Vatika Group sells its QSR brand Nukkadwala to focus on core businesses
Vatika Group sells its QSR brand Nukkadwala to focus on core businesses

Vatika Group, a leading Real estate and Hospitality player, has sold its Indian street food startup ‘Nukkadwala’ to a Delhi-based high networth individual for an undisclosed amount. The move is in line with the company’s plans to focus on core businesses.

Vatika group sold 14 operational outlets and nine in the pipeline of the QSR brand.

Nukkadwala was created to fill in a huge vacuum to bring street foods of India to each and every corner of the country with authenticity, hygiene, and tastes. The brand’s first outlet was launched in 2015 along with cloud kitchen in Gurgaon.

Gaurav Bhalla, MD, Vatika Hospitality business, said, "The group needs much larger time and focus on managing and growing its real estate and hospitality business. It was felt that hiving off Nukkadwala makes a lot of sense at current times, where it is very well received as a brand and is all set for exponential growth, while we focus on our core businesses."

The food start-up did a business of about Rs 9 crore during the last financial year.

 
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