Big Fish Ventures to invest Rs 250 crore on restaurant business – Feedback

Big Fish Ventures, a Delhi-based restaurant business that runs dining lounges including The Junkyard Cafe, The Vault Cafe, Garam Dharam and Cafe OMG, is planning to expand the business from its current seven to 15 restaurants in the next two years across India and the Middle East. In the longer run, the company plans to open 40.

On the company’s agenda next is the launch of a new restaurant concept, “Local” – spread across 14,000 sq. ft. in Connaught Place in Delhi and another Garam Dharam in tier-2 town Murthal by November 2016. The firm is also following suit in Ludhiana, Chandigarh and Amritsar and Dubai by 2018. Tewari said the company is looking to set up two other celebrity concept restaurant like Garam Dharam. Currently no names can be disclosed as the deal is underway, he said. The next would be a Michelin-starred restaurant concept that he will bring to Mumbai. “We are currently only investing organically through friends and family. My partners bring in the sweat equity for my projects but the brands belong to me. For us, it takes Rs 5-6 crore to set up an outlet. Over the next two years, we will have invested s Rs 250 crore on the restaurants,” he said.

http://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/big-fish-ventures-to-invest-rs-250-crore-on-restaurant-business/54260049

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