The capital raised will empower abCoffee to expedite enhancements in its supply chain and technological infrastructure, facilitating the delivery of on-demand coffee beverages at reduced costs and faster turnaround times.
With enhanced production capabilities, Scandalous Foods is now poised to broaden its footprint across the food service industry and build a robust HoReCa base in key markets, including Mumbai and Nasik.
The funds raised will be used towards marketing initiatives and other inventory-related expenses, enhancing IDC's outreach and sustaining its commitment to delivering an authentic South Indian culinary experience.
The successful partial exit from Burger Singh not only underscores Rannvijay Singh's keen business acumen but also his ability to identify and support high-potential ventures in their growth phase.
They are expected to allocate an estimated capital expenditure of Rs 5,800 crore, leveraging the growing affordability and heightened consumer demand for fast foods.