Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 20 2014

Screwvala buys stake in Maroosh

Buys 43 percent stake in Lebanese food chain.

Ronnie Screwvala, Founder, UTV Group Media and Entertainment, has bought 43 percent stake in Maroosh, a Mumbai-based Lebanese restaurant chain. According to a media report, while Screwvala declined to comment on the valuation, bankers estimated the deal to be in the range of Rs 40-50 crore.

Commenting on buying the stake, Screwvala said, "The younger generation today is about 'left-hand' eating as they want to multi-task. Only international players have made some dent in the market till now. Given the Indian background on food taste in the world, it's a shame we haven't been able to do that.”

Screwvala has routed his investment through Unilazer Ventures and plans to open 50 outlets by next year and over 300 outlets in another three to four years. Screwvala also plans to revamp the existing 14 restaurants of the group.

Ketan Kadam, Owner, Maroosh, said, "What Ronnie brings to the table is not just money, but also value creation for our brand. The investment is to make sure we get our back-end and ecosystem right as we expand.

The restaurant also plans a new logo and a revamped menu.

Comment
Related opportunities
  • Fitness Equipment Stores
    About Us: Body Mechanism, Informally known as BM, Is an Advanced..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater DELHI New Delhi
  • Pharmacies
    About Us: Pharmatree is a successful brand promoted by industry experts..
    Locations looking for expansion Karnataka
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Hotel Chain
    About Us: MINT Brand was founded in Nov. 2015 with a..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Other Vocational Training
    About Us: Start your own business in education sector with Just Design..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1500 - 2500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gautam Buddha Nagar Uttar Pardesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities