VRO Hospitality, India’s swiftly growing F&B fine dining chain, announces the successful closure of a $10 million bridge round in funding in a mix of Equity & Debt. This funding round was led by Axis Bank, one of the largest private sector banks in India, and Gruhas, backed by Nikhil Kamath, along with the participation of UC Inclusive.
In addition to the primary investors, other participants in the bridge round included NB Ventures, Kunal Shah (Cred), and Actress Mouni Roy, among others. This recent injection of funds will bolster VRO Hospitality’s commitment to expanding the brand throughout India and establishing new standards in the fine dining ecosystem by delivering unparalleled guest experiences. The investment will play a crucial role in enhancing operational reach, expediting product development, and reinforcing its standing as a key player in the industry.
Expressing enthusiasm, Dawn Thomas, Co-Founder and CEO, VRO Hospitality, said, “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.”
Commenting on the investment, Abhijeet Pai, Gruhas, commented 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 Sets Sights on Nationwide Expansion:
VRO Hospitality possesses upscale lounges and restaurants in various cities, including Bengaluru, Mumbai, Goa, Kochi, Kolkata, Hyderabad, and Ooty. Among their prominent brands are Badmaash, Mirage, Plan B, Taki Taki, Los Cavos, Cafe Noir, One Night in Bangkok, Tycoons, Hangover, and Nevermind. Engaging in a comprehensive expansion initiative, VRO is actively pursuing both national and international growth, with flagship brands like Badmaash, Cafe Noir, and Taki Taki leading the way into unexplored territories under the VRO banner.
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