L Catterton has acquired a minority stake in Dishoom, marking the Indian restaurant group’s first private equity investment since its founding in 2010. The deal is understood to value the company at approximately £300m, according to a report by The Sunday Times.

The investment will support Dishoom’s ambitious international growth plans, including the launch of its first US location in 2026. The deal comes after a successful pop-up in New York last summer, which sparked increased investor interest.

“We are thrilled to be partnering with L Catterton, and excited about the future of the business,” said Dishoom co-founder Shamil Thakrar. “Even more important than growth and expansion is keeping our focus strongly on deepening our hospitality – on providing guests with the most delicious food and the warmest service in beautiful restaurants.”

Dishoom, founded by Shamil and Kavi Thakrar, has grown to 12 restaurants across the UK, with its first Glasgow site opening later this month. It also operates four smaller-format Permit Room bars and has begun experimenting with hospitality-adjacent concepts, including overnight rooms in Notting Hill as a test for a possible Dishoom hotel model.

The group reported pre-tax profits of £7.4m in 2023, up from £4.7m the previous year, with sales exceeding £100m for the first time. The team hired nearly 300 new staff last year to support its continued expansion.

L Catterton’s investment underscores growing private equity interest in high-growth hospitality brands with a strong consumer following. The firm, backed by LVMH, has recently invested in Japanese Kobe beef chain Kisshokichi and Spanish casual dining brand Goiko.

“We look forward to supporting Shamil, Kavi, Brian and the team as they continue to grow the business in the UK and beyond,” said L Catterton partner Miray Topay.

Dishoom will continue to be led by its founding team, alongside CEO Brian Trollip.

If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com.

Can`t stop reading? Read more.