Inspira Global has acquired a 41.78% stake in Restaurant Brands Asia Ltd. (RBA), the operator of Burger King in India and Burger King and Popeyes in Indonesia, for ₹2,235 crore through its food and beverage platform, Lenexis Foodworks Pvt. Ltd.
Upon conversion of all warrants, Inspira Global’s stake will increase to 48.04% through an additional investment of ₹450 crore.
The transaction is among the largest in the Indian quick-service restaurant (QSR) sector.
Board Reconstituted
Following the acquisition, the Board has appointed Madhusudan Agrawal as Chairman and Aayush Agrawal as a Non-Executive Director.
RBA will continue to operate Burger King and Popeyes under its existing master franchise and development agreements with Restaurant Brands International Inc.
The franchise agreements for Burger King operations in India and Indonesia have been extended until 2050, providing long-term visibility for the business.
Growth Plans
Restaurant Brands Asia, Chairman, Madhusudan Agrawal, said, “We are inheriting a business built on strong brands, exceptional people and sound operating fundamentals. Our role is to strengthen it with patient capital, disciplined governance and a long-term perspective.”
Restaurant Brands Asia, Director, Aayush Agrawal, said the acquisition reflected the group’s confidence in India’s long-term consumption story and its plans to accelerate the company’s next phase of growth.
Company Profile
The company said it will continue to expand its restaurant network, strengthen operational excellence and invest in technology, digital capabilities and customer experience.
Inspira Global is an Indian business group promoted by Madhusudan Agrawal and Aayush Agrawal, with interests spanning real estate, food and beverage, pharmaceuticals, luxury home products and clean energy.
Its food business, Lenexis Foodworks, operates the Chinese Wok, The Momo Co. and Big Bowl brands.
RBA is the national master franchisee of Burger King in India and, through its subsidiaries, the exclusive national master franchisee for Burger King and Popeyes in Indonesia.