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.
The investment comes through an equal mix of debt and equity while we are also approved for Rs 10 crore as cold chain subsidy from the Ministry of Food Processing Industries.
Badal was addressing a round-table in London to promote her ministry's first-ever World Food India summit in New Delhi in November and called on British companies to use the platform to finalise their entry and collaboration plans.
Amit Jatia, Vice Chairman, Hardcastle Restaurants, said that the closure of stores is a local issue in Delhi and the impact is just a blip in short term.
The company plans to utilise the funds for building technologies and enhance operational capabilities.
The company will also be spending $3-5 million over the next 12-18 months, with a focus on digital and marquee sponsorship of events
The investment will help Freshly build a new East Coast kitchen and distribution centre in 2018 as it prepares to expand its U.S. service nationwide
The restaurant chain also looks at adding more cities like Ahmedabad, Indore, Goa, Mangalore, Vizag, Coimbatore, etc.
The now investing on infrastructure that can produce flavoured milk products, mineral fortified hydration products, fruit based products and traditional Indian drinks like Jalzeera flavoured Rimzhim.
Yellow Tie will open five stores in metros and in Tier- II cities
A deal will include a primary infusion of capital to grow the company’s existing brands like Social and Smoke House Deli
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