Paradise Biryani Aims for ₹100 Crore Fundraise to Expand Nationwide
Paradise Biryani plans ₹100-crore fundraise
The Economic TimesImage: The Economic Times
Paradise Biryani, a leading biryani brand from Hyderabad, plans to raise ₹100 crore (approximately $12 million USD) to fund its expansion across major Indian cities. The private equity firm Samara Capital, which owns Paradise Food Court, is negotiating with family offices to dilute a 10-12% stake for this investment.
- 01Paradise Biryani seeks to raise ₹100 crore for expansion.
- 02Samara Capital may dilute 10-12% stake to bring in new investors.
- 03The brand plans to launch 100 new outlets in three years.
- 04Current revenue stands at ₹300 crore, aiming for 160 stores.
- 05The biryani market is benefiting from increased online food orders and consumer spending.
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Paradise Biryani, one of India's most recognized biryani brands based in Hyderabad, is looking to raise ₹100 crore (approximately $12 million USD) to accelerate its expansion efforts. The private equity firm Samara Capital, which holds a 100% stake in Paradise Food Court, is in talks with various Indian family offices for this fundraise. The plan involves diluting 10-12% of its stake in the brand, which has been part of Samara's portfolio since 2014. Currently, Paradise operates about 57 stores across cities like Hyderabad, Bengaluru, and Gurugram, generating a revenue of ₹300 crore. With the new capital, Paradise aims to open 100 new outlets over the next three years, targeting major cities such as Pune, Kolkata, and New Delhi. This expansion comes amid favorable trends in the biryani market, driven by rising online food orders and improving consumer spending.
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The expansion will create job opportunities and increase access to Paradise Biryani's offerings in new cities.
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