In an announcement earlier today, TMA Hospitality Services Pvt Ltd., owner of Bangalore based Quick Service Restaurant (QSR) chain Ammi’s Biryani, has raised INR 40 Crore ($7.2 Million) from SAIF Partners, a private equity firm that provides growth capital to companies in Asia.
Founded in 2008 by Mr. Navaj Sharief, Ammis Biryani provides a variety of fresh Biryani and Kababs in unique, hassle-free packaging through 13 outlets in Bangalore.
CreedCap Asia Advisors was the exclusive financial advisor to Ammi’s Biryani in the transaction while Link Legal Advocates acted as the legal advisor. CreedCap Asia Advisors is a Bangalore based boutique investment banking firm, founded in 2011, that provides start-ups and small & medium enterprises with financial advisory services such as Capital Syndication, Business Restructuring and Strategic Advisory with a focus on Healthcare, Consumer Services, Food & Beverage, Information Technology and Industrial related businesses.
Website: Ammi’s Biryani [Stay tuned for more from the Biryani makers]
Are you working for/running a startup? Then here’s your startup’s chance to win big! Apply now to showcase your startup on India’s biggest launchpad, get on a TV show & more! Click here.