The Olive Group is on an expansion mode and is planning to add 11 restaurants during the year.
It has already added three restaurants in the last week, the latest one being The Hoppery, a microbrewery in Hyderabad. The group operates restaurant brands such as Olive Bar & Kitchen, SodaBottleOpenerwala, Fatty Bao, and Toast & Tonic.
According to a report in BusinessLine, since the company’s inception 17 years ago, the promoter of The Olive group, AD Singh, has developed a chain of brands and now has 30 restaurants across several brands.
As the company enters the next phase of expansion, one of its early private equity investors, Aditya Birla Private Equity, which invested $10 million in 2013, is likely to exit by divesting its sake to a new investor, said Singh, Managing Director of The Olive Group.
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