Will be investing three crore in Indian QSR.
Sashi Reddi, an early-stage investor after selling independent testing services company AppLabs Technologies Pvt Ltd to Computer Sciences Corporation (CSC) in 2011 is going to invest in QSR chain, Hello Curry.
Reddi will invest in the start-up through his venture, Sri Capital by setting up two stand-alone stores, four store-in-stores and two satellite kitchens across Hyderabad by end of the year.
Raju Bhupati, Director, Red Sprout Foods Pvt Ltd, the holding company of Hello Curry, said, “It will then expand to southern cities like Chennai and Bangalore by December next year after raising another round of investment in the range of Rs 40-60 crore from existing or new investors.”
Hello Curry serves Indian food, including biryani, kebabs and curries paired with rice and parathas with a 30 minute delivery promise.