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SEAF India invests in Kolkata-based QSR chain Guha Roy Food Joint & Hotel

By Anuradha Verma

  • 20 Aug 2014
SEAF India invests in Kolkata-based QSR chain Guha Roy Food Joint & Hotel

SEAF India Investment Advisors has invested an undisclosed amount in the Kolkata-based Guha Roy Food Joint & Hotel Private Limited, which runs biryani quick service restaurant (QSR) chain ‘Only Alibaba’ and fried chicken brand ‘Baked & Fried’, for a minority stake, according a statement.

The company will use the money to expand its Only Alibaba as well as Baked & Fried outlets in and outside Kolkata.

Founded in 2008 by Aniruddha Guha Roy -- who is a chartered accountant – Guha Roy Food Joint & Hotel had started its first restaurant in Central Kolkata under the brand name 'Only Alibaba', which offers Mughlai and Indian food. As of now, it runs 22 outlets under Only Alibaba in Kolkata.

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Under its Baked & Fried brand, the company offers burgers, fries, fried chicken and sandwiches; there are three such outlets.

“With these two formats, the company is one of the fastest growing restaurant chains in eastern India. SEAF has invested an undisclosed amount for a significant minority stake,” Hemendra Mathur, managing director of SEAF, said in the statement.

IndusAdvisors Private Limited acted as the sole financial advisor to Guha Roy Food Joint & Hotel.

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In December last year, SEAF India Agribusiness Fund invested an undisclosed amount in Bhopal-based Madhya Bharat Phosphate Pvt Ltd.

SEAF India Agribusiness Fund is managed by Small Enterprise Assisted Fund. The fund, which was floated in 2010 to invest in SMEs, has a $40 million corpus, and typically invests $2-5 million.

Other portfolio companies of the fund include Abhay Cotex Private Limited and Tropilite Foods Private Limited.

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(Edited by Joby Puthuparampil Johnson)

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