Mast Kalandar is inching closer to raise $10 million funding

Mast Kalandar, Bengaluru-based food chain which is best known for its mouthwatering vegetarian delicacies is in final talks with the investors to acquire US $10 million. Earlier, the brand had managed to pump funding from Footprint Ventures and Helion Venture Partners.

The eight year-old company, founded by Gaurav Jain and his wife Pallavi Gupta, specialises in vegetarian north Indian food. According to the people familiar with the development, Acuity Capital, a Delhi-based independent investment corporate advisory firm, is the exclusive advisor to this transaction. Focused on consumer brands and technology, Acuity Capital works with founders to raise early-stage or growth-stage funds.

At present, there are 45 restaurants operating throughout the cities of Bangalore, Pune, Chennai and Hyderabad, however, Jain is hoping to reach the 100 mark within the next few years.