Nandhana Foods Secures Investment from L Catterton, Eyes Global Expansion

L Catterton, the largest global consumer-focused investment firm, has entered into a definitive agreement to invest in Bengaluru-based Nandhana Foods, a leading restaurant group specializing in Andhra and Karnataka cuisine. 

The investment will support Nandhana Foods’ next phase of growth and expansion in India and global market. 

“We are pleased to partner with L Catterton, which has a track record of creating value for its portfolio companies across the world. The firm has a profound grasp of our organizational DNA and an intricate understanding of the restaurant industry,” shared Dr R. Ravichandar, Founder and MD, Nandhana Foods.

Nandhana Foods has been offering authentic South Indian cuisine for more than three decades, with a keen focus on taste, authenticity, food quality, freshness, and menu variety. Together with its unique and customizable spice profile, this dedication has enabled it to cultivate a loyal customer base.

“Nandhana Foods’ founding family has built a distinctive and scalable business with a strong consumer proposition and attractive unit economics. It has expanded the business in a disciplined manner and ensured that its restaurants remain anchored in high quality and consistency. We believe there is significant headroom for additional growth by further deepening and broadening its presence in South India and penetrating other markets. There is a clear path for prudently ramping up expansion, and we look forward to working closely with the founding family to drive continued growth,” added Vikram Kumaraswamy, Partner, L Catterton.

L Catterton has significant experience in building restaurant brands across the world. The firm has invested in around 30 restaurant businesses till date, with current and past portfolio companies in the space including Dishoom, P.F. Chang’s, Velvet Taco, Baja Fresh, Cheddar’s Scratch Kitchen, Cigierre, HUGE, Impresario, and Mendocino Farms.

Nandhana Foods is a restaurant group specializing in authentic Andhra cuisine and Karnataka cuisine, operating two iconic brands – Nandhana Palace and RNR. At present it operates 36 outlets across Bengaluru and Chennai.

Today, South Indian cuisine is one of the largest segments of India’s burgeoning food services market. Propelled by secular trends such as the rising per capita expenditure on dining out and patronizing food delivery services, as well as the increasing number of consumption occasions, the segment is expected to witness strong growth led by iconic brands like Nandhana Foods.