VRO Hospitality Raises $10 Million in Bridge Round Led by Axis Bank and Nikhil Kamath-backed Gruhas

• ByStartupStory     |    January 3, 2024

VRO Hospitality, the fast-growing F&B fine dining chain in India, has successfully closed a $10 million bridge round of funding. This round, a mix of equity and debt, was led by Axis Bank, one of India’s largest private sector banks, and Gruhas, backed by Nikhil Kamath. Other notable participants in the funding round include NB Ventures, Kunal Shah (Cred), and actress Mouni Roy, among others.

The infusion of $10 million in capital is poised to fuel VRO Hospitality’s mission to expand its brand across India and set new standards in the fine dining ecosystem, focusing on delivering unparalleled guest experiences. The funds will play a crucial role in accelerating operational growth, advancing product development, and reinforcing VRO Hospitality’s standing as a key player in the industry.

Dawn Thomas, Co-Founder and CEO of VRO Hospitality, expressed enthusiasm about the funding, stating, “We are thrilled to have the continued support and trust of our investors as we embark on this transformative journey. This funding round marks a pivotal moment for VRO Hospitality, empowering us to amplify our efforts in redefining the hospitality experience through innovation and unwavering commitment to excellence.”

Abhijeet Pai, from Gruhas, commented on the investment, saying, “Post-Covid the hospitality sector has witnessed an exponential growth and rightfully so VRO Hospitality has expanded across key markets in India. This successful bridge will help VRO Hospitality accelerate growth, expand its reach, and further solidify its position as a reputable brand & disruptor in the dining industry.”

VRO Hospitality currently owns upscale lounges and restaurants across Bengaluru, Mumbai, Goa, Kochi, Kolkata, Hyderabad, and Ooty, with brands such as Badmaash, Mirage, Plan B, Taki Taki, Los Cavos, Cafe Noir, One Night in Bangkok, Tycoons, Hangover, and Nevermind. The company, with over 40 outlets, is on an ambitious expansion drive nationally and internationally, making its mark in uncharted territories.

The company’s portfolio includes ten brands, each meticulously crafted to offer patrons a diverse culinary experience, encompassing food, beverages, ambience, events, and other experiences. VRO Hospitality has established itself as one of the fastest-growing players in the hospitality sector, with a unique blend of innovation and commitment to excellence.

VRO Hospitality, based in Bengaluru, is one of the fastest-growing hospitality companies, owning upscale bars and restaurants in Bengaluru and Mumbai. Founded by Dawn Thomas, Sharath Rice, and Safdhar Adoor, the company has rapidly expanded its portfolio to include popular brands like Badmaash Lounge, Hangover, Mirage, Nevermind, One Night in Bangkok, and Tycoons.

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