Vatika Grp to invest Rs 100cr for 200 'Nukkadwala' restaurants

The quick service outlets will serve street food from all corners of the country reflecting regional diversity

Diversified group Vatika is looking to invest Rs 100 crore to open around 200 restaurants under the 'Nukkadwala' brand across the country by the end of 2019.

The quick service restaurants will serve street food from all corners of the country reflecting regional diversity, Vatika Group said.

"We plan to invest Rs 100 crore to open around 200 Nukkadwala restaurants in India by the end of 2019," Vatika Group Managing Director Gaurav Bhalla told PTI.

The brand is being launched first in Gurgaon to be followed by four locations in the National Capital Region, he added.

"Deployment of state of the art technology at these restaurants would aim to enhance the guest experience, aid the operations and drive down the costs," Bhalla said.

When asked how the company plans to raise the funds for investment in these outlets, Bhalla said: "It will be through internal accruals.