Chaiiwala, the renowned Indian street food quick-service restaurant brand, has revealed its collaboration with investment firm Lote Global to facilitate its global expansion efforts.
Lote Global Investments stands as a prominent Shariah-compliant investment firm, placing strategic emphasis on Private Equity and Real Estate. Originating from a well-established international family enterprise, the company has curated a robust portfolio of distinctive investments recognized for their ethical foundation, exceptional performance, and enduring nature.
Chaiiwalla expressed its aim to establish 500 restaurants in both domestic and international locations, focusing on significant growth markets such as the USA, Canada, and the Middle East.
In order to support their ambitious global expansion, Chaiiwala is dedicated to improving its operational capacities, supply chain infrastructure, and digital offerings in the selected markets. Currently, the brand operates 90 stores worldwide, with the goal of reaching 100 by the end of the year, including new locations in the UAE and Canada.
Established in 2015, Chaiiwala brings together the rich flavors of authentic Indian street food with a Western influence. Their extensive menu caters to breakfast, lunch, dessert, and all-day cravings, featuring standout offerings such as Karak Chaii, Caramel Chaii, English-Ish Breakfast, Masala Chips, and Karachi Bun Kebab.
The brand employs diverse formats for its stores, including High Street locations, compact kiosks, and units in retail parks. Notably, Chaiiwala expanded its offerings to include a drive-thru business in the UK, providing Indian street food since the launch of its Bolton store last year.
Muhummed Ibrahim, the Chief Executive Officer of Chaiiwala, conveyed his enthusiasm regarding the collaboration and its potential to influence the Indian street food market.
Ibrahim emphasized that Lote Global’s wealth of experience and expertise in their primary target markets will be of great value to their strategic plans.
“We are pleased to welcome Lote Global to the team as we solidify our position as the leading Indian street food business and shape the Chaiiwala brand for its next global chapter. We have already laid the groundwork for our expansion in these crucial markets and have confidence that our partners will help us seize the significant global opportunity that lies ahead,” he said.
Chaiiwala received advisory services from KPMG (CF and Tax), Freeths (Legal), and GT (VDD), whereas Lote Global enlisted the expertise of PwC (Financial DD and Tax DD), Addleshaw Goddard (Legal), OC&C (Commercial DD), Cross8 (Corporate DD), and Al Maqasid (Shariah DD) as part of the deal.