Delhi-based startup Big Fish Ventures is in talks with private equity funds to raise Rs 160-175 crore and a deal is likely to be announced within a couple of months.
Big Fish, which runs premium dining lounges like the Junkyard Cafe, the Vault Cafe, also plans to increase by then its outlets count to 12 in Delhi.
The company also plans to launch over 40 outlets across the country and also overseas in coming two years.
"We are in talks with private equity funds to raise about Rs 160-Rs 175 crore. The funding deal is likely to be completed by March or mid-April," Big Fish Ventures Chief Mentor Nishant Singhal told PTI.
He added the company will be expanding its outlets across the country in two years and has already finalised space at Mumbai, Chandigarh, Murthal and Dubai.
The company currently has 8 outlets in Delhi and four more will be opened in two months.
Big Fish Ventures also launched a mobile application today that will allow its customers to make reservations and avail promotional offers.
It believes that the application will cater to its 60,000 customer base who frequent the restaurants every month in a better way, and plans to bring over 2 lakh customers by the end of 2016.
"We will bring over 2 lakh customers on our mobile app by end of 2016 and will be doing over 5,000 table reservations per day by June 2016. We plan to invest over USD 3-4 million over next 3 years," Big Fish Ventures founder Umang Tewari said.
