JSM Corp Pvt Ltd known for running California Pizza Kitchen and Hard Rock Cafe in India is planning to raise Rs 200 crore from equity investors.
During the latest fundraising, which will be advised by Lodha Capital Markets, it is also expected that a few of the older investors of JSM Corp will be selling out their shares.
The funds raised will be used to expand the number of current outlets, as well as for bringing in more international brands.
Founded by Jay Singh and Sanjay Mahtani in 2004, JSM also runs frozen dessert chain Pinkberry in India and restaurants such as Shiro, The Big Kahuna, street-food inspired restaurant Plus91, casual-dining restaurant Ginger Tiger and Asilo, a rooftop bar in Mumbai.
The founders together hold about 55 per cent in JSM, while the remaining stake is held by other investors.
The funds raised will be used to expand the number of current outlets
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