Swiggy to sell its kitchen infrastructure business Swiggy Access

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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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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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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