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Oct, 25 2013

Burger King to Enter India

US based fast-food chain Burger King to enter India with Everstone Capital.

Burger King, one of the world's top fast-food companies is to mark their presence in India soon through a franchising partnership with private equity firm Everstone Capital.

The India venture will be headed by Rajeev Varman, CEO, Burger King, UK.  Varman, who has been associated with the burger chain for more than a decade recently spent a few weeks with the Everstone team studying the local market and meeting potential vendors. 

A person familiar with knowledge of the development said Burger King and Everstone are expected to sign the franchising agreement shortly. Everstone plans to invest $100 million to set up 500 outlets in the country over the next 7-10 years. 

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