Karakuri automated frying machine

Source: Karakuri

Robotic chef start-up Karakuri has been sold off in parts after entering into administration.

RSM, the administrators for Karakuri, sold a portion of the company’s assets for £350,000 to Henny Penny, a US foodservice equipment company, and supplier to Wendy’s, KFC and McDonald’s. 

The assets included three prototypes developed by Karakuri and intellectual property rights, according to UKTN.

The London-based company, which was backed by Ocado and had secured £13m worth investment, developed robotic tools to prepare and serve food, including a robotic arm that served personalised sushi dishes.

It had entered into a trial with Nando’s, and launched an automated frying solution at Hostech last year.

The administrators are expected to continue selling the remaining assets of Karakuri to recover value from any residual resources and pay back creditors.

Karakuri first announced it would enter administration in June.

The company was backed by First Minute Capital and the Future Fund.

Ocado holds a 26% shareholding via Ocado Ventures, administrator filings show.

CEO and founder Barney Wragg is the majority shareholder with a 36% stake.

The company was unable to secure additional external funding to support the business and therefore announced it would shut down, with 30 staff losing their jobs.

Damian Webb, a partner at accounting firm RSM, told the Telegraph: “Karakuri explored all available options to secure the available funding to take it to profitability. Regrettably, the current economic landscape undermined these efforts.”