Dabur Vice Chairman Amit Burman promoted Lite Bite Food Pvt Ltd is looking at consolidation and is focusing on brands including Zambar, Asia7, Punjab Grill, Fresco and Bakers Street. The company is also rolling out more outlets outside India with 15-20 restaurants planned over the next 15 months. At present, it has 65 outlets in India and one in Singapore. In the next six months, the company aims to increase that to 70 outlets. “We are looking at a Lebanese food plus café concept and you should hear the announcement soon,” said Sharad Sachdeva, COO, Lite Bite Food Pvt Ltd. The firm also handles franchise operations of Subway, the world’s largest sandwich chain, and Pollo Campero, a quick service restaurant (QSR) chain serving fried chicken products. It also runs quick bite snacks chain under Rapps, Pino’s Pasta, Pizza & Salad Bar and Street Foods of India brands. In a video interaction with VCCircle, Sachdeva disclosed that IPO is definitely on the company’s agenda and should happen within three years. Sachdeva delves on the company’s IPO plans, perspective on acquisitions and potential of overseas markets.
Lite Bite Food COO Sachdeva on IPO, acquisition plans and consolidation roadmap
By VCC Staff
- 30 Jan 2013