Virtual Dining Concepts
Date | Investors | Amount | Round |
---|---|---|---|
* | $20.0m | Series A | |
Total Funding | €18.2m |
Recent News about Virtual Dining Concepts
EditVirtual Dining Concepts (VDC) specializes in creating and managing celebrity-driven virtual restaurant brands that operate exclusively through delivery services. The company partners with existing restaurants to launch these virtual brands, leveraging the restaurant's current kitchen infrastructure to generate additional revenue streams without the need for upfront fees. VDC targets restaurants looking to maximize their kitchen utilization and attract new customers through innovative, celebrity-endorsed menus. The business model involves collaborating with high-profile celebrities to create unique food concepts that are marketed and sold online, with orders fulfilled by the partner restaurants. This approach allows VDC to tap into the growing market for food delivery services, driven by changing consumer preferences and the impact of the COVID-19 pandemic. VDC generates revenue through a commission-based model, taking a percentage of each sale made through its virtual brands. The company serves a diverse range of clients, from independent restaurants to large chains, providing them with a turnkey solution to increase profitability and market reach.
Keywords: virtual restaurant brands, celebrity endorsements, delivery-only, kitchen utilization, revenue streams, food delivery, commission-based model, partner restaurants, turnkey solution, market reach.