TVS Shriram Invests Rs 50Cr In Papa John’s Franchisee

Moneycontrol.com:

In its sixth deal since it set up shop two years ago, the Chennai-headquartered TVS Shriram Growth Fund has invested Rs 50 crore to pick up an undisclosed stake in Om Pizzas & Eats Private Ltd, the Indian franchisee of international chain of Papa John’s Pizza, Chili’s Grill & Bar and The Great Kabab Factory. Om Pizza is promoted by Bahrain-based Jawad Business Group (JBG), which has the franchise for several global restaurant and retail brands with 650 restaurant and retail outlets across the Gulf Cooperation Council States.

TVS Shriram Growth Fund I is a Rs 600 crore fund managed by TVS Capital Funds Ltd.

Om Pizza currently operates 28 restaurant outlets across India. Papa John’s Pizza outlets are based in National Ca[ital Region, Mumbai, Bangalore & Pune.