- The company received a $400 million grant from the Saudi Arabian sovereign wealth fund earlier this year, according to WSJ;
- And is using money to buy several properties in the US, China, the United Kingdom and in India;
- And now, apparently, also in Brazil.
CloudKitchens, a shared kitchen startup founded in 2015 with Uber co-founder Travis Kalanick among its investors, will land in Brazil in the first half of 2020.
The information was confirmed by the Brazilian business portal Neofeed, which found that the company made its first registration with the São Paulo Board of Trade in April, under the name ‘Cozinhas do Futuro Administração de Imóveis Ltd’ (something like ‘Kitchens of the Future Real Estate Management’) . In November, the company’s capital was adjusted from BRL 10,000 to BRL 20 million.
The company based in Wilmingtion, city of the state of Delaware, confirmed to Neofeed that is coming to Brazil and also that the Venezuelan businessman Jorge Pilo will the executive responsible for the operation in the Latin American country.
According to Neofeed, Pilo has worked at Groupon Brasil, Easy Taxi, where he was CEO, and Cabify, the share riding company that recently bought and incorporated Easy Taxi’s operation on Brazil. The other name registered with the Brazilian subsidiary of CloudKitchens, according to Neofeed, is Daniel Botelho Mandil, executive with Uber and Uber Eats.
The company received a $400 million grant from the Saudi Arabian sovereign wealth fund earlier this year, according to a report in The Wall Street Journal, and is using money to buy several properties in the US, China, the United Kingdom and in India-–and now, apparently, also in Brazil.
The so-called cloud, ghost or dark kitchens are multiplying rapidly in Latin America. They are behind the scenes of the virtual restaurants, set up just to serve customers who order via the app.