VRO Hospitality, a rapidly expanding F&B fine dining chain in India, has announced the successful completion of a $10 million bridge funding round, comprising both Equity and Debt components. Axis Bank, a prominent private sector bank in India, alongside Nikhil Kamath-backed Gruhas and UC Inclusive, spearheaded this round, showcasing the confidence and support of top-tier investors in VRO Hospitality’s innovative vision and robust growth strategy.
Joining the lead investors were others such as NB Ventures, Kunal Shah from Cred, and actress Mouni Roy, among others, participating in the bridge funding. This fresh injection of capital will bolster VRO Hospitality’s mission to proliferate its brand presence across India while setting new standards in the fine dining landscape through unparalleled guest experiences. The investment will serve to significantly amplify operational expansion, expedite product development, and further solidify its standing as a pivotal player in the industry.
Speaking on this, Dawn Thomas, Co-Founder and CEO, VRO Hospitality, said, “We are thrilled to have the continued support and trust of our investors as we embark on this transformative journey. This funding round marks a pivotal moment for VRO Hospitality, empowering us to amplify our efforts in redefining the hospitality experience through innovation and unwavering commitment to excellence.”
Commenting on the investment, Abhijeet Pai, Gruhas, commented saying, “Post-Covid the hospitality sector has witnessed an exponential growth and rightfully so VRO Hospitality has expanded across key markets in India. This successful bridge will help VRO Hospitality accelerate growth, expand its reach, and further solidify its position as a reputable brand & disruptor in the dining industry.”
VRO Hospitality owns some upscale lounges and restaurants across Bengaluru, Mumbai, Goa, Kochi, Kolkata, Hyderabad, and Ooty. Some of their brands include Badmaash, Mirage, Plan B, Taki Taki, Los Cavos, Cafe Noir, One Night in Bangkok, Tycoons, Hangover & Nevermind. VRO is on an expansion drive nationally and internationally with brands such as Badmaash, Cafe Noir and Taki Taki being the pioneers in pitching the VRO flag in uncharted territories.