Ghost Kitchens acquires Ahmedabad-based Shy Tiger Brands
Ghost Kitchens has acquired Ahmedabad-based cloud kitchen firm Shy Tiger Brands.
The acquisition is part of Ghost Kitchens’ expansion strategy in Gujarat, it said in a statement. Shy Tiger operates five multi-brand cloud kitchens in Ahmedabad and operates brands like KBOB’s and The Black Chimney. Shy Tiger has an annualised revenue run rate (ARR) of Rs 5 crore, the statement added.
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On February 22,Ghost Kitchens had raised $5 million in a mix of debt and equity funding, led by Gujarat Venture Finance Ltd. Other participating investors were NB Ventures, LetsVenture, Lead Angels, and existing investors Yuj Ventures, Dholakia Ventures and actor Rana Daggubati.
ET reported on February 27 that the firm hadacquired television host and chef Vicky Ratnani’s gourmet
