The funds will be directed towards expanding the company’s footprint in the western region, hire top talent, and bolster its network to 300+ cloud-based restaurants
20th April, 2021: Mumbai Angels Network, along with California-based accelerator Expert DOJO and 3 other marquee angel investors, has invested close to USD 150,000 in India’s first cloud kitchen platform and Huddle-backed ZFW Hospitality to add to the armour of early supporters and advisors.
ZFW will be utilizing the funds to expand its presence in the western region, hire top talent, and increase its network to 300+ cloud-based restaurants before raising a larger amount of funds in the next round. ZFW also revealed that it will deploy a part of the proceeds to improve AI and Data Analytics Capabilities on the ZFW-OS platform that helps streamline operational efficiency and overhead costs.
Speaking on the freshly infused funds for his company, Madhav Kasturia, Founder of ZFW said, “Having witnessed the rapid shift towards delivery & asset-light models on the front lines over the past 6 years, we’re excited to play a key role in the consumer ecosystem. Humbled to receive the confidence of investors and strategic angels who’ve joined us early on in our exciting journey. As ZFW focuses on its next chapter, our team remains committed to our mission of helping partners drive attractive incremental unit economics.”
Commenting on the investment, Nandini Mansinghka, Co-Promoter, and CEO of Mumbai Angels Network said, “Cloud Kitchen and Fulfilment Network ZFW will help recognized F&B brands maximize utilization of kitchen space and enable their asset-light expansion. This will help them scale up rapidly to cater to the growing consumer demand across geographies. It will also help brands that are on the path to profitability and have already figured out their unit economics”.
Adding in Rahul Gupta the founder and Managing Director of Radar Capital said “ZFW has a deep understanding of Cloud Kitchens and what it takes to succeed and this reflects in their strategy to address reach and scalability. We believe there is huge potential for them to empower brands beyond India,”. Radar Capital has successfully mentored companies like Smartivity, Avishkaar Robotics, Prime Book, Coffee Bond Clevergene
ZFW helps F&B & D2C brands grow sustainably through its vast network of cloud kitchens & fulfilment centers. The company has been in the news for its partnerships with notable brands like Baskin Robbins, Keventers, Tibbs Frankies, The Brooklyn Creamery, & Beijing Street to help boost profitability through its 50+ cloud restaurants across India.