VRO Hospitality raises USD 10 million in bridge round for expansion & infrastructure

Industry Watch | January 4, 2024 | News

VRO Hospitality

VRO Hospitality announces the successful closure of a USD 10 million bridge round in funding in a mix of equity and debt. This round was led by Axis Bank, one of the largest private sector banks in India and 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.

Expressing enthusiasm, Dawn Thomas, Co-Founder and CEO, VRO Hospitality said, "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."

Abhijeet Pai, Gruhas, commented saying, “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.”

This round was led by Axis Bank & Nikhil Kamath backed Gruhas, UC Inclusive, showcasing the confidence & support of leading investors in VRO Hospitality's innovative vision & robust growth strategy.

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