Hyderabad’s Paradise Biryani Has A Competitor Now  

Hyderabad: Like Paradise Biryani of Hyderabad, 'Dindigul Thalapakatti' a home ground hotel in Tamil Nadu aims to serve food with the same taste both nationally and globally.

For this, a private equity firm CX Partners has invested Rs 260 crore in this restaurant food chain.

According to reports, this is the first private equity round raised by the hotel chain, which values the business at Rs 600 crore. According to sources, Dindigul Thalappakatti is planning to go public and expand its branches from 56 to 200 both nationally and globally.

The restuarant already has 59 units in India and six overseas (Malaysia, Singapore, Dubai, Sri Lanka, Paris in France and California in the US), the brand believed it was the right time to expand.

According to reports, CX Partners hold half majority in the business, with promoters holding the remaining half. M Vinod Kumar, MD, Advay Capital Advisors was the investment banker to the deal and the adviser from promoter's end. While, Balachandar R of Bluekoi Ventures was the adviser to the MD for the deal.

Nagasamy Dhanabalan is the present Managing Director of Dindigul Thalappakatti who will continue to run the business.

The major plans of Dindigul Thalappakatti is to expand its presence first in the metros in South India by opening more stores in Bengaluru and Hyderabad and later internationally.

According to reports, at present, Dindigul Thalappakatti has more than 2,000 employees.

Biryani of Thalappakatti restuarant is different from Hyderabadi and Lucknowi as it uses seeraga samba rice in it. The brand is confident that irrespective of the number of branches, the quality and the taste of biryani will not be compromised.

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