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CloudKitchens

CloudKitchens

CloudKitchens is a real estate company that provides smart kitchens for delivery-only restaurants.

History

In November 2019, it was reported that CloudKitchens raised $400 million from Saudi Arabia’s sovereign-wealth fund. The deal was completed in January 2019 and values the company at $5 billion.[1][4]

Before the Saudi investment, CloudKitchens was funded with $300 million from the founder Travis Kalanick himself—some of which he got from selling Uber shares.[1][4]

CloudKitchens does away with traditional front-of-house service by creating commissary kitchens optimized for takeout, which are then rented out to restaurants who want to prepare food exclusively for delivery services.

The delivery-only food startup buys cheap or rundown properties across the U.S. and elsewhere to build these so-called ghost kitchens; it also operates several of its own delivery-only restaurants.[1][4]

Partners

Joe's Pizza

Sweet Rose Creamery

Kreation Organic

Coolhaus

The Halal Guys

Tacos 1986

References

[1]
Citation Linkwww.forbes.comSaudis Reportedly Invest $400 Million In Uber Founder Travis Kalanick’s Secret Startup
Nov 11, 2019, 9:07 PM
[2]
Citation Linkwww.linkedin.comCloudKitchens on LinkedIn
Nov 11, 2019, 9:14 PM
[3]
Citation Linkwww.cloudkitchens.comCliudKitchens official website
Nov 11, 2019, 9:22 PM
[4]
Citation Linkwww.businessinsider.comWe visited ex-Uber CEO Travis Kalanick's secret 'ghost kitchen' startup in San Francisco that was backed by $400 million from Saudi Arabia — take a look
Nov 11, 2019, 9:26 PM