Biryani Blues

Biryani Blues- a Quick Service Restaurant (QSR) chain operating by the Mumbai- the Gurgaon-based company named as Thea Kitchen Pvt. Ltd. Had announced the raised of an undisclosed amount in Series A funded by the Carpediem Capital, which is a private equity fund. Around INR 15 crore to INR 50 crore has been invested by the Carpedium Capital.

Thea Kitchen was established in 2013 by Raymond and Aparna Andrews and now planning to use this fund to increase the number of outlets in the upcoming months. Mr. Arvind Nair, the chairman of Carpedium Capital stated,

“The QSR format in India has been dominated by western chains in recent years. The QSRspace has attracted a lot of investor attention. We believe that the company (Thea Kitchen) has the opportunity to develop a highly scalable Indian QSR format”.

Today, QSR market is increasing with a pace and reach a revenue of INR 70 billion up to 2015-16. Biryani Blues is one of the popular restaurants, which serves Mughlai cuisine, especially Hyderabadi Biryani in the three outlets of Gurgaon. In the sector of QSR, Kolkata-based Wow! Momo raised funds from the Indian Angel Network in August Box8 and Faasos.

The Carpedium Capital targets on small and medium size business. Focus sectors include consumer products and services, consumer financial services, healthcare, logistics, managed services and education its investment. Mr. Aparna Andrews, the director of the Thea Kitchen stated that,

“Biryani as a dish lends itself very well to a chain format if that right focus is put on standardisation. Over the past two years, we have received a great response from the highly discerning Gurgaon market. With the latest fund raise, we are keen to expand our reach”.