Lite Bite Foods explores selling a minority stake to strategic investors.
Lite Bite Foods, the renowned operator of popular restaurant chains such as Punjab Grill, Street Foods, YouMee, and Asia 7, is making headlines by exploring the sale of a minority stake to strategic investors or private equity firms. This move comes as the company aims to bolster its growth in the highly competitive dining industry.
Founded in 2002, Lite Bite Foods has carved a niche for itself in the culinary world, operating over 200 multi-cuisine outlets across various formats, including quick-service and fine-dining establishments. Notable among its portfolio are its airport stores, which cater to a diverse clientele. The company has become synonymous with delivering exceptional dining experiences, both domestically and internationally.
Promoters Amit Burman, a member of the esteemed Dabur family, and co-founder Rohit Aggarwal will retain significant majority stakes, ensuring continued leadership and vision for the brand. According to executives, the talks with potential investors are currently in the exploratory stages, with the aim of identifying the right partners who align with the company’s growth ambitions.
Lite Bite Foods’ consolidated revenue from operations reached an impressive ₹651 crore in FY24, as per filings with the Registrar of Companies. The company operates six subsidiaries, including three domestic entities—Lite Bite Travel Foods, Lite Bite Foods Tres, and Burger Foods & Hospitality—and three overseas subsidiaries, namely Burman Holdings Limited, Lite Bite Foods Inc, and Lite Bite Foods International Limited.
The decision to bring in new investors reflects Lite Bite Foods’ commitment to scaling operations and staying ahead in the ever-evolving dining landscape. With investor interest in the specialized dining sector on the rise, the company is well-positioned to capitalize on this momentum and further enhance its offerings.
As Lite Bite Foods navigates this exciting phase of its journey, the industry and its loyal patrons eagerly await the next chapter in its growth story.
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