Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 21 2018

Hunch will make investment in Wendy's & Jamie's Indian operators

The firm is making the investment to pick up 50% stake in Sierra Nevada Restaurants and Dolomite Restaurants.

Venture capital fund Hunch Ventures will invest Rs 100 crore in two companies operating US-based burger chain Wendy's and fine dining chain Jamie's Italian in India. The firm is making the investment to pick up 50% stake in Sierra Nevada Restaurants and Dolomite Restaurants, jointly owned by International Market Management (IMM).

IMM is a London-based consumer brand headed by entrepreneur-restaurateur Jasper Reid.

Reid said, "Wendy's has now found the right model for India and is planning to open 300 Wendy's outlets in the next 5-10 years. The company plans to open about 80 Jamie’s branded restaurants during the same period."

Karanpal Singh, Founder of Hunch, said, "We have been looking for the right food businesses that are scalable and to be able to integrate with our other assets like tech, media and our hospitality knowledge. We want to leverage all those different capabilities."

So far, Hunch has invested about $150 million in various tech firms, which includes Indiaroots.com, healthcare venture, and high-end concierge services among other entities.

The agreement comes after Rollatainers, Amtek group company, had sold its 50% stake in Wendy's to IMM. 

Comment
Related opportunities
  • Competitive Exam Coaching Institute
    Want to be an entrepreneur in the education sector? IBT..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Competitive Exam Coaching Institute
    About Us: Dr.'s Point and Er.'s Point institutes are  Pioneer in..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: Ministry of Thickshakes is posed to be a leading..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • About Us: •Sizzle House is the quintessential eatery, located on one..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
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