Mowgli Street Food, the Indian street food restaurant, has secured a £3.45m funding from the Foresight Group, a private equity investment manager firm. This funding will be supporting the expansion plans of restaurant chain.
The Indian street food restaurant chain, founded in 2014 by Nisha Katona, currently has sites in Liverpool in Bold Street and Warner Street and in Manchester at the Corn Exchange. The chain has presented plans to open new sites across the UK, including in Birmingham and Leeds.
The founder, Nisha Katona, said, “This is a significant milestone for Mowgli Street Food, which will enable us to deliver on our ambitious plans to grow our business across the UK. I’m very grateful to RSM for their support on the transaction. From the outset, their logical approach, straightforward advice and round-the-clock support proved invaluable.”
Rob Donaldson, RSM’s head of corporate finance, who led the transaction team, said, “In a competitive sector, Mowgli Street Food is a genuinely exciting brand and we were delighted to support Nisha to secure this funding. We wish her, and Mowgli Street Food, the very best of luck in delivering their ambitious growth plan.”