Velocity Floats INR 200 Cr Fund To Boost Growth Of Cloud Kitchens

Velocity, a prominent venture capital firm, has launched a INR 200 crore fund to support the growth of cloud kitchens in India. With the increasing demand for online food delivery services, cloud kitchens are seen as a scalable business model. The fund will be used to invest in promising cloud kitchen startups, helping them expand their operations and enhance their technological capabilities. Velocity aims to tap into the rapidly growing food-tech industry, which has gained momentum in recent years. The fund will provide critical capital to innovative companies in the cloud kitchen space, enabling them to capture market share.