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Mar, 30 2015

Riyaaz Amlani to raise Rs 120 crore, in talks with PEs

Earlier in 2011, Beacon Investments and Mirah Hospitality, which owns brands like Khandani Rajdhani, had collectively invested Rs 40 crore in the restaurant chain.

Riyaaz Amlani, who owns and operates restaurant chains like Social, Smoke House Deli and Salt Water Cafe amongst other, is in talks with more than dozen PEs to raise Rs 120 crore funding.

The group is planning to raise fund to expand services of its brands Social and Smoke House Deli which is operational in Mumbai, Delhi and Bengaluru.

“We have initiated the talks with many investors to expand our brand Social and Smoke House Deli, but the deal is yet to be finalised,” said Amlani talking to Restaurant India.

Impresario Entertainment has also hired Avendus Capital to look for potential investors to invest in their businesses.

Earlier in 2011, Beacon Investments and Mirah Hospitality, which owns brands like Khandani Rajdhani, had collectively invested Rs 40 crore in the restaurant chain.

Presently, the restaurant chain is present across 13 cities, with Social operating in one outlet each in Bengaluru and Mumbai and two in Delhi, whereas Smoke house deli is present across Delhi-NCR, Mumbai, Bengaluru and Kolkata. 

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