Kitchefy, Jordan-based cloud kitchen startup, raised $325k in a pre-seed round. The startup secured the investment from the Oasis 500 Fund, the Beyond Capital Fund, MyStartUp Incubator Injaz and a group of individual investors.
The startup will use the recent investment to develop its operations, expand to new governorates in Jordan paving the way for regional expansion to the Saudi market and open four new food brands with new concepts.
“We are creating a more profitable business model for restaurants through the use of the shared economy module, and are enabling restaurants to handle more sales volume at the same fixed cost. Kitchefy has been able to work on ratios and units of the economy that guarantee the satisfaction of their partners, as each order of one of the virtual brands of Kitchefy that have been included in the restaurant guarantees a profit margin ranging from 20% to 30% for the owner of the restaurant,” Abdullah Al-Absi, Co-Founder and CFO at Kitchefy, stated.
Kitchefy offers an innovative solution that transforms commercial kitchens into cloud kitchens. By doing so, the company creates high-demand food brands and injects them into the underutilised commercial kitchens of over-capacity in hotels, cafes, restaurants and other hospitality venues, to help restaurants reach new customers, explore new markets and locations and enable them to make the most out of their existing resources.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.