The poultry unit of Nanda group, better known as Nandu’s Chicken looks to raise USD 10 million by early next fiscal for expansion operations and development of more offline retail stores. Founder of the company, Narendra Kumar Pasuparthy said “We look to raise around USD 10 million in the next 6-8 months. We will use this fund to expand our operations to other states in south India and open retail stores. We will also use it for marketing and branding. The idea for this company came into being due to unavailability of quality chicken in India. While we started with only chicken, we will soon add other meat such as mutton, fish and sea food.”
Currently, there are 10 retail Nandu’s Chicken outlets in Bangalore and they plan to expand in the following states: Karnataka, Tamil Nadu, Andhra Pradesh and Maharashtra. Pasuparthy said Nandu’s Chicken is leveraging the parent company’s strength to become a leader in processed meat business. The company has 16 farms, 10 hatcheries, three poultry feed mills and three processing plants spanning across India, the UAE and Oman. They have even tied up with farmers for growing birds across southern states to provide a quality farm- to-fork experience for consumers.