All the funding deals in the ghost kitchen market
Download our beautiful pitch about the ghost kitchen market
In our ghost kitchen market deck, you will find everything you need to understand the market
The ghost kitchen market keeps attracting investors because food brands can grow without opening traditional restaurants.
We conducted deep research and collected 20 funding deals in the ghost kitchen market for the period from 2024 to 2026.
This page is refreshed very often so readers can follow new ghost kitchen market funding rounds as the market changes.
And if you want to better understand this new industry, you should get our beautiful slides covering the ghost kitchen market.
Insights
- The ghost kitchen market is still led by very large operators, but smaller virtual brand platforms also raised money across Europe, India, the Middle East, and Southeast Asia.
- Wonder raised $700.0M in Q1 2024, which is larger than all other listed ghost kitchen market deals combined.
- India is one of the most active ghost kitchen market regions, with Rebel Foods, Curefoods, EatClub, Charcoal Eats, Ghost Kitchens India, Kouzina Food Tech, Swish, and Kitchens@ all raising money.
- The ghost kitchen market is not only about cooking space. Several companies also sell brand concepts, restaurant software, kitchen support, and digital franchise models.
- Rebel Foods raised money in both 2024 and 2025, which shows continued investor interest in large multi-brand ghost kitchen market platforms.
- Funding in the ghost kitchen market covers very different company sizes, from Munchfam at $0.657M to Wonder at $700.0M.
- Several 2025 deals focus on newer food delivery formats, such as 10-minute delivery, creator-led food brands, and cook-to-order meals.
- The ghost kitchen market has a clear emerging-market angle, with many deals linked to India, Oman, the UAE, Indonesia, and Turkey.
This chart, included in our ghost kitchen market deck, shows annual VC investment in ghost kitchen startups
Summary table of the funding deals for the ghost kitchen market since 2024
We define the ghost kitchen market as all restaurant concepts that prepare food in a professional kitchen but serve customers only through delivery or digital pickup, with no dine-in restaurant identity.
We include dedicated delivery-only kitchen sites, multi-tenant ghost kitchen hubs, and virtual brands that run from existing restaurant kitchens but are visible to customers only on apps and online platforms.
We exclude traditional restaurants whose main brand includes a dining room, as well as grocery, meal-kit, and other businesses that mainly sell unprepared food or basic retail items.
We focused exclusively on pure players, defined as companies with at least 70–80% of their business directly tied to the ghost kitchen market.
Our analysis has been done at a global level with a minimum funding threshold of $300k.
You can also read our detailed analysis to understand how funding activity in the ghost kitchen market has evolved recently.
If you want a longer-term view, we also have a study of how funding activity in the ghost kitchen market has changed over the years.
Also, you should know that we have a dedicated page, updated weekly, with all the latest fundraising deals in the ghost kitchen market.
| Name | What they do | Amount in $ | Quarter | Source(s) |
|---|---|---|---|---|
| Paket Mutfak | Runs multi-brand ghost kitchens across Istanbul with delivery-only food brands. | $3.8M | Q1 2026 | Tech.eu, Startup Rise, Startup Researcher |
| Hangry | Operates several virtual restaurant brands through a cloud-kitchen model. | $10.5M | Q4 2025 | TNGlobal |
| EatClub | Runs delivery-first food brands, including Box8 and Mojo Pizza. | $22.0M | Q3 2025 | Entrackr |
| Charcoal Eats | Runs delivery-first Indian food brands focused on biryanis and snacks. | $1.6M | Q3 2025 | Tracxn |
| Curefoods | Operates several delivery-first food brands, including EatFit and Nomad Pizza. | $18.0M | Q3 2025 | Business Standard |
| Sizl | Runs cook-to-order food delivery through dark kitchens. | $3.5M | Q2 2025 | TechCrunch |
| Rebel Foods | Operates internet restaurants and multiple delivery-first food brands. | $25.0M | Q2 2025 | Entrackr |
| LANCH | Builds and scales digital-first food brands for delivery and pickup. | $27.0M | Q1 2025 | TechCrunch |
| TastyUrban | Licenses digital food brands to restaurants and partner kitchens. | $7.1M | Q1 2025 | TastyUrban |
| Curefoods | Runs a house of delivery-first food brands in India. | $40.0M | Q4 2024 | Curefoods News |
| Rebel Foods | Runs a large cloud-kitchen network with many delivery-first brands. | $210.0M | Q4 2024 | Inc42 |
| Swish | Offers 10-minute food delivery from its own cloud-kitchen centers. | $2.0M | Q4 2024 | Indian Startup News |
| Munchfam | Helps restaurants launch virtual kitchens with tools and brand concepts. | $0.657M | Q4 2024 | Pitchdrive |
| IO Kitchens | Runs delivery-only food brands through a cloud-kitchen model in Oman. | $2.8M | Q3 2024 | Wamda |
| Charcoal Eats | Runs delivery-first Indian food brands through a mostly cloud-kitchen footprint. | $5.3M | Q3 2024 | Inc42 |
| Kitchens@ | Provides cloud-kitchen infrastructure and turnkey services for food brands. | $160.0M | Q2 2024 | Economic Times |
| Wonder | Runs a delivery-centric food hall and cloud-kitchen-style food platform. | $700.0M | Q1 2024 | Restaurant Dive |
| Kouzina Food Tech | Operates virtual restaurants with multiple cuisines on delivery platforms. | $1.27M | Q1 2024 | The Company Check |
| Ghost Kitchens India | Operates virtual restaurants and plug-and-play delivery food concepts. | $5.0M | Q1 2024 | Inc42 |
| The Cloud | Helps restaurants use spare kitchen capacity and host virtual brands. | $12.0M | Q1 2024 | Wamda |
This market map, featured in our ghost kitchen market deck, highlights top companies and startups in the ghost kitchen market
Related blog posts
- What are the latest developments in the ghost kitchen market?
- The latest news from the ghost kitchen market
- What is the real size of the ghost kitchen market?
- The latest funding news in the ghost kitchen market
- What are the latest fundraising trends in the ghost kitchen market?
- How funding activity has changed in the ghost kitchen market
