Business · India Bureau
L Catterton invests $30 million in southern restaurant chain Nandhana Foods
The global consumer-focused investment fund will acquire a minority stake in the restaurant group, backing its expansion across South India and entry into new markets.
LSN India ·
L Catterton, the consumer-focused investment platform, has committed $30 million to acquire a minority stake in Nandhana Foods, a prominent restaurant chain operating across southern India. The investment will support the group's strategic expansion within its core South Indian markets while simultaneously enabling it to explore opportunities in other regions.
The capital injection comes as Nandhana Foods seeks to strengthen its operational capabilities and scale its business footprint. The restaurant group plans to deploy the funds toward establishing new outlets, enhancing its supply chain infrastructure, and refining operational processes across its existing and new locations.
L Catterton's backing reflects growing investor confidence in India's organised restaurant and food service sector. The fund, known for its focus on consumer-oriented businesses, has previously invested in numerous food and beverage enterprises across Asia and beyond.
Nandhana Foods operates a chain of restaurants across South India, primarily specialising in South Indian cuisine. The investment marks a significant milestone for the regional restaurant operator as it pursues growth beyond its traditional market base.