Home » Business » Finance » Mast Kalandar raises Rs. 33 Crore Series-C Venture Funding
Last updated: December 3, 2012 at 14:34 pm

Mast Kalandar raises Rs. 33 Crore Series-C Venture Funding

Mast Kalandar, one of the leading food chain, catering primarily in North Indian Vegetarian food, has raised USD 6 million from Helion Venture Partners and Footprint Ventures. This will be their 3rd round of funding. Helion leads this round with Footprint Ventures as co-investor.

marketplace

Mast Kalandar, started in 2005 by husband-wife duo of Gaurav and Pallavi, currently has 40 outlets in Bangalore, Chennai, Pune and Hyderabad. The funds raised in this round of funding will be used to grow from existing 40 outlets to 100 outlets in the next 18 months.

Mast Kalandar’s previous round of funding came in October 2010 and now have raised total of USD 11 million (INR 54 crore).

Quick Service Restaurant Market in India

QSR market in India is growing at a healthy pace. Many players are successfully making their debut in this previously fragmented and unorganized market. According to estimates, the total “eating out” market is pegged at Rs. 33000 crore, out of which organized market is roughly 8000 crore rupees garnering one fourth of the entire market. The new QSR companies are tapping this unorganized market and bringing them into organized mode.

QSR Company’s like Kaati Zone, Faaso’s, Goli Vada Pav and Steammo have seen good interest from VC community and have managed to garner good valuations as well.

Mast Kalandar’s Growth

The home delivery, take-away and dine-in options have fuelled the growth of Mast Kalandar in the home meal replacement market. Mast Kalandar chain currently serves two lakh customers every month across its outlets. With over 550 employees, Mast Kalandar operates on a hub and spoke supply chain model that lends itself to standardisation, cost control and scalability.

1 Comment

Click here to post a comment

Indian Startup Funding Investment Chart List 2016

Check out our Youtube Channel!

Best Budget Headphone Under Rs. 500? Philips SHS 390 Review

You can buy these headphones for Rs. 400 from Amazon here *** http://amzn.to/2ngZ7nS *** We have be…

Reliance JIO Opens YEARLY RECHARGE! Get 120GB Data Free Now!

Great news for Jio Prime users. The BOGO offer which gave you 5GBs of data free for 1 month has not …

WOAH! Over 84% of JIO Subscribers Will Continue even After Free Offer Ends!

As the free trial of Jio’s free services under the Happy New Year Offer is ending, the market is r…

FREE AIRTEL 4G HOTSPOT DEVICE With New Offers!

Bharti Airtel has come up with two new special offers of Rs. 3,200 and Rs. 4,000 for the customers w…

Subscribe to Our Youtube Channel

who's online