The beauty and wellness player is keen on acquisitions globally and has spotted Middle East and Southeast Asia as two key geographies.
This is the second deal of the year in the restaurant chain business. Last month, CX Partners invested $20 million in Barbeque Nation Hospitality.
The Hyderabad-based car services company is also looking to expand its operations in Gujarat and Maharashtra.
Last September, IDFC Private Equity Fund III invested $29 million in Parag through compulsorily convertible debentures.
Food & Agri