Food-tech startup Adonia Hospitality has brought $1 million up in a seed round from Pepperfry founders Ambareesh Murthy and Ashish Shah. The subsidizes will be conveyed to set up 6 extra eateries in the following a half year.
The four-months-old organization is right now operating in the relaxed dining and cloud kitchen section and is gearing up to extend in bundled and frozen food.
Established by Rupesh Kumar Shah, the firm has 6 cafés in its portfolio and is at present beneficial at an ARR of Rs 7 crores for FY 21-22 with a month-on-month development of 7-9% and intends to work an organization of 200 eateries with a yearly income gauge of Rs 135 crores.
The startup as of now possesses brands like Bread Butter Beyond, ninth Street Pizzeria alongside Mia Cucina, which it obtained in July 2021.
