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Sunday, September 2, 2012

Private equity firms hungry for restaurant chains


Mumbai, Sept. 2: There is a new flavour in the air. The scent of money has got a host of venture capital and angel investors lapping up the offerings of the food and beverage sector. India’s $13-billion fast food industry is largely fed by internationally renowned Western brand names. However, the sharp annual growth rate of 30-35 per cent of QSR (quick service restaurants) also known as fast food restaurants, has not gone unnoticed by institutional firms and private equity (PE) ventures.

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