With enhanced production capabilities, Scandalous Foods is now poised to broaden its footprint across the food service industry and build a robust HoReCa base in key markets, including Mumbai and Nasik.
Dil Foods that won Cloud-Kitchen of the year at 12th Indian Restaurant Congress hosted by Restaurant India and Franchise India Group, recently went to Shark Tank Season-3, bagging funding to expand the business. We spoke to its Founder Arpita Aditi on winning big at Shark Tank India- Season 3 by securing 2 crore in a joint-deal.
The investment will significantly fuel the expansion of its operations, accelerate product development, and further strengthen its position as a key player in the industry.
With its recent funding, Spice Lounge has swiftly inaugurated two new outlets, including its latest venture nestled in South Bangalore at the Falcon City Mall. These openings signify the brand's dedication to bringing its signature flavours.
The company plans to enter several new categories in open white spaces still untapped by the beverage majors over the next few years and has an ambition to reach ₹100 crore revenue run-rate by next year.
The latest deal witnessed Cap70 Angels complete the transaction in one of the quickest turnaround duration negating the otherwise apprehensive gestation period typically encountered by entrepreneurs.
It is also planning to open exclusive brand stores for customers to experience the product. It would also invest in technology to enhance its production, supply chain, and forecasting capabilities.