Can you tell me about the recent capital raising done by Sapphire Foods?

Sapphire Foods India, a QSR company and one of India’s largest franchisees of the Yum Brands, secured a strategic investment of Rs.1,150 crore from PE funds led by Creador, NewQuest Capital and TR Capital. Samara Capital is a backer for Sapphire Foods.

Sapphire Foods is an omnichannel restaurant operator and operates a total of 437 restaurants of KFC, Pizza Hut and Taco Bell in South Asia. Interestingly, a recent IPO candidate, Devyani International, is also a franchisee of Yum brands in India.