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deGustibus Hospitality Private Limited (deGustibus), the company that owns and operates food and beverage brands like Indig, Indigo Deli, Neel, Tote on the Turf & Moveable Feast has partnered with India Value Fund Advisors (IVFA) to build India’s leading restaurant franchise. The company currently operates 15 outlets across Mumbai and New Delhi.
As part of the deal, IVFA has committed to invest up to $30 million in deGustibus.
IVFA was established in 1999 with a focus on investing in mid-sized profitable businesses and transforming them into world-class leading businesses, built on a strong foundation of IVFA values.
deGustibus, was founded by Rahul Akerkar in 1996. Naresh Chander Oberoi, Chairman, deGustibus said, “deGustibus has developed very strong brand equity in the premium and casual dining formats over last 15 years. Our track record of sustainable growth combined with the entrepreneurial acumen of IVFA makes it an ideal partnership”.
Indian consumers spent over Rs 128 billion in FY13 towards food in the organized restaurant segment, which is estimated to be just 5% of the total market. The organized segment is expected to grow Rs 333 billion by 2018 or 10% of the total pie.
