SquareMeal Foods, an Indian restaurant chain, is planning to open four more locations in India as a part of its expansion projects.
Founded in 2014, the firm employs speech and hearing-impaired (SHI) individuals.
Squaremeal Foods opened its first restaurant, Mirchi & Mime, in May 2015, serving modern-Indian cuisine.
It also opened Madeira & Mime in October 2016, a pub with world cuisine on its menu.
As part of the expansion plan, SquareMeal Foods intends to launch four restaurants across Mumbai and Bengaluru, as well as Pune and Hyderabad.
The company is currently looking to raise Rs150m ($2.1m) in funds from family offices of large firms.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSquareMeal Foods co-founder Raja Sekhar Reddy said: “We are ready to go live with four restaurants in one shot.”
Reddy added that discussions with several firms are in the advanced stages, likely to be completed by the end of March.
By 2021, all four restaurants are expected to begin operations.
Furthermore, all forthcoming restaurants will provide jobs to SHI staff, providing a standardised menu and décor.
Reddy added: “They are super-efficient. They aren’t moody. They are very comfortable working in a programmed environment.”
The restaurants will open under the Mandarin & Mime brand name, offering varied cuisines.