 "Food packaging image via Shutterstock.")
Foodlink Restaurants, a Mumbai-based restaurant chain that operates under brands such as China Bistro, India Bistro and Glocal Junction, is in the process of raising about Rs 100 crore via the private equity route by mid next year, said its chairman and managing director Sanjay Vazirani.
The four-year-old company, which currently runs six restaurants in Mumbai and two in Hyderabad, plans to open 12 more outlets pan-India over the next one year, which would primarily be funded through internal accruals and some debt, he told mediapersons on Thursday.
“Our long-term plan is to open more than 30 restaurants across formats pan-India in the next three years. The proceeds of the proposed fundraising will be deployed towards this,” Vazirani said, adding that the company was working on a one-ticket restaurant format, the first outlet of which would be rolled out either in Mumbai or Hyderabad in six months from now.
