Mumbai, April 29 -- Private equity firm Siguler Guff has invested $40 million in Trimex Foods Pvt Ltd, the exclusive Indian franchise partner for global restaurant brands like Chili's Grill & Bar, PAUL, and Cinnabon, the companies said in a statement on Wednesday.

The round marks Trimex's first institutional capital raise and seeks to help accelerate the company's pan-India expansion of its existing brand portfolio, as well as onboard new global brands.

The development comes at a time when India's restaurant and QSR chains are seeing renewed investor activity, with several transactions having concluded in this space in recent months.

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