Nirula’s Aims to Expand to 300 Outlets in the Next 2 Years, Expanding Its Presence in Tier I Cities
Nirula's, the fast food chain founded in 1977, aims for 300 outlets within two years, with a push into Tier I cities. After BanyanTree Growth Capital bought it in 2018, the brand grew to 150 outlets in Delhi-NCR and now operates across more than ten states. Mumbai and Hyderabad come next, with a wider pan-India rollout planned.
Summary by QSR Wire India. The full story is on the publisher's site.
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- Deal Nirula's BanyanTree Growth Capital, a Mumbai-based PE fund, acquired Nirula's in 2018