L Catterton invests $30m for minority stake in Nandhana Foods

The consumer-focused investor will back the Andhra cuisine restaurant chain’s operational strengthening, deeper South India presence and expansion into new markets.

— Source publishedWed, 16 Sept, 2026, 21:22 IST·First seen Wed, 16 Sept, 2026, 21:25 IST·Source Business Standard · Companies

What happened

L Catterton will acquire a minority stake in Andhra cuisine restaurant chain Nandhana Foods for $30 million, backing operational strengthening, deeper South

Key facts

  • $30 million
  • over 30 years
  • around 30 restaurant businesses

What changed

L Catterton will acquire a minority stake in Andhra cuisine restaurant chain Nandhana Foods for $30 million, backing operational strengthening, deeper South India presence and entry into new markets.

Why this matters

Nandhana Foods can use L Catterton’s $30 million minority investment to strengthen operations, deepen its South India footprint and build capabilities for expansion into new markets.

What to watch

  • Number and location of net new restaurant openings over the next 12-18 months.
  • Evidence of entry into Mumbai, Pune, Delhi NCR or other non-core markets.
  • Same-store sales growth, delivery mix and reported unit-level profitability.
  • Hiring of experienced COO, CFO, expansion or supply-chain executives.
  • New central-kitchen, procurement or franchise-partnership announcements.

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