Distributed kitchen service Pilotworks is shutting down
Distributed kitchen service Pilotworks is shutting down
Pilotworks, the distributed kitchen service which raised $13 million in venture funding from investors including Campbell’s Soup Co.’s investment arm, is shutting down.
The company issued a brief statement on its website yesterday with the news
It is with a heavy heart that after failing to raise the necessary capital to continue operations, Pilotworks will cease operations on October 13th,…
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If investors at some of the biggest technology companies are right, the next big restaurant chain could have no kitchens of its own. These venture capitalists think the same forces that have transformed transportation, media, retail and logistics will also work their way through prepared food business…
“Investors are pouring millions into the creation of a network of shared kitchens, storage facilities, and pickup counters that established chains and new food entrepreneurs can access to cut down on overhead and quickly spin up new concepts in fast food and casual dining.
Powering all of this is a food delivery market that could grow from $35 billion to a $365 billion industry by 2030, according to a report from UBS’s research group, the “Evidence Lab”.
...What gives companies like Kitchen United, Pilotworks and Cloud Kitchens hope is that they’re not required to actually create the next big successful concept in fast food or casual dining. They just have to enable it...
While the two companies have similar visions, they’re currently pursuing different initial customers. Pilotworks has pitched itself as a recipe for success for new food entrepreneurs. Kitchen United, by comparison is giving successful local, regional, and national brands a way to expand their footprint without investing in real estate...”
