Truffles taps Spark Capital to find PE backers at ~₹800 cr valuation
Bengaluru-born casual dining chain Truffles has hired Spark Capital to scout PE investors for a stake sale at ~₹800 crore, pricing the deal at 3-4x revenue. FY25 revenue hit ₹159.1 cr (vs ₹140.3 cr FY24) with ₹17 cr profit across 8 branches and 3 cloud kitchens. Proceeds will fund a push beyond Bengaluru.
What happened
Bengaluru restaurant chain Truffles has appointed Spark Capital to find PE investors for a stake sale at a ~₹800 crore valuation, with proceeds earmarked to
Key facts
- ₹800 crore valuation
- 3-4x revenue multiple
- ₹159.1 crore FY25 revenue
- ₹140.3 crore FY24 revenue
- ₹17 crore profit
- 8 branches
- 3 cloud kitchens
- $80 billion food services market
- 10-11% CAGR
Why this matters
Truffles' raise signals consolidation pressure in India's casual dining mid-market, making it a potential strategic target or comp benchmark for any F&B platform play scouting profitable, sub-₹200 cr regional brands.