Private Equity

VC Fund Investments

Restaurant-chain VRO Hospitality raises $3-M from CreedCap Asia, angels

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VRO Hospitality, a Bengaluru-based hospitality chain that owns and operates F&B brands such as Mirage, Hangover, Badmaash, Nevermind and Tycoons, has raised USD 3 million (INR 22.5 crore) in a mix of equity and debt funding in Series A round led by CreedCap Asia Advisors along with angel investors. The fresh funds will be used to expand the firm's reach to Mumbai, Goa, and Chennai. About 80% of the fresh capital will go into new projects, 10% to enhancing technology and team building, and 10% to boost cloud kitchen brands. VRO Hospitality operates multi-format restaurants, cafes and lounges across 18 outlets in Bengaluru.