Avendus Capital Advises Sapphire Foods on Its INR 225 cr Fundraise Led by Edelweiss Asset Management With Participation From Existing Investor

Sapphire Foods is delighted to welcome Edelweiss Private Equity on its board and looks forward to working with them and the existing shareholders in its quest to become the best Restaurant and Food Services Operator in the country. We are proud to operate Yum! Brands’ iconic KFC and Pizza Hut restaurants in India, Sri Lanka and Maldives and believe there is significant potential to expand our current restaurant base and bring joy to millions of customers through great tasting food and service. Sapphire Foods provides direct employment to over 8,500 youth across the country through our restaurants,

We see a high growth opportunity for food services brands (specifically QSR) – as the eating-out / ordering-in consumption is increasing. The digital discovery and fulfillment channel (on-demand delivery), while increasing demand for non-home food, significantly benefits brands like KFC / Pizza Hut by increasing the availability through home delivery. Sapphire, with its strong management team, robust processes, and bouquet of popular brands, is one of the few scaled up platforms to benefit from this incremental growth being created in the sector.