Cape Town based investor Silvertree Holdings has invested R5-million in return for a majority stake in former OrderIn co-founder Heini Booysen’s new dark kitchens business.
Also known as a “ghost kitchen”, “virtual kitchen” or “cloud kitchen”, Cape Town based Darth Kitchens is a delivery-only establishment that can only be accessed via food delivery apps like UberEats, Mr D and OrderIn.
Booysen (pictured above, centre with Silvertree’s Manuel Koser and UCook’s David Torr) confirmed to Ventureburn today that Silvertree has taken a 51% stake in Darth Kitchens, and that the investor plans to inject a further amount early next year, which Silvertree put at R30-million.
Booysen left OrderIn about a year ago but confirmed that he still has a small stake in the business, which was founded by former Goldman Sacks associate Dinesh Patel in 2012 before Booysen joined as a director a year later.
The New York co-founder of Seamless, Paul Appelbaum, helped fund OrderIn initially, said Booysen.
Silvertree Holdings has invested R5m in return for a 51% stake, in former OrderIn co-founder Heini Booysen’s new dark kitchens business
Booysen said the R5-million from Silvertree has been used to fit out a 400 square Click here to read entire article
Source:: Venture Burn