IDC Kitchen (Idli, Dosa, Coffee), a chain of South Indian cuisines has secured INR 1.5 Crore debt from Peter Thiel’s Valar Ventures-backed financing platform, Velocity.
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The capital will be utilized for marketing campaigns and other inventory-related costs, with the goal of expanding IDC’s reach and maintaining its dedication to providing a genuine South Indian culinary expertise. This advantageous partnership with Velocity reinforces IDC’s dominance in the Indian Quick-Service-Restaurant (QSR) landscape.
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“As we embark on the next phase of our journey, IDC Kitchen signifies more than just a culinary service; it’s a transformative culinary journey. With the support of Velocity and the unwavering love of our patrons, we are thrilled to bring the essence of South India to doorsteps across the nation. This new chapter, fueled by the recent funding from Velocity, allows us to not only maintain our high standards but also elevate the IDC experience for our valued customers. We are passionate about redefining the dining landscape and are eager to share the authentic taste of South India with enthusiasts everywhere,” Abhishek Baldota, Director of IDC – Idli Dosa Coffee.
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Atul Khichariya, COO & Co-Founder of Velocity adds, “At Velocity, we are thrilled to contribute to the growth and success of IDC through our recent funding of INR 1.5 Crore. This partnership opens up new avenues in the dynamic landscape of restaurants and QSR chains, and we believe that IDC’s commitment to authenticity and innovation aligns seamlessly with our vision. I am confident that this infusion of funds will not only fuel IDC’s brand growth but also set new benchmarks in the restaurant and QSR industry. We look forward to witnessing the continued success of IDC as it persistently redefines the culinary experience for patrons across India.”
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About IDC Kitchen
Since 2012, IDC Kitchen has been proudly serving authentic South Indian cuisine, specializing in the holy trinity of Idli, Dosa, and Coffee. What started as a single outlet has now blossomed into a thriving culinary venture with 11 locations.
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