JSM Corp. Pvt. Ltd, the Indian franchisee for Hard Rock CafÃ©, California Pizza Kitchen and Trader Vicâ€™s, is looking at raising Rs120 crore to Rs.150 crore from private equity investors for expansion.
The Mumbai-based company, founded by Jay Singh and Sanjay Mahtani in 2004, has revenues of nearly Rs.150 crore. It is looking at diluting a minority stake, according to two people close to the development, who spoke on condition of anonymity.
â€œIt is a confidential matter and we cannot divulge any further details on the same at this stage,â€ said Singh who is also the firmâ€™s executive director. Full post.