₹532 crore from Artal Asia for a significant minority stake, the first external capital Popo Global has taken since it was founded in 2017.
April reporting described the proposed stake sale as largely secondary with a small primary component, with secondaries specialist TR Capital among the bidders. The final structure has not been dis…
Earlier reports of talks with Invus describe the same deal. Invus acted as global investment adviser to Artal Asia.
Around 40 outlets, all in Bengaluru, all company-owned rather than franchised. Roughly ₹175 crore of FY25 revenue works out at about ₹4.4 crore per outlet, which is strong for Indian casual dining.
Artal's portfolio includes CAVA, one of the strongest restaurant listings in the United States, and it holds positions far longer than conventional private equity.
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