The Franchise Magazine:
Indian restaurant franchise Tiffinbites has experienced an injection of new capital as part of a £6 million investment in its parent company V8 Gourmet Group by actress and Celebrity Big Brother star Shilpa Shetty and her fiancé Raj Kundra (pictured). The couple have taken a 33 per cent stake in the group, which also encompasses the Bombay Bicycle Club Kitchens, Vama and Gourmet Creations brands.
The purchase took place in August and the group intends to plough the proceeds into expanding its Bombay Bicycle Club Kitchens delivery service, adding a second Vama Restaurant in London and growing its network of Tiffinbites restaurants, concessions and franchises in London and abroad, including opening two casual dining and shopping mall dining formats in Dubai in October and Jordan in March next year.
