Chennai-based Dindigul Thalappakatti has raised an undisclosed amount in a second round of funding. Tree Line Investment Management led the funding round along with other investors, including the family office of Havells Group.
This has reportedly raised the food brand’s valuation at INR 860 crore, up from INR 450 crore in 2019. The casual dining restaurant chain plans to use the recently raised funds to fuel its expansion plans by setting up over 25 restaurants and cloud kitchens across Kerala, Andhra, Telangana, Karnataka, Tamil Nadu and Sri Lanka.
Founded in 1957 by Nagasamy Naidu, Dindigul Thalappakatti is known for its biryani offerings. It currently operates over 85 restaurants and cloud kitchens globally. Majority of these are in Tamil Nadu, Karnataka, Kerala and Pondicherry, and it also has international presence in countries like the UAE, Singapore, Malaysia and Sri Lanka.
