Sat, Dec 10, 2016 | updated 10:31 AM IST

Delhi-Based QD's raises funds to expand its restaurant network

Updated: Nov 05, 2016 14:17 IST

New Delhi [India], Nov.5 (ANI-Newsvoir): Delhi based food joint QD's has raised an undisclosed amount from Chanana Group of Delhi and is all set to expand its chain of restaurants in the city.

The capital will be used for new restaurants and strengthening the brand, the company said in a statement.

QD's is a popular food restaurant chain in Delhi, famous for its Indian and Chinese cuisine offerings. Currently it has four outlets across the capital (Laxmi Nagar, Kirti Nagar, Satya Niketan and Hundson Lane).

QD's was founded in 2010 by Akhil Malik and his team. It initially opened to the public in Satya Niketan and Hudson Lane, better known as South Campus and North Campus of the Delhi University respectively.

Later, two more outlets were launched in Kirti Nagar and Lakshmi Nagar due to its rising popularity.

"We have repeat customers and have one of the highest customer satisfaction ratios in India. This time we have come up with an innovative way to expand our current network of restaurants", said a confident Akhil Malik, the Co-Founder of QD's.

Akhil Malik travels the globe to add innovation to the menu and is very excited about this ambitious venture.

InnerWave, a consulting firm, has been working closely with QD's as their deal advisors

"This has been one of the interesting deals structuring that we have done in the recent months. The investors are very positive about the company," recounts Jatin Tehri, the Co-Founder and Director of InnerWave.

The hospitality industry, especially in the restaurant segment has been witnessing favourable conditions over the last few months and the current trend will continue for the coming months, experts say.

"The industry is growing at over double digit for past few years and this gives a huge potential for players like QD's to grow and excel in such circumstances," Varun Dhingra, the other Co-Founder of InnerWave confirmed.

His colleague, Jatin, is quick to add, "The founders of QD's also have a very strong background and have a very promising past experience. This has helped a great deal with the investors. Everyone is excited and look very positive about this." (ANI-Newsvoir)