Private Equity Other Private Equity/Strategic Investments
Hyderabad-based tea shop chain Cafe Niloufer engages PwC, Rainmaker to explore fundraise
Source Cafe Nilofer (opens in a new tab)Mint (opens in a new tab)
Hyderabad-based ABR Cafe, which operates the restaurant chain Cafe Niloufer , has engaged PwC and The Rainmaker Group to explore funding options from investors.Founded in 1978 by A. Babu Rao, Cafe Nilofer operates several tea destinations across Hyderabad, including outlets in Lakdikapul, Red Hills, Banjara Hills, Himayat Nagar, and Hitec City. The cafe chain offers its own chai blend alongside products such as cookies, chocolates, cakes, pastries, breads and cupcakes.The firm intends to use the capital to support its ongoing expansion and operational needs.