Shardul Amarchand Mangaldas & Co advises Popo Global Private Limited on a strategic investment by the Invus Group (Artal Asia Pte. Ltd.)

September 15, 2026

Shardul Amarchand Mangaldas & Co. (SAM) advised Popo Global Private Limited and its Founders in connection with a strategic investment by the Invus Group (Artal Asia Pte. Ltd.).

The transaction was valued at approximately INR 532 Crores, with Popo Global Private Limited valued at approximately INR 1,500 Crores.

Bengaluru-based Popo Global is a multi-brand restaurant platform operating popular food and beverage brands, including The Pizza Bakery, Paris Panini and Smash Guys. The transaction represents a significant private equity investment in India’s rapidly expanding organised food and quick-service restaurant sector.

The investment is expected to support Popo Global’s continued expansion and scaling of its portfolio of differentiated food and beverage brands, while providing a platform for further growth in India’s increasingly organised and premiumised restaurant market.

The transaction also reflects the growing interest of institutional investors in India’s consumer and QSR ecosystem, as the sector continues to see increasing organisation, premiumisation and opportunities for scaled multi-brand restaurant platforms.

The SAM team comprised Navruz Vakil, Partner; Alena Nari Advani, Consultant; Daksh Hemnani, Senior Associate; and Vidhi Shah, Associate.