- Kbox Global faces insolvency.
- Dark kitchens struggle financially.
- Interpath Advisory involved in resolution.
Interpath Advisory is overseeing Kbox Global’s insolvency as “dark kitchen” providers face financial strain.
Kbox Global, a company that helps restaurants utilize surplus food production capacity, is facing imminent insolvency, underscoring the growing financial challenges in the “dark kitchens” sector.
After a recent funding injection fell through, Kbox Global, which launched in 2019, has reportedly engaged insolvency experts as a precaution.
Interpath Advisory is being considered to act as administrators for Kbox, and a formal filing could occur as early as this week, according to city sources.
Investors can prevent insolvency by adding cash in the next days.
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Salima Vellani’s sudden departure from Kbox last year reportedly surprised investors due to the lack of prior notice.
Since its inception, Kbox, which helps kitchens respond to local food delivery demand using real-time data, has attracted tens of millions of pounds in investor funding.
Prominent venture capital firms, including Balderton Capital and Hoxton Ventures, are among its shareholders.
Kbox has partnered with notable YouTube personalities and food operators like SuperRico and MrBeast Burger.
Amid financial challenges faced by many dark kitchen operators, including those that raised significant capital to meet demand that hasn’t materialized, Kbox’s demise appears imminent.
A dark kitchen is a food business that offers pickup and delivery options to customers through phone and online orders, operating independently from the kitchen of an existing restaurant.
