VRO Hospitality raises $10 million in Bridge Round for Expansion & Infrastructure

Bengaluru, January 3, 2024: VRO Hospitality, India's fast-growing F&B fine dining chain, today announces the successful closure of a $10 million bridge round in funding in a mix of Equity & Debt. This round was led by Axis Bank, one of the largest private sector banks in India & Nikhil Kamath backed Gruhas, UC Inclusive, showcasing the confidence and support of leading investors in VRO Hospitality's innovative vision and robust growth strategy.

Besides the lead investors, the others who participated in the bridge round were NB Ventures, Kunal Shah (Cred), 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.

"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."

Dawn Thomas, Co-Founder and CEO, VRO Hospitality

“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.”

Abhijeet Pai, Gruhas

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.

With ten brands which 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. Each brand has been meticulously crafted with a beautiful storyline woven throughout every aspect of the brand, including food, beverages, ambience, events, and other experiences.

About VRO Hospitality:

One of the fastest-growing hospitality companies based out of Benagluru, VRO hospitality owns some upscale bars and restaurants in Bengaluru and Mumbai. Barely out of their college, two friends Dawn Thomas and Safdhar Adoor started an event management agency Rices Obliquity that was rocking the party scene in Bengaluru. Later experienced restaurateur Sharath Rice joined Dawn and Safdhar as the trio launched VRO Hospitality in May 2018.

Since inception, VRO Hospitality has launched some of the most popular brands like Badmaash Lounge, Hangover, Mirage, Nevermind, One Night in Bangkok, and Tycoons that offer its patrons a diverse culinary experience. Besides physical restaurants, VRO Hospitality also runs popular cloud kitchens - Burgers and Beyond, Holy Doh Pizzas and Smashed and Whacky Chang. The founders another venture SteppinOut, an online event and experience curating platform, was acquired by Times Internet Limited in early 2021.

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