Company lists
The India edition · 2026

Food service chainscompanies in India

Restaurant chains, cafes & bakeries, fast food & cuisines, caterers & events, cloud kitchens & food tech and more: the companies building food service chains in India, with their founders, funding, team size and business models.

1,222 company profiles377 with reported revenue118 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent food service chains business events in India

Funding, M&A, contract wins and launches involving 1,684 food service chains companies in India, last 24 months: 36 M&A deals · 27 launches · 23 funding rounds · 20 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Chalet hotels acquires Seasons hotels

Chalet Hotels has completed the acquisition of 100% of the Equity Share Capital of Seasons Hotels. Consequently, the said entity has become a wholly-owned subsidiary of the Company.

Hotel
LaunchReady-to-drink Coffee & Protein beverages and Protein Cold Foam

Starbucks

Starbucks Global Chief Brand Officer Tressie Lieberman said in January that “protein has been a great incremental driver,” prompting the company to expand into ready-to-drink Coffee &…

Beverage
LaunchMango flavor

Starbucks

Starbucks introduced a new mango flavor to its Refreshers earlier this month.

Refreshers
LaunchFresh Dosa Batter

Mtr foods

MTR Foods, a part of Orkla India, on Wednesday launched its Fresh Dosa Batter and Rice Rava Idli Batter in the Hyderabad market.

Fresh Batter
M&AAcquisition · Completed

Chalet hotels acquires Seasons hotels

Chalet Hotels has successfully completed the first tranche of its acquisition of Seasons Hotels Private Limited, officially making it a subsidiary of the company.

Hospitality
Funding

Hocco

HOCCO Ecommerce D2C B2C $10.7 Mn - Sauce.vc Sauce.vc

Investors Sauce.vc
Ecommerce
ContractService

The good edge · client: Westlife

The Good Edge has secured the public relations and communications mandate for Westlife Foodworld Limited

Quick Service Restaurant
ContractService

Dunkin · client: Jubilant foodworks

It also added that the board has decided on 'non-renewal of the development rights granted in MUDFA, entered for development and operation of Dunkin brand in India, upon expiry of its…

Food Services
Funding

Burma burma

"Burma Burma raised $4 million,"

Investors Na
FundingSeries B

Burger singh

Indian burger chain Burger Singh raised $8.72 million in a Series B round

Restaurant
Contract

Hard Rock International · client: Jsm corporation

Hard Rock International has terminated its franchise agreement with JSM Corporation, closing 10 Hard Rock Cafe and Rock Shop locations across India, effective March 16, 2026.

FundingSeries A

Boba bhai

Boba Bhai Raises ₹40 Crore to Expand Offline Presence

Investors 8i ventures
QSR / Food & Beverage
M&AMerger · Announced

Devyani international limited acquires Sky Gate Hospitality, Blackvelvet Hospitality, and Say Chefs Eatery

Devyani International Limited has approved a scheme of amalgamation to merge three of its subsidiaries—Sky Gate Hospitality, Blackvelvet Hospitality, and Say Chefs Eatery.

Hospitality
M&AMerger · Announced

Devyani international acquires Sky Gate Hospitality, Blackvelet Hospitality, and Say Chefs Eatery

Devyani International has announced the approval of a Scheme of Amalgamation involving the merger of its wholly-owned subsidiaries Sky Gate Hospitality, Blackvelet Hospitality, and Say…

Food Service / Restaurant
ContractService

Havas Creative India and Arena Media · client: Chinese Wok

Chinese Wok has appointed Havas Creative India and Arena Media as its integrated creative, social and digital media partner.

Fast Food
FundingFunding

Theka coffee

Theka Coffee secured ₹2.5 crore in funding from Dubai-based Zenith Multi Trading, reached a valuation of ₹120 crore.

Investors Zenith Multi Trading
Beverages
M&AAcquisition · Completed

Vixar (previously Arpwood Partners) acquires The Belgian Waffle co

For roughly INR 770 crore, Vixar (previously Arpwood Partners) recently acquired a sizeable minority share in the domestic dessert and waffle brand The Belgian Waffle Co.

Food & Beverage
M&AAcquisition · Announced

ChyrsCapital acquires Theobroma

Private equity firm ChyrsCapital last year bought an 85% stake in premium bakery chain Theobroma.

M&AAcquisition · Announced

Urban harvest acquires Cocosutra

Urban Harvest, a B2B startup specializing in fresh produce and food supply, has acquired premium gourmet packaged food brand Cocosutra through an all-cash deal valued at INR 2.5 crore.

Premium packaged food
M&AMerger · Announced

Sapphire foods acquires Devyani international

The proposed merger of Sapphire Foods with Devyani International, the two Indian franchises of Yum! Brands, will lead to creation of one of the leading QSR companies in the country with…

Quick-Service Restaurant
M&AAcquisition · Announced

Vixar acquires The belgian waffle

Private investment firm Vixar, formerly Arpwood Partners, has acquired a sizeable minority stake in dessert-focused quick service restaurant chain The Belgian Waffle Co in a deal valued…

Quick service restaurant / dessert QSR
FundingSeries B

Hunger

In the foodtech space, Hunger Inc, the parent company of Bombay Sweet Shop and The Bombay Canteen, attracted $25 million from Lighthouse and DSG Consumer Partners.

Foodtech
FundingSeries B

Hocco

Hocco has raised INR 115 crore in a Series B round at a ₹2,000 crore valuation.

Investors Sauce.vc
Premium Ice Cream
Funding

California burrito

Bengaluru-based quick service restaurant chain California Burrito has raised about Rs 120 crore ($14 million) from Elevation Capital, marking its biggest fundraise since inception.

Quick Service Restaurant
FundingSeries D

Wow! momo

Quick-service restaurant chain Wow! Momo is raising $8.5 million in its ongoing Series D round, led by 360 ONE with participation from Kyrush Investments. The funds will be used for…

Investors 360 one, Kyrush Investments
Quick-service restaurant / F&B tech-enabled chain
ContractTechnology

NomadGo · client: Starbucks

NomadGo reports deployment of its Inventory AI solution in more than 11,000 Starbucks locations across North America.

M&AAcquisition · Completed

Chryscapital acquires Theobroma

Private equity major ChrysCapital has acquired an 85 percent stake in Mumbai-based premium bakery chain Theobroma

Bakery chain
Funding

Burger singh

Homegrown quick service restaurant (QSR) chain Burger Singh has raised ₹47.15 crore (approximately $5.5 million) in a fresh funding round co-led by Negen Value Fund and Nine Rivers…

Investors Negen Value Fund, Nine Rivers Capital, Rhodium Trust, Turner Morrison
M&AAcquisition · Announced

Chryscapital acquires Theobroma

Homegrown private equity major ChrysCapital is set to acquire a controlling stake in Theobroma, the premium bakery chain known for its brownies and patisserie offerings, in a deal valued…

Food & Beverage
M&AAcquisition · Announced

Wow! momo acquires Haldiram's promoter Kamal Agrawal

Wow! Momo secured ₹150 crore from Haldiram's promoter Kamal Agrawal.

Food service chains companies in India, by revenue

Browse food service chains companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 377 food service chains companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Ice Creams - Ibaco

Food service chains
₹8,719.32 crFY 2024-25
+9%2024–2025
4,857recorded
15 yr2011
0none in 3 months

Restaurant chain serving multiple dishes

Food service chains
₹4,988.04 crFY 2024-25
+39%2024–2025
16,302+4% 12 mo to Sep 2024recorded Sep 2024
35 yr1991
9postings · last posted Sep 2026

Fast Food - Hard Castle Restaurants (McDonalds)

Food service chains
₹2,515.67 crFY 2024-25
+4%2024–2025
2-33% 12 mo to Mar 2022recorded Mar 2022
44 yr1982
0none in 3 months

Owns and operates a chain of fast food restaurants

Food service chains
₹2,514.55 crFY 2024-25
+4%2024–2025
468+79% vs previous recordLinkedIn · Jul 2026
33 yr1993
0none in 3 months

Franchises chain offering snacks and limited service restaurants

Food service chains
₹1,502.37 crFY 2024-25
+7%2024–2025
509+10% 12 mo to Sep 2024LinkedIn · Jul 2026
46 yr1980
0none in 3 months

Chain of limited service restaurant serving Indian cuisine

Food service chains
₹1,235.37 crFY 2022-23
Not reported
2,158LinkedIn · Jul 2026
76 yr1950
1postings · last posted Jul 2026

Chain of coffee cafe

Food service chains
₹1,296.05 crFY 2024-25
+5%2024–2025
2,948+4% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
3postings · last posted Jul 2026

Restaurant serving variety of foods

Food service chains
₹1,222.17 crFY 2022-23
Not reported
1,486+0% 12 mo to Sep 2024LinkedIn · Jul 2026
86 yr1940
0none in 3 months

Chain of casual dining restaurants

Food service chains
₹1,248.90 crFY 2024-25
-2%2024–2025
3,722-4% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
1postings · last posted Jul 2026

Operator of cafe chain, hospitality, logistics, financial services, technology parks

Food service chains
₹1,125.64 crFY 2024-25
+1%2024–2025
285+0% 12 mo to Mar 2023LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Restaurant chain serving coffee

Food service chains
₹1,058.66 crFY 2024-25
+1%2024–2025
6,819+20% 12 mo to Sep 2024LinkedIn · Jul 2026
33 yr1993
7postings · last posted Aug 2026

Multi-brand restaurant group

Food service chains
₹735.80 crFY 2024-25
+12%2024–2025
1,459LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Chain of stores offering ice creams

Food service chains
₹709.30 crFY 2024-25
+14%2024–2025
470+11% 12 mo to Sep 2024LinkedIn · Jul 2026
33 yr1993
1postings · last posted Aug 2026

Offers airline catering services

Food service chains
₹640.96 crFY 2022-23
Not reported
1,226LinkedIn · Jul 2026
50 yr1976
2postings · last posted Sep 2026

Chain of restaurant serving sauces, waffles, cupcakes, mayonnaise, and other products

Food service chains
₹521.06 crFY 2024-25
-4%2024–2025
368LinkedIn · Jul 2026
19 yr2007
1postings · last posted Jul 2026

Chain of full service restaurant serving asian cuisine

Food service chains
₹485.02 crFY 2023-24
Not reported
341+16% 12 mo to Sep 2024LinkedIn · Jul 2026
60 yr1966
0none in 3 months · last posted Jun 2026

Chains providing diverse food options including dumplings and various fusion dishes

Food service chains
₹468.20 crFY 2023-24
+12%2023–2024
2,290+6% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
1postings · last posted Jul 2026

Restaurant chain providing meals for various consumption segments

Food service chains
₹472.00 crFY 2024-25
+1713%2024–2025
158LinkedIn · Jul 2026
3 yr2023
4postings · last posted Aug 2026

Multi-Cuisine - Banjara Melting Pot, Kabab Studio, Banjara the restaurant, Kudla, Legacy of Punjab, Aviator, Sana-di-ge

Food service chains
₹436.78 crFY 2022-23
Not reported
20LinkedIn · Jul 2026
33 yr1993
1postings · last posted Aug 2026

Operator of restaurants and confectioneries offering diverse global cuisines

Food service chains
₹455.49 crFY 2024-25
+7%2024–2025
568LinkedIn · Jul 2026
32 yr1994
1postings · last posted Aug 2026

Chain of restaurant serving multiple dishes and catering services

Food service chains
₹455.31 crFY 2024-25
+16%2024–2025
272LinkedIn · Jul 2026
41 yr1985
1postings · last posted Jul 2026

Limited service restaurant chain

Food service chains
₹428.92 crFY 2022-23
Not reported
3,033+7% 12 mo to Sep 2024recorded Sep 2024
66 yr1960
—No postings tracked

Provider of corporate catering services

Food service chains
₹437.79 crFY 2024-25
+51%2024–2025
4,598+62% 12 mo to Sep 2024recorded Sep 2024
34 yr1992
0none in 3 months

Sweets restaurant chain

Food service chains
₹397.64 crFY 2022-23
Not reported
—Not available
69 yr1957
—No postings tracked

Operator of restaurants

Food service chains
₹378.43 crFY 2024-25
+10%2024–2025
—Not available
28 yr1998
0none in 3 months
50 of 1,222 companies shown here · the full list is on Radar
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Explore food service chains in India by what you are looking for

Browse food service companies in India and the top restaurant chains, from fast food and cafes to caterers. See food service startups in India and companies that are hiring.

8 ways to explore food service chains in India

Restaurant chainsCafes, bakeries & dessert chainsFast food, burger, pizza & regional cuisine chainsCaterers & event food servicesFood tech, cloud kitchen & meal delivery companiesListed food service chains in India

Restaurant chains

Casual dining, fine dining and quick-service restaurant chains.

  1. Ibaco Ice Creams

    Ice Creams - Ibaco

    Food service chains
    See in list
  2. Devyani International

    Restaurant chain serving multiple dishes

    Food service chains
    See in list
  3. Westlife Foodworld

    Fast Food - Hard Castle Restaurants (McDonalds)

    Food service chains
    See in list
  4. McDonald's India

    Owns and operates a chain of fast food restaurants

    Food service chains
    See in list
  5. Adyar Ananda Bhavan

    Franchises chain offering snacks and limited service restaurants

    Food service chains
    See in list

Cafes, bakeries & dessert chains

Coffee, tea, bakery, cake and ice cream chains.

  1. Ibaco Ice Creams

    Ice Creams - Ibaco

    Food service chains
    See in list
  2. Baskin Robbins

    Chain of stores offering ice creams

    Food service chains
    See in list
  3. Third Wave Coffee

    Internet first brand of roasted coffee beans, easy coffee bags, and cold brew

    Food & beverage products
    See in list
  4. NIC Ice Creams

    Natural ice cream brand

    Food service chains
    See in list
  5. Monginis Foods

    Restaurant chain & brand of cakes & pastries

    Food service chains
    Website

Fast food, burger, pizza & regional cuisine chains

Chains focused on burgers, pizza, Indian, Chinese and other cuisines.

  1. Bikanervala Foods

    Chain of limited service restaurant serving Indian cuisine

    Food service chains
    See in list
  2. Wow Momo

    Chains providing diverse food options including dumplings and various fusion dishes

    Food service chains
    See in list
  3. Pebble Street

    Restaurant serving multiple dishes

    Food service chains
    See in list
  4. Rominus Pizza And Burger

    Chains providing pizza, burgers, side orders, beverages, desserts, and combos

    Food service chains
    Website
  5. Samosa Party

    Retailer of Indian snacks, meals, beverages, and combo offerings

    Food service chains
    Website

Caterers & event food services

Catering and event food service providers for weddings and corporate events.

  1. SS Hyderabad Biryani

    Operator of restaurants

    Food service chains
    See in list
  2. Fusion Foods

    Provider of event catering services

    Food service chains
    Website
  3. Sakthi's Kitchen

    Provider of catering and housekeeping services for institutions and corporations

    Food service chains
    Website
  4. Voila! F9 Gourmet

    Provider of event catering services

    Food service chains
    Website
  5. Atithi Catering

    Provider of corporate catering services, offering a range of food options including office buffet lunch, snacks, and dinner, catering to IT companies and other institutions

    Food service chains
    Website

Food tech, cloud kitchen & meal delivery companies

Cloud kitchens, meal subscriptions and food ordering platforms.

  1. Ekdum!

    Platform offering biryani meals from nearby restaurants

    Food service chains
    Website
  2. Bluwage

    Provider of cloud kitchen, mess food, and food delivery services

    Food tech
    Website
  3. FitFueL

    Provider of balanced nutrition meal plans delivered daily to customers

    Food tech
    Website
  4. QMIN

    Online food ordering and delivery platform

    Food service chains
    Website
  5. Third Wave Coffee

    Internet first brand of roasted coffee beans, easy coffee bags, and cold brew

    Food & beverage products
    See in list

Listed food service chains in India

Publicly listed food service chains in India.

  1. Devyani International

    Restaurant chain serving multiple dishes

    Food service chains
    See in list
  2. Westlife Foodworld

    Fast Food - Hard Castle Restaurants (McDonalds)

    Food service chains
    See in list
  3. Barbeque Nation

    Chain of casual dining restaurants

    Food service chains
    See in list
  4. Coffee Day Group

    Operator of cafe chain, hospitality, logistics, financial services, technology parks

    Food service chains
    See in list
  5. Speciality Restaurants

    Operator of restaurants and confectioneries offering diverse global cuisines

    Food service chains
    See in list
13 companies in India

Food service chain startups in India

Recently founded food service chains and restaurant startups.

  1. Rassense

    Restaurant chain providing meals for various consumption segments

    Food service chains
    See in list
  2. Cheesecake

    Restaurant chain serving cheesecakes and gourmet patisserie

    Food service chains
    Website
  3. Vajra Catering

    Provider of catering services

    Food service chains
    Website
  4. Madhampatty Thangavelu Hospitality Private Limited

    Provider of catering services for events, institutions, and industrial clients

    Food service chains
    Website
  5. BlueDove

    Chains providing catering and hospitality services

    Food service chains
    Website
151 companies in India

Food service chains hiring in India

Food service chains in India with open roles right now.

  1. Devyani International

    Restaurant chain serving multiple dishes

    Food service chains
    See in list
  2. Starbucks

    Chain of coffee cafe

    Food service chains
    See in list
  3. Barbeque Nation

    Chain of casual dining restaurants

    Food service chains
    See in list
  4. Baskin Robbins

    Chain of stores offering ice creams

    Food service chains
    See in list
  5. TajSATS

    Offers airline catering services

    Food service chains
    See in list
26 companies in India
Mobile reach

Top 10 food service chains apps from India

The most-installed Android apps published by food service chains companies headquartered in India — 43.9M installs between them. 71 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

La Pino'z - Order Pizza Online

by La Pino'z Pizza

Installs10.0M
Rating3.7966K ratings
Installs, year on year+43%
Last updatedJun 2026
View on Google Play ↗
La Pino'z - Order Pizza Online screenshot 1La Pino'z - Order Pizza Online screenshot 2La Pino'z - Order Pizza Online screenshot 3La Pino'z - Order Pizza Online screenshot 4La Pino'z - Order Pizza Online screenshot 5La Pino'z - Order Pizza Online screenshot 6
4

Starbucks India

by Starbucks

Installs4.0M
Rating3.010K ratings
Installs, year on year+21%
Last updatedFeb 2026
View on Google Play ↗
Starbucks India screenshot 1Starbucks India screenshot 2Starbucks India screenshot 3Starbucks India screenshot 4Starbucks India screenshot 5Starbucks India screenshot 6
5

Absolute Barbecues - AB's

by Absolute Barbecues

Installs1.6M
Rating—
Installs, year on year+14%
Last updatedApr 2026
View on Google Play ↗
Absolute Barbecues - AB's screenshot 1Absolute Barbecues - AB's screenshot 2Absolute Barbecues - AB's screenshot 3Absolute Barbecues - AB's screenshot 4Absolute Barbecues - AB's screenshot 5
6

Bakingo: Online Cake Delivery

by Bakingo

Installs774K
Rating—
Installs, year on year+64%
Last updatedMay 2026
View on Google Play ↗
Bakingo: Online Cake Delivery screenshot 1Bakingo: Online Cake Delivery screenshot 2Bakingo: Online Cake Delivery screenshot 3Bakingo: Online Cake Delivery screenshot 4Bakingo: Online Cake Delivery screenshot 5Bakingo: Online Cake Delivery screenshot 6
7

Martino'z Pizza - Order Online

by Martino'z Pizza

Installs761K
Rating—
Installs, year on year+85%
Last updatedMay 2026
View on Google Play ↗
Martino'z Pizza - Order Online screenshot 1Martino'z Pizza - Order Online screenshot 2Martino'z Pizza - Order Online screenshot 3Martino'z Pizza - Order Online screenshot 4Martino'z Pizza - Order Online screenshot 5Martino'z Pizza - Order Online screenshot 6
8

Third Wave Coffee - India

by Third Wave Coffee

Installs717K
Rating4.794K ratings
Installs, year on year+47%
Last updatedMay 2026
View on Google Play ↗
Third Wave Coffee - India screenshot 1Third Wave Coffee - India screenshot 2Third Wave Coffee - India screenshot 3Third Wave Coffee - India screenshot 4Third Wave Coffee - India screenshot 5Third Wave Coffee - India screenshot 6
10

Biryani Blues - Order Online

by Biryani Blues

Installs597K
Rating3.02K ratings
Last updatedMay 2026
View on Google Play ↗
Biryani Blues - Order Online screenshot 1Biryani Blues - Order Online screenshot 2
The business behind the activity

Food service chains financials in India

Revenue, profit and growth from the filed annual accounts of 338 food service chains companies in India for FY24-25 — 432 of the 1,222 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 42% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹42,547.42 cr

338 companies filing accounts

combined net profit−₹8.22 cr

-0.0% aggregate margin

are profitable62%

211 of 338 companies

median revenue~₹23.2 cr

the typical company

median revenue growth+12%

into FY24-25

earned by the top five42%

revenue concentration

Six-year view

Combined revenue of filing companies

₹21,715.15 crFY19-20296 filers
₹15,671.15 crFY20-21312 filers
₹22,892.50 crFY21-22327 filers
₹32,753.99 crFY22-23348 filers
₹38,920.19 crFY23-24357 filers
₹42,547.42 crFY24-25338 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 302 companies over three years

+28%
FY22-23₹31,674.19 cr₹721.51 cr net
FY23-24₹36,655.83 cr−₹927.45 cr net
FY24-25₹40,693.06 cr₹81.22 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr3033% profitable
₹1–10 cr6565% profitable
₹10–100 cr17663% profitable
₹100–1,000 cr5871% profitable
Over ₹1,000 cr978% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking95
0–20%109
20–50%69
50–100%33
Doubled+19

325 companies with accounts for both years; median growth +12%.

Profitability

Profit is concentrated at the top

211profitable
127loss-making
-0.0%aggregate margin
0.8%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
BoojeeBOOJEE CAFE PRIVATE LIMITED
HoccoHOCCO INDUSTRIES PRIVATE LIMITED
MahachaiMAHACHAI PRIVATE LIMITED+378%₹21.91 cr
AbcoffeeBREWBAY INNOVATIONS PRIVATE LIMITED+371%
BLR BrewingBLR RESTAURANTS PRIVATE LIMITED+341%
Si NonnasAYDI RESTAURANTS INDIA PRIVATE LIMITED+224%₹43.91 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
BoojeeBOOJEE CAFE PRIVATE LIMITED
Corner House Ice CreamsCORNER HOUSE ICE-CREAMS PRIVATE LIMITED22.0%
Costa CoffeeCOSTA COFFEE INDIA PRIVATE LIMITED₹20.52 cr
La Pino'z PizzaCOPENHAGEN HOSPITALITY PRIVATE LIMITED19.0%₹138.40 cr
TajSATSTAJ SATS AIR CATERING LIMITED16.5%₹1,044.41 cr
Baskin RobbinsGRAVISS FOOD SOLUTIONS PRIVATE LIMITED13.9%₹103.08 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Food service chains331₹41,751.71 cr~₹23.3 cr63%0.1%
Leaders

Largest food service chains companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Ibaco Ice CreamsHatsun Agro Product Limited₹8,719.32 cr₹278.81 cr3.2%+9%
Devyani InternationalDEVYANI INTERNATIONAL LIMITED₹3,399.22 cr₹23.72 cr0.7%+8%
McDonald's IndiaHARDCASTLE RESTAURANTS PRIVATE LIMITED₹2,514.55 cr₹11.26 cr0.4%+4%
McDonaldCONNAUGHT PLAZA RESTAURANTS PRIVATE LIMITED₹1,587.41 cr₹101.05 cr6.4%+10%
Adyar Ananda Bhavan, Adyar Ananda BhavanADYAR ANANDA BHAVAN SWEETS INDIA PRIVATE LIMITED₹1,502.37 cr₹36.19 cr2.4%+7%
Bikanervala FoodsBIKANERVALA FOODS PRIVATE LIMITED₹1,426.82 cr₹18.57 cr1.3%+8%
StarbucksTATA STARBUCKS PRIVATE LIMITED₹1,296.05 cr−₹135.58 cr-10.5%+5%
TajSATSTAJ SATS AIR CATERING LIMITED₹1,044.41 cr₹172.44 cr16.5%+16%
Barbeque NationUNITED FOODBRANDS LIMITED₹1,000.42 cr−₹35.28 cr-3.5%-6%
NKP Empire VenturesNKP EMPIRE VENTURES PRIVATE LIMITED₹566.83 cr₹21.11 cr3.7%+17%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full food service chains landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the food service chains landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Food service chains funding and M&A across India

507 recorded equity rounds have gone to 1,684 food service chains companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months16

US$111.39m

equity rounds, last 24 months54

US$251.83m

raised over five yearsUS$786.17m

215 rounds in India

M&A deals, India36

last 24 months

Capital by year

Equity funding into food service chains in India

amount rounds
$80m201829
$111m201933
$78m202029
$106m202144
$148m202236
$147m202343
$153m202447
$158m202535
$74m202610

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$157.85m across 35 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$21.22m42 rounds · median US$129k
SeedUS$64.87m76 rounds · median US$679k
Series AUS$166.04m55 rounds · median US$2.63m
Series BUS$147.19m17 rounds · median US$5.00m
Series CUS$201.51m16 rounds · median US$9.49m
Series D+US$129.35m6 rounds · median US$19.32m
Private equityUS$56.00m3 rounds · median US$28.00m
Where the money went · five years

Most-funded sub-sectors

Food service chainsUS$693.10m208 rounds · 80 companies
Food & beverage productsUS$67.07m5 rounds · 1 companies
Online giftingUS$16.00m1 rounds · 1 companies
Alcoholic beverage productsUS$10.00m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

29Acquisition
7Merger

Most active acquirers

  1. Devyani international15
  2. Starbucks4
  3. Hatsun Agro Product3
  4. Chalet hotels2
  5. Sapphire foods2

Most acquired or merged

  1. Sky Gate Hospitality3
  2. Theobroma3
  3. Biryani by kilo3
  4. Seasons hotels2
  5. Devyani international2

Each deal appears in the events strip at the top of the page.

Food service chains funding in India

118 food service chains companies in India have recorded equity funding, US$1.99bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind food service chains companies in India. 473 of 1,222 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India food service chains companies by sub-sector

The most common specialisations among food service chains companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring food service chains in India and nearby markets.

Coming soon