EatClub Reports Rs. 515 Cr Revenue, Cuts Losses in FY24

EatClub, founded by Anshul Gupta and Amit Raj, has reported strong financial results for FY24, marking a significant step forward in India’s cloud kitchen space.

The company posted ₹515.5 crore (US$59 million) in revenue, a testament to the growing popularity of its delivery-first food brands. EatClub also reduced its net losses to ₹15.77 crore (US$1.8 million), showcasing enhanced operational efficiency and cost control. With a portfolio of 16 cloud kitchen brands, EatClub serves a diverse range of cuisines. Its flagship brands include NH1 Bowls, known for rice bowl meals, and Bhatti Chicken, which focuses on tandoori and North Indian fare.

Key Highlights

• Revenue hit ₹515.5 Cr (US$59M) in FY24
• Losses reduced to ₹15.77 Cr (US$1.8M)
• Operates 16 brands including NH1 Bowls & Bhatti Chicken

The company leverages an asset-light, cloud kitchen model to cater to India’s rising demand for quick, convenient, and quality meals.

EatClub’s performance in FY24 reflects broader consumer trends—shifting preferences toward home-delivered food, digital ordering, and affordable premium experiences. By balancing scale with brand depth and standardization, EatClub has built a replicable and profitable model in a highly competitive sector.

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As the Indian food delivery market matures, EatClub’s FY24 results put it on a strong growth trajectory. With a focus on profitability, strategic expansion, and brand innovation, the company is well-positioned to challenge incumbents in the QSR and cloud kitchen space.