PE-VC Fund Investments
Playbook Partners buys 5% in Subway India for Rs.130-Cr
Playbook Partners India, a growth-stage venture capital firm, has acquired approximately a 5% stake in quick-service restaurant (QSR) chain Subway India for about INR 130 crore. Subway India is backed by the Everstone Group, which holds around 65-70% of the business through its unit Culinary Brands, and Norwest Venture Partners, which holds a minority stake.Subway India operates over 1,000 outlets across the country. Culinary Brands, the master franchisee for Subway in India, Sri Lanka, and Bangladesh, also manages coffee brands Lavazza and Fresh & Honest in India.
For FY25, Subway had reported about INR 480 Cr in Operating Income and about INR 38 Cr in Net Loss.
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