This will be one of the largest investments in a local restaurant chain brand in India.
Lite Bite Foods is the food and beverage retail business led by Dabur Group Chairman Amit Burman.
The private equity fund has bought a part of the stake held by two existing investors, Lighthouse and Intensive Softshare.
The impact investor has picked up a minority stake in Suminter, marking its second deal in the food and agriculture sector in the India.
The company will use the finance for expanding retail distribution into other cities of northern India, including Lucknow, Jaipur and Chandigarh.
Today, True Food Kitchen operates 23 restaurants in 10 states, with plans to double its store count in the next three years.
JPMorgan and Lazard are working with Kraft Heinz to find a buyer in a deal valued at about $1 billion, multiple sources close to the deal told ET.
Started in 2016, HungerBox operates across Bangalore, Chennai, Hyderabad, Mumbai, Pune, Delhi/NCR, Jaipur and Kolkata.
The startup has connected procures milk from about 600 farmers across villages in these areas.
The ‘School’s Out Fun’s In’ packages start from 15 June-31 August 2013 at Indian Shangri-La hotels.
Copyright © 2009 - 2024 Restaurant India.