Five Figs Hospitality Private Limited, a Delhi based private incorporate recently raised half a million dollars for its popular casual dining brand QDs. With investment from a clutch of leading angel investors, and Renous Consulting acting as an exclusive advisor during the whole transaction, the funding will be used for targeting new markets and continued development as the brand has been showing incredible potential to reshape the F&B industry.
QDs is a decade old multi-cuisine restaurant serving high quality Indian, Chinese and Continental cuisine with modern infrastructure, ambience and a range of options at pocket-friendly prices. However, it was the introduction of the dish Tandoori Momos that gathered limelight and since then it’s been their signature dish across the country.
Commenting on the investment, Mandeep Singh from QDs said, “QDs is currently successfully running 5 outlets in Delhi and with the infusion of new funds, we plan to expand the dining experience innovatively across Delhi-NCR. Our investors are very positive about the company as well as our vision and that is why, be it for our customers or our partners, we aim to accelerate the pace with these funds to be one of the leading differentiators in today's F&B experiences.”
Speaking about the investment, Varun Dhinga, CEO Renous said, “Five Figs Hospitality Private Limited is significantly known for its involvement in the F&B industry, therefore mapping relevant investors from our network wasn’t that difficult. By creating a symbiotic environment for both the brand and the clutch investors, we are glad that the latter was able to secure funds in a smooth way.”
QDs was founded in 2008 by Akhil Malik and Mandeep Singh. It initially opened to the public in Jawahar Nagar – Bunglow Road and then shifted to Hudson Lane (North Campus of Delhi University) in 2012. In 2010, QDs opened its second outlet in Satya Niketan better known as South Campus of the Delhi University. Later, three more outlets were launched in Lajpat Nagar, Karol Bagh and Laxmi Nagar due to its rising popularity.