Debt financing
Vegetarian QSR chain IDC Kitchen raises Rs.1.5 Cr from Velocity
Bengaluru-based quick service restaurant chain IDC Kitchen has attracted INR 1.5 crore in debt from financing platform, Velocity. The company plans to use the funds towards marketing initiatives and other inventory-related expenses.Founded in 2012 by Abhishek Baldota, IDC Kitchen is a chain of vegetarian South Indian self-service restaurants. The company’s products are available on all major food delivery apps. It also executes catering/party orders.The company claims to have a presence at 11 locations in Bengaluru, two in Mumbai and one in Raichur.
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