Bengaluru, January 3, 2024: VRO Hospitality, a leading F&B fine dining chain in India, proudly announces the successful closure of a $10 million bridge funding round, featuring a mix of Equity & Debt. Axis Bank, a major private sector bank in India, and Gruhas, backed by Nikhil Kamath, led the round, along with participation from UC Inclusive, NB Ventures, Kunal Shah (Cred), and Actress Mouni Roy, among others. This strategic infusion of capital will bolster VRO Hospitality’s mission to expand its brand footprint across India, delivering exceptional guest experiences in the fine dining sector. The investment will accelerate operational growth, enhance product development, and solidify VRO Hospitality’s position as an industry leader.
Dawn Thomas, Co-Founder and CEO of VRO Hospitality, expressed excitement, stating, “This funding round is a pivotal moment for VRO Hospitality, empowering us to redefine the hospitality experience through innovation and unwavering commitment to excellence. We are grateful for the continued support and trust of our investors as we embark on this transformative journey.”
Abhijeet Pai, from Gruhas, commented on the investment, saying, “Post-Covid, the hospitality sector has witnessed exponential growth, and VRO Hospitality has rightfully expanded across key markets in India. This successful bridge round will propel VRO Hospitality’s growth, expanding its reach and solidifying its position as a reputable brand and disruptor in the dining industry.”
Currently operating upscale lounges and restaurants across Bengaluru, Mumbai, Goa, Kochi, Kolkata, Hyderabad, and Ooty, VRO Hospitality boasts brands such as Badmaash, Mirage, Plan B, Taki Taki, Los Cavos, Cafe Noir, One Night in Bangkok, Tycoons, Hangover & Nevermind. With over 40 outlets under ten distinct brands, VRO Hospitality is on an ambitious expansion drive nationally and internationally, establishing its flagship brands in uncharted territories.
Each of VRO’s ten brands, including Badmaash, Mirage, Plan B, Taki Taki, Los Cavos, Cafe Noir, One Night in Bangkok, Tycoons, Hangover & Nevermind, reflects meticulous craftsmanship, weaving a beautiful storyline throughout every aspect, from food and beverages to ambiance, events, and overall experiences.
