Sashi Reddi backs Indian fast food chain Hello Curry
Fast food restaurant chain Hello Curry is receiving a INR3-crore investment from Indian entrepreneur Sashi Reddi. This is Reddi's first foray into the food industry, according to Live Mint.
Reddi revealed his reason for choosing Hello Curry: "Hello Curry has the potential to become the McDonald's and Dominos Pizza of Indian food. It has the potential to change the way we think of Indian food."
The said investment will be derived from Sri Capital, Reddi's seed-stage venture fund. Under the terms of the deal, Reddi will acquire a number of shares in Hello Curry, the report detailed.
The funding will allow Hello Curry to build new branches across Hyderabad, Chennai, and Bangalore, according to Red Sprout Foods Pvt Ltd director Raju Bhupati said. Red Sprout is the holding firm of Hello Curry, the report explained.
Hello Curry is a quick service restaurant (QSR) chain that cooks pre-processed Indian food and serves it up in 30 minutes, Live Mint reported.