SAIF Partners Investing US$7.2 Million in Bangalore QSR Chain Ammi’s Biryani (Asia)

Source: VCCircle  |  Author: Madhav Chanchani

Asia-focused private equity firm SAIF Partners has invested INR400 million (approximately US$7.2 million) into TMA Hospitality Services, which manages fast food restaurant chain Ammi’s Biryani. SAIF Partners recently established a separate INR1 billion (approximately US$18 million) investment vehicle, Zooropa Foods, to finance and manage a chain of quick service and casual dining restaurants.