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Sapphire Foods, which operatesYum! Brands’ Pizza Hut, KFC and Taco Bell, has raised ₹225 crore in a fresh round of funding led by Edelweiss Private Equity.
Existing investor Goldman Sachs, too, participated in the round.
L&L Partners acted for Sapphire Foods with a team led by Partner Rohan Shah along with Nipun Vaid and Navomi Koshy.
Economic Laws Practice acted for Edelweiss Private Equity and the team was led by Partners Darshan Upadhyay and Amit Manubarwala along with Senior Associate Ananthram Ganesh and Associates Alysha Razvi and Karan Narvekar.
The investment will be used for expansion activities, The company operates more than 350 KFC, Pizza Hut and Taco Bell restaurants across India, Sri Lanka and the Maldives, reported Mint.