Paradise Biryani plans 100 new outlets in 3 years as Samara Capital backs expansion
Hyderabad, May 21 -- Paradise Biryani is planning a major national expansion with the opening of around 100 new outlets over the next three years, backed by fresh investments from private equity firm Samara Capital, according to company executives.
Speaking to ANI, Nilay Pratik, Managing Director at Samara Capital, said the biryani chain aims to increase its restaurant count from the present 57 to around 150 outlets over the next three years.
He said the first phase of expansion will focus on southern markets, particularly Bengaluru and Chennai, where the brand already has a presence and sees strong consumer demand.
"These are very large markets, a lot of a very relevant consumer base in these markets. People love biryani," Pratik said...
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