Mowgli Street Food achieves £3.45m funding to roll out brand

nisha katonaLIVERPOOL based Mowgli Street Food, founded by self-styled “curry evangalista” Nisha Katona, has achieved £3.45m of private equity funding to roll out its restaurants across the UK.

The company currently has two sites in Bold Street and Water Street in Liverpool and one at the Corn Exchange in Manchester.

Katona (pictured), a food writer and broadcaster, launched Mowgli to pursue her passion for authentic Indian food after a career as a successful barrister.

She says Mowgli’s modern focus on healthy, light, flavoursome dishes differentiates it from traditional Indian restaurants, as does its provision of an extensive gluten-free, vegetarian and vegan offering using recipes passed down from her family.

The £6m turnover company currently employs 120 staff but its plans to roll out more sites – in Birmingham in September and Leeds in October or November – will see those numbers swell considerably.

The investment from private equity firm Foresight Group is the sixth from the Foresight Regional Investment Fund.

As part of the investment, Matthew Peck, former head of finance at private equity backed Byron Hamburgers, has been appointed as finance director.  Karen Jones, who founded Café Rouge and current chairman of Hawksmoor, has been appointed as chairman.

Katona said: “I feel passionately about offering healthy, authentic Indian Street food to the market. Foresight’s expertise in growing businesses, alongside our recently appointed new recruits, will allow us to expand into new geographies without compromising the quality of our offering.”

Source: Indian street food brand wins private equity backing | TheBusinessDesk.com

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