Goldman Sachs pumps $10 million into Azure Hospitality

Azure Hospitality, which owns and operates the popular pan-Asian restaurant Mamagoto, has secured funding worth $10 million from Goldman Sachs for its expansion plans throughout India and in select markets abroad.

In addition to Mamagoto, which operates in eight locations, Azure also owns and operates two quick service restaurant (QSR) chains-Rollmaal, an Indian street food offering, and Speedy Chow, which serves Thai and Chinese food, both quick service restaurants.

The company also has a catering brand called Mamapaati, which operates in Delhi NCR and Mumbai.

Azure Co-founder and Director Kabir Suri said in a press release, "This landmark investment for our company will allow us to aggressively execute on our planned, strategic expansion. Access to Goldman Sachs ' extensive global network, insights and best practices will help strengthen our leading position in the Indian food & beverage (F&B) sector."

While Mamagoto started its operations in 2010, Azure entered the QSR space with Rollmaal and Speedy Chow in 2013. Both QSR brands are delivery-centric and powered by their own online and mobile ordering platforms and logistics network.