F&B chain VRO raises $10-M from Axis Bank, Gruhas, others
Bengaluru-headquartered VRO Hospitality, which operates 42 lounges and bars in the country, has raised USD 10 million in a bridge funding round, in a mix of equity and debt, led by Axis Bank and Gruhas, a venture capital firm which backed by Zerodha co-founder Nikhil Kamath. NB Ventures, Cred founder Kunal Shah, and actress Mouni Roy also participated in the funding round. The company will use the funds to make acquisitions and expand its portfolio of brands, which currently number 10 and include Mirage, Taki Taki, and Los Cavos. Currently, VRO Hospitality operates outlets in Bengaluru, Mumbai, Pune, Kolkata, Kochi, Ooty, and Hyderabad.
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