Azure Hospitality Pvt. Ltd.
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Azure Hospitality Pvt. Ltd. - overview
Established
2009
Location
New Delhi, -, India
Primary Industry
Travel & Leisure
About
Azure Hospitality Pvt. Ltd. operates a network of restaurants across India, specializing in unique dining experiences that cater to a variety of tastes and occasions, aiming to enhance culinary enjoyment for its patrons. Founded in 2009 in New Delhi, India, Azure Hospitality Pvt.
Ltd. focuses on delivering diverse culinary experiences through its various restaurant brands. The company has successfully completed 9 deals, with its most recent funding round occurring on June 4, 2021, raising INR 2. 00 million.
Kabir Suri and Rahul Khanna, the founders, have played pivotal roles in shaping the company’s vision and operations. The company has not undergone any notable changes in its business strategy since its inception. Azure Hospitality specializes in a diverse range of dining experiences across the Indian subcontinent, focusing on creating unique culinary offerings that cater to various tastes and occasions. The company's core product offerings include a variety of restaurants and food brands such as Mamagoto, Dhaba, and Pahli Hill, each designed to provide distinct and memorable dining experiences.
With over 50 restaurants operating in 15 cities, Azure's clientele includes urban professionals, families, and food enthusiasts looking for high-quality, curated food and beverage experiences. The restaurants aim to foster a relaxed atmosphere where patrons can unwind away from work, making eating and drinking an enjoyable part of daily life. Azure's venues are strategically located in urban neighborhoods, enhancing accessibility for customers and ensuring that they serve multiple demographics across major metropolitan areas in India. In 2023, Azure Hospitality generated revenue amounting to INR 18,506,563.
30 and recorded an EBITDA of INR 450,890. 70. The company’s revenue streams are primarily driven by direct-to-consumer transactions within its restaurant establishments, where customers pay for meals and beverages on-site. Each dining venue operates under specific pricing structures that reflect the ambiance and culinary offerings, ensuring value to patrons.
Azure's flagship brands offer unique menus that may include shareable dishes and signature cocktails, appealing to a social dining culture. Looking ahead, Azure Hospitality plans to leverage the funds raised in June 2021 to further enhance its dining concepts and expand its market presence. The company is actively exploring opportunities to launch new restaurant brands aimed at enriching its portfolio while targeting additional metropolitan areas for expansion. This strategic growth initiative is expected to roll out over the next few years, positioning Azure to meet the evolving preferences of its customer base across India.
Current Investors
Goldman Sachs Asset Management, Max Ventures & Industries, Blue Sky Capital
Primary Industry
Travel & Leisure
Sub Industries
Hospitality Services, Restaurants & Nightlife, Food & Beverage Distribution
Website
www.azurehospitality.com
Verticals
E-commerce
Company Stage
Series C
Total Amount Raised
Subscriber access only
Azure Hospitality Pvt. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| N/A | Completed | - |
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