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