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Jan, 22 2016

Foodlink Restaurant to raise Rs 100 crore to expand pan India

“A few private equity firms are interested in investing in us. We might go for infusing Rs 100 crore after six months,” said Sanjay Vazirani, Chairman and Managing Director, Foodlink Restaurants.

Foodlink Restaurants Private Limited, a Mumbai-based caterer and food retail chain, is planning to raise Rs 100 crore for expanding its footprint across the country.

The retail chain is planning to open 100 outlets of China Bistro, India Bistro and Glocal Junction, reported The Hindu Business Line.

“A few private equity firms are interested in investing in us. We might go for infusing Rs 100 crore after six months,” said Sanjay Vazirani, Chairman and Managing Director, Foodlink Restaurants.

The firm runs four China Bistro outlets in Mumbai and one each of India Bistro and Glocal Junction. While China Bistro offers Chinese and Pan-Asian food, India Bistro serves a range of Indian cuisines. Glocal Junction exclusively serves local delicacies.

“Our catering business does a turnover of Rs 70 crore and retail business Rs 30 crore. We are looking at opening outlets in the Southern and Western States, before expanding to the North,” he said.

The firm has invested about Rs 6 crore on its Hyderabad expansion. India Bistro and Glocal Junction outlets too would come to Hyderabad.

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