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 includes delivery-only kitchens, virtual restaurant brands, and shared kitchen sites built for online food orders.
We conducted deep research and collected 21 ghost kitchen funding deals announced between 2024 and the second quarter of 2026.
We refresh this ghost kitchen market page very often to add newly announced funding rounds and improve existing information.
And if you want to better understand this new industry, you should get our beautiful slides covering the ghost kitchen market.
Insights
- The 21 ghost kitchen funding deals raised about $1.32 billion in total. However, three large transactions represented almost 80% of all disclosed funding.
- Wonder's $700 million financing was the largest ghost kitchen funding deal. The round alone represented more than half of the total capital in this list.
- Ghost kitchen funding reached about $1.15 billion in 2024, compared with $127 million in 2025 and $49 million through the second quarter of 2026.
- The lower funding totals after 2024 do not mean the ghost kitchen market stopped growing. Investors continued to support smaller operators with clear brands and focused expansion plans.
- Indian companies represented 12 of the 21 ghost kitchen funding deals. India remains the most active country in this global list by number of transactions.
- Swish raised three separate rounds between late 2024 and early 2026. The company's disclosed funding increased from $2 million to $14 million and then $38 million.
- Curefoods completed three ghost kitchen funding deals during the period. These rounds raised a combined $83 million for brand development, expansion, and pre-IPO preparation.
- The ghost kitchen market includes several business models. Funded companies operate private kitchens, shared kitchen hubs, digital food halls, virtual brands, and rapid food delivery networks.
- Several recent ghost kitchen deals focused on regional food brands. Dil Foods, Hangry, Paket Mutfak, and TastyUrban show that local menus can support scalable digital restaurant platforms.
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) |
|---|---|---|---|---|
| Dil Foods | Builds regional virtual food brands that operate through existing restaurant kitchens. | $7.5M | Q2 2026 | The Economic Times, BW Retail World |
| Swish | Delivers freshly prepared food in ten minutes using its own kitchens and delivery network. | $38.0M | Q1 2026 | TechCrunch, Entrackr |
| Paket Mutfak | Operates delivery-focused food brands from shared cloud kitchen locations in Turkey. | $3.8M | Q1 2026 | Tech.eu |
| Hangry | Operates several Indonesian virtual restaurant brands through a cloud kitchen network. | $10.5M | Q4 2025 | TechNode Global, Tech in Asia |
| Curefoods | Operates delivery-first food brands including EatFit, CakeZone, and Nomad Pizza. | $18.0M | Q3 2025 | Economic Times, Financial Express |
| EatClub | Owns cloud kitchen brands including Box8, Mojo Pizza, and LeanCrust Pizza. | $22.0M | Q3 2025 | Entrackr, Economic Times |
| Rebel Foods | Operates a global network of cloud kitchens and delivery-first restaurant brands. | $25.0M | Q2 2025 | Entrackr |
| Sizl | Prepares cook-to-order meals for delivery through a dark kitchen business model. | $3.5M | Q2 2025 | TechCrunch |
| TastyUrban | Creates delivery-only food brands and licenses them to restaurant partners. | $7.1M | Q1 2025 | TastyUrban |
| Swish | Delivers freshly prepared food in ten minutes from company-controlled cloud kitchens. | $14.0M | Q1 2025 | Economic Times, Entrackr |
| LANCH | Builds digital food brands with creators for delivery and customer pickup. | $27.0M | Q1 2025 | TechCrunch, Tech in Asia |
| Rebel Foods | Operates cloud kitchens and brands including Faasos, Behrouz Biryani, and Oven Story. | $210.0M | Q4 2024 | Inc42 |
| Curefoods | Runs multiple food brands through cloud kitchens and delivery-first restaurant operations. | $40.0M | Q4 2024 | Restaurant India |
| Swish | Delivers freshly prepared meals in ten minutes from company-run cloud kitchens. | $2.0M | Q4 2024 | Economic Times |
| IO Kitchens | Operates delivery-only meals across three kitchens and more than 30 food brands. | $2.8M | Q3 2024 | Wamda |
| Kitchens@ | Provides shared cloud kitchen infrastructure for restaurant and delivery food brands. | $145.0M | Q2 2024 | Entrackr |
| Charcoal Eats | Operates a delivery-first biryani and quick-service food brand through cloud kitchens. | $5.4M | Q2 2024 | Economic Times |
| The Cloud | Helps restaurants use spare kitchen capacity to prepare delivery-only food brands. | $12.0M | Q1 2024 | Wamda |
| Ghost Kitchens India | Builds and operates virtual restaurant brands from cloud kitchen locations in India. | $4.95M | Q1 2024 | Economic Times Retail |
| Wonder | Operates a digital food hall offering meals from several chefs and restaurant brands. | $700.0M | Q1 2024 | Fenwick |
| Curefoods | Operates cloud kitchen brands including EatFit, CakeZone, Sharief Bhai, and Nomad Pizza. | $25.0M | Q1 2024 | Entrackr |
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
