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Daily Newsletter | February 20, 2020
OPERATION
Swiggy Bags $112 million in Series I round funding from Naspers, others
Apart from the above investors, Swiggy counted DST Global, Bessemer Venture Partners, Norwest Venture Partners, Accel Partners, Saif Partners etc among its investors.
STORE LAUNCH
Coffee Culture launches its first café in Bhavnagar, Gujarat
This is Coffee Culture’s 23rd Outlet in India. The chain is also eyeing at opening two more cafes by the end of the first quarter.
Express Food Joints / Drive Through
So Cheesy
Investment Range
10 Lac - 20 Lac
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Casual Dine Restaurants
The American Connection Diner
Investment Range
30 Lac - 50 Lac
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Fine Dine Restaurants
Midway Cafe India
Investment Range
10 Lac - 20 Lac
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Express Food Joints / Drive Through
The Samosa Express
Investment Range
5 Lac - 30 Lac
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PEOPLE
Chefs and Restaurateurs Speak Out Against Latest UK’s Immigration Rules
Industry experts voiced out concerns after the UK’s new immigration rules
PEOPLE
“The simplicity of Dishes coupled with Story-telling will remain the Winner”
In an interview to Restaurant India Chef Prakash Chettiyar, Executive Chef, JW Marriott Kolkata shares about growing food trends in the city.
BUSINESS EXPANSION
How Luxury Brands Are stepping into Food Business
In 2014, LVMH’s Asian investment arm L Capital Asia bought more than a 90 percent controlling stake in Chinese restaurant group Crystal Jade for more than $100 million.
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