Ammi’s Biryani Raises INR 40 Crore from SAIF Partners
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]
Latest posts by Team YS (see all)
- Key insights on education startups from EduStars 2013 report to be released soon: Part 1 - December 4, 2013
- Check out the EduStars speaker line-up; book your ticket now! - December 2, 2013
- Register now for the AWS Cloud Kata learning session in Mumbai, 14th December - December 2, 2013
- Binny Bansal, co-founder of Flipkart in conversation with Shradha Sharma at TechSparks 2013 - November 28, 2013