The firm is making the investment to pick up 50% stake in Sierra Nevada Restaurants and Dolomite Restaurants.
The Minister stated that in recent years India and the US have strengthened their relations.
Ctrip is in talks to invest around $100 million in online restaurant discovery and food-delivery platform Zomato.
South African media giant Naspers is planning to invest $12-15 million in HungerBox.
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West Bengal is the third largest market for the company in the country
Eat.fit currently operates across 15 kitchens in 2 cities and has served over 1.5 million users to date.
The round has also seen participation from existing investors, including Accel Partners and Zephyr Peacock.
Fireside Ventures led the round with participation from Mohandas Pai’s 3One4 Capital, Madhu Kela and GITS Foods.
When it comes to market sales, India is about to overtake China as Amphora’s biggest market outside the UK.
This move will help the company to retain a presence in the Indian market.
Standards for alcoholic beverages will come into force from April 1, 2019 to coincide with financial year requirements of excise laws.
With the new round of funding, Swiggy also see entry of new investors like China’s Tencent and hedge funds Hillhouse Capital and Wellington…
In January, it announced a pre-Series-A investment by Unilever Ventures, Blume Ventures and Lenovo Capital.
The funds raised will be used by the company to expand into new geographies and build the network in Bengaluru.
RailYatri has further strengthened its supply side commerce capabilities as it continues to add new offerings to its travel marketplace.
HungerBox is a full stack foodtech company that is focused on the B2B space and operates over 100 digital cafeterias.
The operator of the biggest pizza chain in the country has posted a revenue growth of Rs 795.20 crore.
Nashik firm Siva Sai Export and Andhra Pradesh firm Polysetty Somasundaram Agro have finalised their investments.
Wow! Momo started with a single store inside Spencers in 2008 now boasts of having 150 plus outlets across India.
Devyani International Ltd the Indian franchisee of Yum Restaurants India, represents the KFC and Pizza Hut chains in the country
It presently operates four outlets and plans to open 50 outlets across the country by 2020.
Online food delivery space has seen a resurgence after a few tough years on the back of user numbers growing rapidly.
The amount will be used to fund company’s expansion in south India as well as provide part exit to existing investors.
Company recently launched a facility touted as India's largest commercial kitchen spread over 60,000 square feet on a two-acre plot located in the financial district of Hyderabad
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