Eversub Indian Private. The people said on anonymity that the limited company that operates the subway channel has appointed Lodha Capital Markets to help with the process.
People say raising subway funds will be a mix of major and middle school stocks. “Although Everstone will unload some of its stake in the metro, it will take advantage of the public markets of Indian companies in the next two years,” one of the people said.
Although Everstone declined to comment, Subway did not respond to Mint’s email at the time of posting. “This news seems to be wrong and has not been confirmed,” a spokesperson for Lodha said.
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Everstone, operated through India Eversub, has the right to open and operate subway restaurants in India, Sri Lanka and Bangladesh.
A Master Franchise refers to an agreement between a franchisee (or company owner) to manage and expand its business in a specific field.
Everstone’s exit plan is a private equity firm in Singapore investing an undisclosed amount in the food chain to boost its expansion in India and South Asia. With this move, other new investors may join the Metro’s future growth plan, while Everstone will put some shares in the stock.
The food chain entered India when it opened in Sacht, Delhi in 2000. The company initially operated as a franchise business until Everstone acquired the master franchise in 2021.
Everstone has developed expertise in developing and building food brands in India and South Asia. In the fast-service restaurant space, it is the main franchisee of the Indian Burger King, the Indonesian Burger King and Domino Indonesia, as well as other investments in the field.
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According to Subway India’s official website, India is Eversub’s largest market, focusing on actively expanding its footprint. The company has the main franchise to open and operate subway restaurants in India, Sri Lanka and Bangladesh.
In fiscal 24, Eversub India’s revenue grew to ₹3.661 million ₹28.35 billion the previous year ₹Profit of 339 million ₹According to market intelligence provider Tracxn, it was 696 million in fiscal year 23.
Eversub India is a complete subsidiary of the cooking brand Pvt. Ltd owns and operates some of the fastest growing food and beverage brands (including global and local in the Indian subcontinent). Its portfolio includes coffee brands such as Lavazza (Italian) and Fresh Honesty (Indian).
The subway was founded in 1965 by 17-year-old Fred Deluca and family friend Peter Buck. In 1974, Deluca and Buck decided that franchising was the best way to accelerate chain growth, a model that was replicated in the global market.
The chain selling sandwiches, packaging, salads and bowls has been owned in 100 countries through a network of 40,000 restaurants. The Metro Restaurant is owned and operated by Subway Cranchisees, a network of over 20,000 entrepreneurs and small business owners worldwide. In terms of store count, it is one of the largest restaurant chains in the world.
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The QSR department in India has seen a lot of trading activity. Despite running brands such as KFC, Pizza Lodge and Costa Coffee through a franchise agreement, Devyani International Ltd has announced its plans to acquire the local chain “Biryani by kilo by kilo”! MOMO is in talks to raise $80-100 million in a new funding round. Chennai-based QSR chain Adyar Ananda Bhavan also wants to use private equity (PE) funds to raise ₹100 billion-120 billion, reported last year by the Economic Times.
According to a January report released by Redseer Strategy consultants, India’s food service market is worth US$80 billion in 2024, with a CAGR of 10-11%, and organized industries are driving the expansion. The report says that as consumer preferences develop, the rise of online food delivery and organized dining venues will also reshape the landscape.
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