L Catterton backs Nandhana Foods at an estimated ₹2,000 crore valuation
L Catterton has signed a definitive agreement to invest in Nandhana Foods, owner of Nandhana Palace and RNR. The capital will support operational strengthening and expansion across South India and other markets.
What happened
L Catterton signed a definitive agreement to invest in South Indian restaurant group Nandhana Foods, owner of Nandhana Palace and RNR. The funding will support
Key facts
- Valuation estimated at around Rs 2,000 crore
- More than three decades of operations
- L Catterton has invested in around 30 restaurant businesses
What changed
L Catterton signed a definitive agreement to invest in South Indian restaurant group Nandhana Foods, owner of Nandhana Palace and RNR. The funding will support operational strengthening and expansion, with sources valuing the business at about Rs 2,000 crore.
Why this matters
L Catterton’s investment at an estimated ₹2,000 crore valuation gives Nandhana Foods the capital to strengthen operations and accelerate restaurant expansion across South India and beyond.
What to watch
- Disclosed investment size, ownership stake, board representation and whether the deal includes primary growth capital versus secondary liquidity.
- New-city launch announcements, store-opening cadence and any stated target for restaurant count over the next 24-36 months.
- Evidence of supply-chain buildout, commissary kitchens, warehouse capacity or long-term vendor contracts.
- Leadership hires in COO, CFO, development, digital and procurement roles.
- Same-store sales growth, average order value, delivery mix, restaurant-level margins and payback periods for new outlets.