Dabur’s Amit Burman-promoted Lite Bite Foods has entered into a strategic alliance with EatOut group, a part of Spain’s leading business house Agrolimen, to establish a chain of speciality restaurants in India.
On schedule is a chain of over 200 restaurants in India, for which the venture will invest around Rs 50 crore. Lite Bite Foods will separately invest nearly 35 million euros for expansions.
The EatOut group has more than 600 restaurants in Spain and owns brands such as FrescCo, Pans and Company, Bocatta and Fresh & Ready.
Amit Burman had recently announced the launch of Lite Bite to focus on the food and beverages retailing sector. He had shared the company’s plans to open quick-service restaurants, casual dining and express outlets, as also food courts.