Helion Venture, Footprint Invest In QSR - Mast Kalandar
by Charmi Gutka
Helion Ventures along with Footprint Ventures has invested additional R32.5 Cr ($6 Mn) in Mast Kalandar, a QSR chain run by Spring Leaf Retail Private Limited.
The funds raised will be utilized to expand its number of outlets from 40 to 100 across 8 cities in next 18 months.
In this third round of investment, Helion Ventures has invested $5 Mn while the balance is infused by Footprint Ventures in ethnic Indian food chain that has now raised a total of $11 Mn in equity capital.