Chennai-based biryani restaurant brand Dindigul Thalappakatti has raised an undisclosed amount in growth capital that values the brand at ?860 crore.
This is the second round of funding led by Tree Line Investment Management, along with other private and public individual investors.The family office of Indian conglomerate Havells Group is also a part of the investor cohort.Earlier in 2019, CX partners picked up a majority stake in Dindigul Thalappakatti for ?235 crore making it one of the largest investment in restaurant in India.
As per the company, with this funding round it is aiming to expand across Kerala, Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Sri Lanka.It is also aiming at opening 25-30 restaurants and cloud kitchens in the next one year.
Dindigul currently operates over 85 restaurants and cloud kitchens across South India, USA, Singapore, Malaysia, Sri-Lanka, Paris and UAE.Started by Mr. Nagasamy Naidu, The Thalappakatti Biriyani Hotel’s roots can be traced all the way back to 1957.
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