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Ronnie Screwvala buys stake in food chain Maroosh

Screwvala's Unilazer Ventures has picked up 43.5% stake for an investment of Rs 18 cr

BS Reporter  |  Mumbai 

Serial entrepreneur Ronnie Screwvala-led strategic investments company, Unilazer Ventures has picked up 43.5% stake for an investment of Rs 18 crore in Maroosh. The Quick Service Restaurant (QSR) offers a fusion of Indian and Lebanese cuisine.

Maroosh has 14 outlets and Unilazer Ventures aims to take it national. The organised food services industry is expected to grow at 21% from Rs 12,785 crore to Rs 33,250 crore by 2018.

Ronnie Screwvala said, "While fast food across the world is being criticised for obesity and more - and these global brands in their home country are being made to get healthier, the same initiatives are not being enforced by these brands here in India. Their menus are choc a bloc with junk food options. It is our endeavor to be one of the that works towards building strong Indian and Asian QSR offerings that caters to the Indian palette. This investment marks the first step in our strategy."

Maroosh is founded by serial restaurateur and food aficionado Ketan Kadam.

Unilazer Ventures is a strategic investor in E commerce verticals like Lenskart, Ekstop and Zivame.

 

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First Published: Thu, March 20 2014. 14:46 IST
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