SAIF Partners invests in India QSR chain Ammi’s Biryani

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Asia growth capital firm SAIF Partners has made an INR400m ($7m) investment into quick service restaurant chain Ammi’s Biryani.

The company, which is owned by TMA Hospitality Services Private Limited, sells biryani and kebabs in Bangalore through 13 sales outlets and a website.

The deal follows SAIF’s establishment of an INR1bn ($18m) platform to invest and manage a chain of quick service and casual dining restaurants.

CreedCap Asia Advisors served as the financial advisor to Ammi’s Biryani while Link Legal Advocates served as the legal advisor.

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