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PitchBook Analyst Note: The Burgeoning Ghost Kitchen Industry

Q1 2020

PitchBook Analyst Note: The Burgeoning Ghost Kitchen Industry

March 17, 2020

PitchBook Analyst Note: The Burgeoning Ghost Kitchen Industry
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While the ghost kitchen concept has been around for several years, the business model began receiving significant public attention in late 2019 when news broke that former Uber co-founder Travis Kalinek had raised $700 million in early-stage VC funding for his latest startup CloudKitchens. This note explores the drivers of this burgeoning industry, explains emerging business models, outlines key providers and investors and provides an outlook on ghost kitchens’ future.