Mowgli secures £3.45m funding

North West-based Mowgli Street Food, an Indian restaurant street food chain, has successfully secured £3.45m in expansion funding from Foresight Group, the independent infrastructure, private equity and investment manager.

The M&A and private equity team at leading audit, tax and consulting firm RSM advised Mowgli Street Food.

Founded by Nisha Katona in Liverpool in 2014, Mowgli Street Food is a chain of Indian street food restaurants with sites in Bold Street and Water Street in Liverpool and at the Corn Exchange in Manchester.

The funding secured from Foresight will support the business’s roll-out of restaurants across the UK, including sites in Birmingham and Leeds later this year.

Nisha Katona said:

‘This is a significant milestone for Mowgli Street Food, which will enable us to deliver on our ambitious plans to grow our business across the UK. I’m very grateful to RSM for their support on the transaction. From the outset, their logical approach, straightforward advice and round-the-clock support proved invaluable.’

Rob Donaldson, RSM’s head of corporate finance who led the transaction team said:

‘In a competitive sector, Mowgli Street Food is a genuinely exciting brand and we were delighted to support Nisha to secure this funding. We wish her, and Mowgli Street Food, the very best of luck in delivering their ambitious growth plan.’

In addition to being a restaurant entrepreneur, Nisha Katona is a food writer whose work has featured in a number of publications including The Daily Telegraph, The Sunday Times and The Independent. Her YouTube cooking channel has an international following and she also films for the BBC, ITV, Channel 4 and the Food Network.