deGustibus Hospitality partners with India Value Fund Advisors
deGustibus Hospitality Private Limited (deGustibus), the Company that owns and operates popular F&B brands like Indigo, Indigo Deli, Neel, Tote on the Turf & Moveable Feast has partnered with India Value Fund Advisors (IVFA) to build India’s leading restaurant franchise. The Company currently operates 15 outlets across Mumbai and New Delhi.
As part of the deal, IVFA has committed to invest up to US$30 million in deGustibus.
IVFA was established in 1999 with a focus on investing in mid-sized profitable businesses and transforming them into world-class leading businesses, built on a strong foundation of IVFA values.
deGustibus, founded by Rahul Akerkar in 1996, is considered one of the most respected names in the industry. It is credited with introducing several path-breaking F&B concepts over the years, which continue to enjoy leadership position in their respective segments.
Mr. Haresh Chawla, Partner, IVFA said “We are very excited about this partnership. deGustibus is one of the most consistent and reputed brands in the Food services sector. And has a long-standing culture of excellence and delivering delightful experiences to consumers. It has a very strong talent pool of long-serving Chefs and Business Managers, whom we are backing to grow the company. We have twin objectives; strengthen and grow the current brands by adding more outlets, and introduce new concepts to penetrate new market segments.”
Mr Naresh Chander Oberoi, Chairman, deGustibus said, “deGustibus has developed very strong brand equity in the premium and casual dining formats over last 15 years. Our track record of sustainable growth combined with the entrepreneurial acumen of IVFA makes it an ideal partnership”.