IVFA invests USD 30 mn in deGustibus Hospitality

Private equity firm India Value Fund Advisors (IVFA) has invested USD 30 million (around Rs 190 crore) in chef Rahul Akerkar-founded deGustibus Hospitality, which runs 15 popular restaurants.
The PE fund didn't disclose the amount of stake picked up in the hospitality chain that operates restaurants like Indigo, Indigo Deli, Neel, Tote on the Turf and Moveable Feast, in Mumbai and New Delhi.
DeGustibus Hospitality was recently in the news after chef Rahul Akerkar split from the company.
"deGustibus is one of the most consistent and reputed brands in the food services sector. It has a long-standing culture of excellence and delivering delightful experiences to consumers," IVFA partner Haresh Chawla said in a statement.

He added the company has a strong talent pool of "long-serving chefs" and business managers, who will be backed to grow the company.
IVFA is entering with the twin objectives of strengthening and growing the current brands by adding more outlets, and also introduce new concepts to penetrate new market segments, Chawla added.