”
The startup intends to utilize the funds raised for building their brand value as well as for scaling up their tech infrastructure. Additionally, the company also intends to employ the funds for brand acquisition as well as expansion in tier 1 and tier 2 cities across India.
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