Biryani Blue’s fund raise.
Antares Legal Guides Yugadi Capital in Biryani Blues Investment: New Delhi, India – Antares Legal has successfully advised Yugadi Capital, a new fund under Carpediem Capital, in leading a significant investment round for Biryani Blues, a prominent quick-service restaurant chain in India. The transaction saw Biryani Blues raise approximately ₹40 crore (equivalent to $5 million), a move poised to fuel the popular brand’s ambitious expansion plans across the country.
The legal team from Antares Legal, instrumental in facilitating this investment, was spearheaded by Partner Surbhi Kothiala. She was ably supported by Associates Divyanshu Bansal and Priyanshi Aggarwal, who collectively navigated the complexities of the deal to ensure a smooth and successful fundraise.
Biryani Blues, a brand celebrated for its authentic dum biryani, has carved a niche for itself in India’s competitive food industry. Known for its commitment to delivering high-quality biryani, the chain has garnered substantial popularity among consumers. The fresh infusion of capital is expected to significantly bolster the company’s growth trajectory.
READ: Bombay High Court Slaps Rs 50,000 Fine on Yes Bank for Insisting on Aadhaar for Opening Bank Account
Raymond Andrews, Co-founder of Biryani Blues, confirmed that the newly secured funds will be strategically utilized for an aggressive expansion drive. The company aims to open 100 new stores across India over the next three years, a move that will considerably enhance its market presence and reach. This expansion underscores the growing demand for organized and quality-focused food chains in the country’s burgeoning culinary landscape.
This investment highlights the confidence of venture capital firms like Yugadi Capital in the potential of India’s quick-service restaurant sector, especially in niche segments like authentic regional cuisine. The partnership is expected to empower Biryani Blues to scale its operations, streamline its supply chain, and further solidify its position as a leading biryani brand.
READ: GameChanger Law Advisors Facilitates Speciale Invest’s Lead in Sthyr Energy’s $1 Million Fundraise
Transaction Details:
Lead Investor: Yugadi Capital (Carpediem Capital’s new fund)
Investee Company: Biryani Blues
Amount Raised: ~₹40 crore ($5 million)
Legal Advisor to Lead Investor: Antares Legal
Antares Legal Transaction Team: Surbhi Kothiala (Partner), Divyanshu Bansal (Associate), Priyanshi Aggarwal (Associate)
