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.
Event & Sessions
Explore Upcoming Events And New Age Agendas
18-19 May - (IICC) India International Convention and Expo Centre, Delhi, India
Franchise India 2024 Delhi
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 government is also looking at a proposal to set up cold storage in existing mandis across the country for fresh fruits and vegetables to help farmers, added the minister.
The company is also looking to expand its manufacturing capacity at its existing complex at Phillaur and also plans to set up a food park and manufacturing plant in Himachal Pradesh.
Under the new requirements, restaurants up to 100 seat covers connected with Municipal/ Delhi Jal Board Sewer system connected to DJB STPs, are now exempted from installing Effluent Treatment Plants.
Moshe’s Fine Foods started operations in 2004 when it opened its first outlet at Cuffe Parade, Mumbai.
These have been launched in South and would be introduced in other regions of the country in coming months.
The group which is present in Bengaluru and is catering to corporate and IT crowd is delivering 3500 orders a day to these locations.
Currently operating in Gurgaon, Eatonomist caters to corporate in the region.
It has also formed a JV with a Canadian Research company -- D J Hendrick -- to offer high yielding non-GM soya seed varieties to Indian Farmers.
Over the past couple of decades, locally grown wines have gained immense popularity.
Today, the group is focusing on packaged food division, and is targeting revenue of Rs 150 crore by the end of 2016.
Copyright © 2009 - 2024 Restaurant India.