VRO Hospitality raises $10 million to expand

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₹300 crore, and 250 restaurants in the next four years, with $250 million in annual revenues, Thomas said. “We have added 17 restaurants in the last year, and have 13 more in the pipeline. We have aggressive plans and 80% of the funding will go into acquiring new properties and expansion.

The remaining will be used to build infrastructure and technology," he added. “Post-covid, the hospitality sector has witnessed 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 and a disruptor in the dining industry," said Abhijeet Pai, co-founder, Gruhas. A bridge round is typically raised to finance operations or achieve certain milestones until the next round of funding comes along. Incidentally, the three co-founders started an events company 15 years back, during college.

Slowly, they also got exposed to the food side of the business. “Though we were predominantly an events company, organizing events across eight cities, we also started three-four restaurants with some angel funding. Later, after Times Internet took interest in our events company, we sold it and focussed on the restaurant business," Thomas told Mint.

VRO Hospitality’s inception in 2020 during the covid-19 pandemic proved opportune. As established restaurants faced challenges, VRO seized the moment to acquire and grow, adding brands such as Café Noir, Plan B, and Caperberry to its portfolio. “We are born during covid.