MPI invests Rs 25 cr in Moods Hospitality
Matrix Partners (MPI) has invested Rs 25 crore in Moods Hospitality, parent company of Yo! China, India’s first and largest Chinese fast food company with 20 operational outlets.
MPI, a consumer services risk capital fund focuses on early to growth stage businesses in the internet, mobile, financial services, media & entertainment, food & beverage, hospitality, healthcare, travel & lei-sure sectors.
It has recently won bids to have a presence in Delhi and Mumbai airports and plans to extend the brand into multiple formats.
Yo! China is ad-dressing a significant opportunity since Chinese food is the second most popular cuisine in India, say company officials
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