The Venture Codex

Participated · Equity · Jun 2023

Karma Kebab began as a sustainable late-night snack developed for Lowlands festival and sells a 100% plant-based kebab made from Dutch celeriac and grains. The brand operates distinctive food trucks at festivals and has developed a fixed 'festival food bar' formula aimed at young adults. Its first permanent location opened in Utrecht in June 2022 and a pop-up launched in Amsterdam in early 2023. The company combines foodservice with live events and activities to recreate a festival vibe in a fast-casual setting. Management plans to expand to multiple 300 m2 locations in major Dutch cities, with new sites planned in Amsterdam after summer and Rotterdam early next year and a target of at least 25 locations by end-2028. Financially, Karma Kebab has just secured new growth capital to support this expansion and international scaling ambitions.