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RB Capital’s Kishin RK to open 1,000 cloud kitchens across Asia

Bloomberg
Bloomberg7/22/2020 08:33 AM GMT+08  • 3 min read
RB Capital’s Kishin RK to open 1,000 cloud kitchens across Asia
With restaurants either shuttered or reopening with vastly reduced capacity, and people staying home as second-wave outbreaks erupt, demand for food-delivery services has exploded.
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(July 22): Of all the ways our lives have changed during the coronavirus pandemic, few are as obvious as how, and where, we eat.

With restaurants either shuttered or reopening with vastly reduced capacity, and people staying home as second-wave outbreaks erupt, demand for food-delivery services has exploded.

Now Kishin RK, the 36-year-old heir to a multi-billion dollar Singapore property empire, is joining the fray, creating a network of 1,000 cloud kitchens across Asia, Europe and the U.S. to crack the lucrative home-delivery dining market. Globally, cloud kitchen revenue is estimated to climb to almost US$72 billion ($99.86 billion) by 2027 from US$43 billion last year, according to Allied Market Research.

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