From Yahoo Finance · · 1m
L Catterton backs Nandhana Foods growth
L Catterton invests in Nandhana Foods to scale South Indian restaurant empire
In brief
L Catterton invests in Nandhana Foods to scale South Indian restaurant empire L Catterton's investment will help Nandhana Foods expand its South Indian restaurant presence across India and beyond Originally reported by Yahoo Finance.
L Catterton invests
L Catterton, the largest global consumer-focused investment firm, agreed to invest in Nandhana Foods, a leading South Indian restaurant group.
“Nandhana Foods' founding family has built a distinctive and scalable business with a strong consumer proposition and attractive unit economics.”
South Indian growth
South Indian cuisine is a major segment in India's expanding food services market, driven by rising dining out and delivery spending.
Nandhana Foods
Nandhana Foods has served authentic South Indian food for over 30 years with a focus on taste, quality, and menu variety.
L Catterton partner
L Catterton partner Vikram Kumaraswamy said Nandhana Foods has strong unit economics and a clear path for expansion in South India.
“We believe there is significant headroom for additional growth by further deepening and broadening its presence in South India and penetrating other markets.”
Nandhana Foods founder
Nandhana Foods founder Dr. R. Ravichandar praised L Catterton's understanding of restaurant operations and commitment to quality.
“We are excited about tapping into its astute insights and proven know-how to strengthen our operations in line with our commitment to providing high-quality food and service.”
L Catterton portfolio
L Catterton has invested in 30 restaurant businesses globally, including Dishoom and P.F. Chang's.
What to remember
L Catterton's investment will help Nandhana Foods expand its South Indian restaurant presence across India and beyond
