VRO Hospitality, an F&B fine dining chain, has announced the closure of a $10 million bridge round in funding in a mix of equity and debt. This round was led by Axis Bank and Nikhil Kamath-backed Gruhas, UC Inclusive.
Besides the lead investors, the others who participated in the bridge round were NB Ventures, Kunal Shah (Cred), and actress Mouni Roy to mention a few. This latest infusion of capital will fortify VRO Hospitality’s mission to expand the brand across India and set new benchmarks in the fine dining ecosystem with unparalleled guest experiences. 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.
Expressing enthusiasm, 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, sad, “Post-Covid, the hospitality sector has witnessed 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 and 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 taking the VRO flag in uncharted territories.
With 10 brands that include Badmaash, Mirage, Plan B, Taki Taki, Los Cavos, Cafe Noir, One Night in Bangkok, Tycoons, Hangover & Nevermind at Bangalore, Ooty, Mumbai, Kochi, Kolkata and Hyderabad summing up to over 40 outlets, VRO has established a diverse range of premium brands.