North West UK-based Mowgli Street Food, an Indian restaurant street food chain, has successfully secured GBP3.45m in expansion funding from Foresight Group, an independent infrastructure, private equity and investment manager.
The M&A and private equity team at audit, tax and consulting firm RSM advised Mowgli Street Food.
Founded by Nisha Katona in Liverpool in 2014, Mowgli Street Food is a chain of Indian street food restaurants with sites in Bold Street and Water Street in Liverpool and at the Corn Exchange in Manchester.
The funding secured from Foresight will support the business’s roll-out of restaurants across the UK, including sites in Birmingham and Leeds later this year.
Katona says: ‘This is a significant milestone for Mowgli Street Food, which will enable us to deliver on our ambitious plans to grow our business across the UK. I’m very grateful to RSM for their support on the transaction. From the outset, their logical approach, straightforward advice and round-the-clock support proved invaluable.’
Rob Donaldson, RSM’s head of corporate finance who led the transaction team, says: ‘In a competitive sector, Mowgli Street Food is a genuinely exciting brand and we were delighted to support Nisha to secure this funding. We wish her, and Mowgli Street Food, the very best of luck in delivering their ambitious growth plan.’
