Swiggy to sell its kitchen infrastructure business Swiggy Access

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Swiggy to sell its kitchen infrastructure business Swiggy Access

Food delivery major Swiggy is reportedly trying to sell its kitchen infrastructure business Swiggy Access as it prepares for an IPO.

The kitchen infrastructure company, which was founded more than five years ago, provides a kitchen-as-a-service product to restaurants in order to help them set up their cloud kitchens. According to ET, Swiggy is in the process of selling its kitchen infrastructure business to cloud kitchen company Kitchens@. The transaction is supposed to be a share swap, with Kitchens@ valued at $40 million and Swiggy Access valued at $10 million. Swiggy’s private labels may also become clients of Kitchens@ in some locations as part of the agreement.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Food delivery major Swiggy is reportedly trying to sell its kitchen infrastructure business Swiggy Access as it prepares for an IPO.

The kitchen infrastructure company, which was founded more than five years ago, provides a kitchen-as-a-service product to restaurants in order to help them set up their cloud kitchens. According to ET, Swiggy is in the process of selling its kitchen infrastructure business to cloud kitchen company Kitchens@. The transaction is supposed to be a share swap, with Kitchens@ valued at $40 million and Swiggy Access valued at $10 million. Swiggy’s private labels may also become clients of Kitchens@ in some locations as part of the agreement.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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