Chennai-based TVS Capital Funds Ltd, a mid-cap growth equity fund, is aiming to invest the fund in quick service restaurant (QSR) space.
Refusing to give out details such as the name of the entity the fund is planning to invest in, the official spokesperson, said it will be a quick service restaurant and “not a Chennai-based one”.
It is reported that it will be the sixth company in the fund’s portfolio. The fund, jointly sponsored by Shriram Group, targets investments across consumer facing sectors such as retail, healthcare, education, hospitality, FMCG, restaurants, media and entertainment, facilities management, institutional catering and security services.
TVS Capital recently invested Rs 50 crore into Medfort Hospitals Pvt Ltd, a healthcare delivery business focused on eye and diabetes. It invested in Trent's subsidiary Landmark Ltd – a leading book and music retail chain; 99 Media – an integrated media and services player offering products across diverse platforms; Dusters – facility management service providers, and TVS Logistics.