Restaurant Brands Asia raises $60m as MIT becomes largest investor

GlobalData

Wed, Apr 2, 2025, 4:27 AM 2 min read

Restaurant Brands Asia (RBA), Indian franchisee of the Burger King edifice brand, has raised Rs5bn ($60m) successful a qualified organization placement (QIP), with the Massachusetts Institute of Technology (MIT) emerging arsenic the azygous largest investor, arsenic reported by ETHospitalityWorld.com.

The US-based backstage probe assemblage has invested Rs920m successful the contented arsenic a overseas portfolio investor.

The apical 4 investors successful the QIP, which concluded connected 26 March 2025, were the SBI Multi Asset Allocation Fund, the Arisaig Asia Fund, Mercer QIF Fund Plc and 238 Plan Associates, among 23 participating entities.

RBA radical main enforcement Rajeev Varman stated: "The funds volition beryllium utilized for opening caller stores successful India, reducing our debt, strengthening our equilibrium expanse and for wide firm purposes."

MIT's beardown engagement reinforces India's presumption arsenic a cardinal maturation hub owed to its immense underpenetrated market, particularly arsenic galore user markets worldwide attack maturity.

This concern occurs adjacent arsenic discretionary spending successful India has remained sluggish implicit the past 4 quarters, peculiarly successful municipality areas, wherever ostentation has led consumers to chopped backmost connected eating retired and different discretionary purchases.

A QIP enables publically listed companies to rise superior by issuing equity shares, wholly and partially convertible debentures, oregon different types of securities.

MIT has not commented connected developments.

According to its astir caller regulatory filing for the December 2024 quarter, RBA, which operates the American concatenation Popeyes and the Canadian marque Tim Hortons successful India, manages 510 stores crossed each its brands successful the country.

The institution reported a year-on-year diminution of 0.5% successful same-store income for the quarter, on with an accrued nett nonaccomplishment of Rs 503bn, compared to a nonaccomplishment of Rs 360m successful the aforesaid play of the erstwhile year. However, gross experienced 5.8% year-on-year growth, reaching Rs6.39bn for the quarter.

"Restaurant Brands Asia raises $60m arsenic MIT becomes largest investor" was primitively created and published by Verdict Food Service, a GlobalData owned brand.