Chennai-headquartered TVS Shriram Growth Fund has invested an undisclosed amount in Indian Cookery Private Limited, the restaurant business promoted by chef Sanjeev Kapoor & Better Value Brands. Indian Cookery owns multiple Indian-cuisine restaurant brands such as The Yellow Chili, Khazana and Indii. The company plans to open 300 outlets over the next five years through owned and franchised models.
The deal comes less than two months after TVS Shriram Growth Fund invested Rs 50 crore in Om Pizzas & Eats Private Ltd, the Indian franchisee of international chain of Papa John
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