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Tue 11th Jul 2017 - Mowgli secures £3.45m to support UK roll-out
Mowgli secures £3.45m to support UK roll-out: Indian street food restaurant Mowgli has secured £3.45m in expansion funding from Foresight Group, the independent infrastructure, private equity and investment manager. The mergers and acquisitions and private equity team at audit, tax and consulting firm RSM advised Mowgli on the deal. Founded by Nisha Katona in Liverpool in 2014, Mowgli has sites in Bold Street and Water Street in Liverpool and at the Corn Exchange in Manchester. The funding secured from Foresight will support the business’s roll-out of restaurants across the UK, including sites in Birmingham and Leeds later this year. Katona said: “This is a significant milestone for Mowgli, which will enable us to deliver on our ambitious plans to grow our business across the UK. I’m very grateful to RSM for its support on the transaction. From the outset, its logical approach, straightforward advice and round-the-clock support proved invaluable.” Rob Donaldson, RSM’s head of corporate finance, who led the transaction team, added: “In a competitive sector, Mowgli is a genuinely exciting brand and we were delighted to support Nisha to secure this funding. We wish her and Mowgli the very best of luck in delivering its ambitious growth plan.” In addition to being a restaurant entrepreneur, Katona, who presented at the Propel Multi-Club summer conference last week, is a food writer whose work has featured in a number of publications including The Daily Telegraph, The Sunday Times and The Independent. Her YouTube cooking channel has an international following and she also films for the BBC, ITV, Channel 4 and the Food Network.

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