VRO Hospitality Raises $3 Mn Series A Funding Round Led By CreedCap Asia
Bengaluru-based hospitality chain VRO Hospitality, on Tuesday, announced to have successfully raised an amount of $3 million in a mix of equity and debt funding in Series A funding led by CreedCap Asia Advisors along with other undisclosed angel investors.
The fresh funding will help VRO to expand its horizon to Mumbai, Goa, and Chennai. About 80 per cent of the fresh capital will go into new projects, 10 per cent on technology and team building, and 10 per cent on cloud kitchen brands.
Started by Dawn Thomas, Safdar Adhoor, and Sharath Rice almost a decade back, VRO Hospitality owns and operates F&B brands such as Mirage, Hangover, Badmaash, Nevermind, and Tycoons among many others in Bengaluru. VRO also acquired COVID-hit F&B brands like Fava, Café Noir, Plan B, Caperberry, and One Night in Bangkok during the last 12 months amidst the pandemic and has also ventured into cloud kitchen brands with Burgers and Beyond, Holy Dah Pizzas, and Smashed to adjust to the new world of dining.
Read more at : https://www.entrepreneur.com/en-in/finance/vro-hospitality-raises-3-mn-series-a-funding-round-led-by/388071