PE investors have pumped more than $700 million into quick service restaurants, fine and casual dining formats and pubs in the past four years, as per Grant Thornton India’s estimates. F&B sales are estimated to have grown 24% to Rs 3.8 lakh crore in sales in the year to March with about half of Indians’ total consumption expenditure going towards food, as per a report by Grant Thornton and the Federation of Indian Chambers of Commerce and Industry.

This article appeared in Economic Times on 21st August, 2017.