Pizza Bakery founders Popo Global raise Rs 532 Cr from Artal Asia
Popo Global, which has 40 outlets across Bengaluru, plans to use the capital to expand beyond the city.
Bengaluru-based Popo Global, a restaurant chain operating three brands - The Pizza Bakery, Paris Panini, and Smash Guys - has secured Rs 532 crore in funding from Artal Asia. The company intends to expand its brands beyond Bengaluru. This is Popo Global's first external funding round as it has largely been bootstrapped since its inception in 2017. Brothers Nikhil Gupta and Abhijit Gupta founded the company.
Popo Global operates across dine-in and delivery formats, with standardized processes across its brands. The founders expressed gratitude towards Artal Asia, stating that the investment allows them to think bigger while maintaining their commitment to quality. Artal Asia, an affiliate of Artal Group, has a global portfolio that includes CAVA, a Mediterranean fast-casual brand in the United States.
In India, Artal Asia has invested in Capital Foods and now Popo Global. The Rainmaker Group acted as the exclusive advisor to Popo Global. Avijit Goel, a Partner at The Rainmaker Group, stated that the funding will position Popo Global to become India's most-loved restaurant business. The founders emphasized that their initial belief in providing quality food led to repeat customers, transforming their vision into a successful business.
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