Leading a third round of investment, risk capital firm Helion Venture Partners has invested $ 5 million in quick service restaurant chain Mast Kalandar, run by Bangalore-based Spring Leaf Retail. Another existing investor Footprint Ventures will put in $1 million into the ethnic Indian food chain that has now raised a total of $11 million in equity capital. Mast Kalandar is targeting revenue run rate of Rs.100 crore for the fiscal year 2014-15.
From the Venture Intelligence PE Deal database: In Oct-10, Helion Ventures and Footprint Ventures had invested $2.04 million in Mast Kalandar. In Jul-08 Footprint had invested $1 million.
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