The story of how Daga teamed up with Florintree’s Mathew Cyriac, an astute venture investor, to bring her cloud kitchen company back from the dead.
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The 13-year-old cloud kitchen company is seeing a massive secondary share sale, after a long, tough phase. How did it attract a sovereign wealth fund and a private equity giant?
In view of the rise in losses and expenses, it makes all the more sense for the 12-year-old cloud kitchen startup to go offline.
The cloud kitchen startup seems to have hit a wall, and is going big on brick-and-mortar restaurants, all while cutting costs amid intensifying competition.