VC Fund Investments
Ashish Kacholia picks up 18% stake in burger chain Jumboking via secondary route
Ashish Kacholia has acquired an 18% stake in Mumbai-based burger chain Jumboking Foods Pvt Ltd in a secondary transaction.The quick service restaurant (QSR) chain plans to expand to 1,000 stores. It also aims to consolidate further in Delhi and Hyderabad and also launch in Bengaluru.
Between Dec-07 and Aug-18, Jumboking had less than USD 1 M from Triton Fund and Ladderup.
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