Restaurant India News: Hunch Ventures Acquires Jamie Oliver Restaurants in India

New-Delhi based venture capital firm Hunch Ventures has acquired casual and fine-dine chain Jamie Oliver Restaurants in India from London-based consumer investor platform International Market Management (IMM) which held 51% stake in the business.

In Sept 2018, Hunch Ventures invested Rs 100 crore in US-based burger chain Wendy's and fine dining chain Jamie's Italian in India. The firm picked up 50% stake in Sierra Nevada Restaurants and Dolomite Restaurants, jointly owned by International Market Management (IMM), that operated Jamie's Pizzeria, Italian and Kitchen chains in India.

Confirming the news to Restaurant India, Jasper Reid shared, “Hunch, the joint venture partner of IMM, will now become the sole owner of Jamie Oliver Restaurants in India.”

He also mentioned that the UK shareholders were looking for an exit in the brand.

Hunch also owns and operate, Member’s only club The Quorum in Mumbai, Gurgaon, café chain Tea Monk in the F&B sector.

Jamie’s entered India in 2015 by opening first outlet at Ambience Mall, Vasant Kunj, New Delhi. And, today it operates, over 15 outlets in Delhi, Mumbai, Pune, Bengaluru, Hyderabad, Ahmedabad and Lucknow.