20 Aug 2015

TCVF invests $1 million in Impresa Hospitality Management

TCVF today said it will invest $1 million in Impresa Hospitality Management Private Limited (IHMPL), the company that owns and operates Lebanese chain Maroosh.

TCVF is a Sebi-registered category-I Alternative Investment Fund (AIF) that invests in emerging and early stage companies in India.

Maroosh has grown to be a well-recognised QSR (Quick Service Restaurant) brand. It will use the funds to take advantage of rapidly growing opportunities in the food services industry.

Post the transaction, TCVF will be represented on the board by Jayendra Shah.