Virtual kitchens are poised to disrupt the restaurant industry - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Virtual kitchens are poised to disrupt the restaurant industry — and VCs say it's a smart investment (via KauffmanFellows)

, an early-stage VC fund based in Menlo Park. Grishin Robotics has invested in Zume Pizza and has been actively tracking the food-tech sector in the global markets.

The virtual kitchen model of expansion is akin to the lean startup model, allowing entrepreneurs to bootstrap their new culinary venture by leasing the virtual kitchen's infrastructure. Melia Robinson Regional chains can experiment better. They can expand by spending a limited budget and start serving customers in geographical areas where it was not feasible otherwise.

Sit down restaurants with under 10 branches will likely be hurt the most, especially if they don't have an established brand. It's going to be very difficult for them to compete with virtual kitchens. Their customers primarily come to them to eat rather than the experience, so the food is essentially commoditized. These types of restaurants are very vulnerable to newcomers coming around with the same food at lower costs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

KauffmanFellows Wow this is a me zing😍😍

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Freshworks' CEO says there's a huge opportunity to disrupt the customer support market - Business InsiderThe CEO of Freshworks had an idea 10 years ago when his TV was damaged by movers. Now his startup is worth $3.5 billion and is threatening Salesforce.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Starling has hit the 1 million account milestone - Business Insider - Business InsiderWhile Starling's total number of accounts may trail other big UK neobanks, it could have an edge over competitors due to the sustainability of its growth:
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Content Moderation Report from Business Insider - Business InsiderThis report analyzes a pressing issue currently facing social platforms — content moderation — and lays out how we expect the debate to evolve.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The eSports Ecosystem from Business Insider Intelligence - Business Insider[NEW REPORT] The eSports Ecosystem: BIIntelligence breaks down the key players and trends driving the red-hot esports space that's on track to surpass $1.5 billion by 2023 BIIntelligence Love this
Source: BusinessInsider - 🏆 729. / 51 Read more »

Former Uber CEO Kalanick sells another $164 million of stock - Business InsiderKalanick now helms CloudKitchens, a startup that leases kitchen space to restaurants. His stock sales offset a $300 investment he made in the firm.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Insiders raise questions about SoftBank-backed farming startup Plenty - Business InsiderA futuristic farming startup raised $260 million from Jeff Bezos and SoftBank on the promise of upending agriculture. Insiders are raising questions.
Source: BusinessInsider - 🏆 729. / 51 Read more »