Fo Of Swiggy The Current Transaction Enablesa Combined Annual Gmv Usd 65 Million Rs 520 Cr For Kitchens Company Aims To Reach 100 In Revenue Within Next 6 Months And Has Already Secured Letters Intent With Over 40 National International Brands Partner It Usinga Master Franchise Model As Continues Expand News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bangalore (Karnataka) [India], March 3 (ANI/PRNewswire): Kitchens@, a leading player in the rapidly growing cloud kitchen industry today announced the acquisition of Swiggy's Access Kitchens business through a share swap deal, effective as of 1st March 2023. Swiggy will become a stakeholder in Kitchens@ through this all-equity transaction. Swiggy pioneered the cloud kitchen model with the launch of Swiggy Access in 2017. The Swiggy Access program allows restaurant partners to establish kitchen spaces in neighbourhoods where they do not currently operate, with the goal of offering more variety and shortening delivery times for consumers. These 'delivery-only' kitchen spaces align with Kitchens@'s own cloud kitchen model. By leveraging Swiggy's analysis of local demand and selection of high-performing partners, Kitchens@ can diversify food options and meet customers' needs in specific areas. Kitchens@ has long been focused on organizing the supply side of the food ....

Junaiz Kizhakkayil , Rahul Bothra , Loyal Hospitality Private , Access Kitchens , Swiggy Access , Master Franchise , Bangalore Karnataka India , Arch 3 Ani Prnewswire Kitchens , A Leading Player In The Rapidly Growing Cloud Kitchen Industry Today Announced Acquisition Of Swiggy 39s Access Kitchens Business Througha Share Swap Deal , Ffective As Of 1st March 2023 Swiggy Will Becomea Stakeholder In Kitchens Through This All Equity Transaction Pioneered The Cloud Kitchen Model With Launch Access 2017 Program Allows Restaurant Partners To Establish Spaces Neighbourhoods Where They Do Not Currently Operate , Ith The Goal Of Offering More Variety And Shortening Delivery Times For Consumers These 39 Only Kitchen Spaces Align With Kitchens 39s Own Cloud Model By Leveraging Swiggy Analysis Local Demand Selection High Performing Partners , Itchens Can Diversify Food Options And Meet Customers 39 Needs In Specific Areas Kitchens Has Long Been Focused On Organizing The Supply Side Of Industry , Tilizing Its State Of The Art Cloud Kitchen Infrastructure , Ptimized Supply Chain Network , Culinary Expertise , Nd Cutting Edge Technology The Company 39s Aggregator Neutral Approach Enables High Throughput Brands To Have An Efficient Online Presence , Riving Hygiene And Operational Efficiency At Scale The Acquisition Brings Swiggy On Board Asa Stakeholder In Kitchens , Mphasizing The Strength And Stability Of Company 39s Financial Performance Operations Quot Addition Swiggy Access Kitchens Will Bolster Reach In Four Cities Across 52 Locations 700 , Roviding Customers With More Convenient And Efficient Food Delivery Options , Uot Said Junaiz Kizhakkayil , Ounder Amp Ceo Of Kitchens Quot Our Goal Has Always Been To Make Fresh Food Accessible By Poweringa Super Efficient Delivery Ecosystem , Uot Added Kizhakkayil Quot Swiggy Access Was Started With The Aim To Bridge Hyperlocal Gaps In Restaurant Supply And Solve For Variety , Nd Convenience Of Food Since Its Inception , Ccess Has Enabled Several Restaurant Partners To Innovate And Expand Their Reach New Customers Ina Cost Effective Manner We Are Confident That Kitchens Is Fully Equipped Nurture This Ecosystem By Innovating Building More Supply Swiggy Continues Believe In The Potential Of Space Remains Invested Asa Stakeholder , Uot Said Rahul Bothra , Fo Of Swiggy The Current Transaction Enablesa Combined Annual Gmv Usd 65 Million Rs 520 Cr For Kitchens Company Aims To Reach 100 In Revenue Within Next 6 Months And Has Already Secured Letters Intent With Over 40 National International Brands Partner It Usinga Master Franchise Model As Continues Expand ,