L Catterton backs Bengaluru's Nandhana Foods to fund global push
What's the deal? L CattertonDealroom has a profile for this one. Try Dealroom →, the consumer-focused investment firm, has signed a definitive agreement to invest in Bengaluru-based Nandhana FoodsDealroom has a profile for this one. Try Dealroom →, a restaurant group specialising in Andhra and Karnataka cuisine. The company operates two brands, Nandhana PalaceDealroom has a profile for this one. Try Dealroom → and RNRDealroom has a profile for this one. Try Dealroom →, across 36 outlets in Bengaluru and Chennai.
What's the endgame? The investment will fund Nandhana Foods' next growth phase across India and global markets. The group has served South Indian cuisine for more than three decades.
Why L Catterton? The firm has invested in around 30 restaurant businesses to date, including DishoomDealroom has a profile for this one. Try Dealroom →, P.F. ChangDealroom has a profile for this one. Try Dealroom →'s, Velvet TacoDealroom has a profile for this one. Try Dealroom →, and Mendocino FarmsDealroom has a profile for this one. Try Dealroom →. Its India-linked bets include ImpresarioDealroom has a profile for this one. Try Dealroom →.
"We believe there is significant headroom for additional growth by further deepening and broadening its presence in South India and penetrating other markets," said Vikram Kumaraswamy, a partner at L Catterton.
Why now? South Indian cuisine is one of the largest segments of India's food services market. Rising spending on dining out and food delivery is driving demand.
Founder and managing director Dr R. Ravichandar said the firm "has a profound grasp of our organizational DNA and an intricate understanding of the restaurant industry."
The signal: A global consumer investor betting on a regional Indian restaurant chain points to growing appetite for scaling homegrown food brands beyond their local base — and, potentially, abroad.
Read more: restaurantindia.in
Image credit: Generated with Gemini
