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Chowman plans 39 new outlets by 2029, eyes Rs 200 crore PE funding to fuel expansion

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Chowman plans 39 new outlets by 2029, eyes Rs 200 crore PE funding to fuel expansion

Chowman plans 39 new outlets by 2029, eyes Rs 200 crore PE funding to fuel expansion

Chowman, the Kolkata-based restaurant chain, aims to open 39 new outlets in key Indian cities. The expansion will involve a Rs 200 crore private equity fundraising effort for new restaurants and marketing. The company currently operates 41 outlets across six markets and seeks to strengthen its presence there. Chowman plans to develop central kitchens to improve backend operations and efficiency.

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Kolkata-based restaurant chain Chowman is planning to add 39 outlets across Mumbai, Delhi-NCR, Hyderabad and Chennai by the end of 2029, as it looks to deepen its presence in six existing markets before entering newer cities.

The expansion will be supported by a proposed Rs 200 crore private equity fundraise, of which the company plans to allocate half towards new restaurants and the balance towards marketing, central kitchens and technology.

“We are not planning to expand into any other cities apart from the six where we are already present. We want to increase our outlets in these markets and command the Chinese cuisine market in these cities before moving elsewhere,” Debaditya Chaudhury , founder and managing director of Chowman, told ETRetail.

The company currently operates 41 Chowman outlets across Kolkata , Delhi, Hyderabad, Bengaluru, Chennai and Mumbai. Its expansion pipeline includes 22 additional outlets in Mumbai, nine in Delhi-NCR, five in Hyderabad and three in Chennai.


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