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Roark Capital Buys Dave's Hot Chicken for $1 Billion, Adds 315-Unit Chain to $40B Portfolio | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Roark Capital Buys Dave's Hot Chicken for $1 Billion, Adds 315-Unit Chain to $40B Portfolio | DeepNewz VC

Roark Capital, the owner of Subway, has acquired Dave's Hot Chicken in a $1 billion deal. This transaction adds a 315-unit chain to Roark Capital's extensive $40 billion portfolio. The acquisition reflects Roark's strategic expansion in the food and beverage sector, enhancing its influence and reach.

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Related News

Licious Buys Bengaluru’s My Chicken And More To Expand Its Omnichannel Footprint

Inc42 · 9m ago

Licious Buys Bengaluru’s My Chicken And More To Expand Its Omnichannel Footprint

Licious is expanding its presence by acquiring My Chicken and More, which adds 23 stores to its network. This move aligns with Licious' goal of integrating its online and offline sales channels and increasing its market reach. Licious, which started the year with only four stores, aims to have 40 stores by the end of the fiscal year.

Grapevine: Licious in deal to acquire meat store, PE firms eye Novartis India unit

VCCircle

VCCircle · 9m ago

Grapevine: Licious in deal to acquire meat store, PE firms eye Novartis India unit

Temasek-backed Licious, the popular meat and seafood platform, is set to acquire My Chicken and More, a Bengaluru-based chain of offline stores. The deal, estimated at Rs 150-200 crore, will boost Licious' presence in Bengaluru. It will involve a combination of cash and equity, with additional earnout clauses. In other news, private equity firms are reportedly eyeing the India unit of pharmaceutical company Novartis, indicating investment interest in the sector.

On acquisition spree, CK Birla Group's IVF arm now snaps Bangalore-based chain

VCCircle

VCCircle · 11m ago

On acquisition spree, CK Birla Group's IVF arm now snaps Bangalore-based chain

India's Birla Fertility & IVF, a unit of CK Birla Group, has acquired a chain of fertility centres, marking its second acquisition in three months as it expands its network. The acquisition of Bangalore-based BabyScience IVF adds a dozen clinics to Birla Fertility's operations. The company aims to expand to 100 clinics by FY28.

Beyond Imagination Raises $100 Million Led by Gauntlet Ventures, Targets $500M Valuation with Beomni Prototype Amid $40B Figure AI Rivalry | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Beyond Imagination Raises $100 Million Led by Gauntlet Ventures, Targets $500M Valuation with Beomni Prototype Amid $40B Figure AI Rivalry | DeepNewz VC

Beyond Imagination has successfully raised $100 million in a funding round led by Gauntlet Ventures and aims to secure a total of $500 million. This funding will support the development of its humanoid robot, Beomni, which has a target cost of $20,000. Meanwhile, China’s UBTech Robotics is set to introduce a new $20,000 humanoid robot designed for household companionship, marking its expansion from industrial applications to personal use.

Pharos Network, EVM-Compatible Layer 1 Blockchain Founded by Ex-AntChain Engineers, Launches Testnet After $8 Million Seed Funding | DeepNewz VC

deepnewz

deepnewz · 2m ago

Pharos Network, EVM-Compatible Layer 1 Blockchain Founded by Ex-AntChain Engineers, Launches Testnet After $8 Million Seed Funding | DeepNewz VC

Pharos Network, founded by former AntChain engineers, is an EVM-compatible Layer 1 blockchain. It employs a dual-chain architecture, merging a PBFT-based main chain with a PoW-secured proof chain, to enhance scalability, security, and decentralization. The network is now being tracked by DefiLlama.

Trump-Backed American Bitcoin Raises $300 Million, Plans $12 Billion Fundraising; Cardone Capital Buys $100 Million Bitcoin | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Trump-Backed American Bitcoin Raises $300 Million, Plans $12 Billion Fundraising; Cardone Capital Buys $100 Million Bitcoin | DeepNewz VC

American Bitcoin, backed by former President Donald Trump, has successfully raised $300 million and is planning a significant fundraising effort aiming for $12 billion. The move is reportedly considered to potentially invest in Bitcoin, as highlighted by Crypto Rover on social media. This development points to a substantial interest in the cryptocurrency sector, particularly connected to prominent political figures, highlighting the ongoing momentum and investment appeal within this digital asset space.

Shards Protocol Raises $2 Million from Yield Guild, Animoca Brands to Expand Aura Web3 Reputation Platform | DeepNewz VC

deepnewz

deepnewz · 2m ago

Shards Protocol Raises $2 Million from Yield Guild, Animoca Brands to Expand Aura Web3 Reputation Platform | DeepNewz VC

Shards Protocol has raised $2 million to expand Aura, a Web3 reputation layer that converts wallet history into badges, scores, and real rewards. The funding round includes backing from Animoca Brands, Kyber Ventures, and Yield Guild, among others. Aura aims to enhance Web3 interactions by offering a reputational system rooted in on-chain activities. This development signifies a growing interest in improving user engagement and trust in blockchain-based ecosystems.

Sei Labs Unveils Sei Giga: 5 Gigagas, 200K TPS, and Sub-400ms Finality to Boost EVM Performance | DeepNewz VC

deepnewz

deepnewz · 2m ago

Sei Labs Unveils Sei Giga: 5 Gigagas, 200K TPS, and Sub-400ms Finality to Boost EVM Performance | DeepNewz VC

Sei Labs introduces "Sei Giga" featuring 5 GigaGas, 200,000 transactions per second (TPS), and sub-400 millisecond finality to enhance Ethereum Virtual Machine (EVM) capabilities. The upgrade aims to significantly boost network performance and efficiency, facilitating faster and more effective cross-chain settlements and interoperability. This advancement underscores a notable enhancement in blockchain technology, potentially transforming how decentralized applications interact and process transactions across different platforms.

Brahma Finance Relaunches Soulbound Imprint NFT Minting With Bot Filters, Level 4 Unlock, 5% BRAH Airdrop, and $6.7M Funding | DeepNewz VC

deepnewz

deepnewz · 2m ago

Brahma Finance Relaunches Soulbound Imprint NFT Minting With Bot Filters, Level 4 Unlock, 5% BRAH Airdrop, and $6.7M Funding | DeepNewz VC

Brahma Finance has relaunched its soulbound Imprint NFT ahead of their token launch. The minting will occur on Berachain. Users who reach Level 4 by utilizing Brahma Account's features, like swapping or lending, are guaranteed a minimum 5% of the supply airdrop. This initiative is designed to reward on-chain users and build engagement within their platform prior to the upcoming release.

Wow! Momo raises Rs 130-150 Cr led by Haldiram’s Kamal Agrawal and Khazanah

Entrackr

Entrackr · 3m ago

Wow! Momo raises Rs 130-150 Cr led by Haldiram’s Kamal Agrawal and Khazanah

Wow! Momo has reportedly raised Rs 130–150 crore in a bridge funding round led by Kamal Agrawal from the Haldiram promoter family and Malaysian fund Khazanah Nasional. Economic Times, which reported the development first, added that the funding is structured through convertible notes, with the valuation to be decided in the next round. According to the report, the Kolkata-based quick service restaurant chain is planning to raise $75–80 million (about Rs 600–700 crore) in its next funding round, expected to close in the October–December quarter of 2025. Wow! Momo has raised over Rs 600 crore to date including $42 million (Rs 350 crore) in its Series D led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. Other investors in the current round include family offices and high-net-worth individuals. Agrawal was earlier linked to the Nagpur unit of Haldiram, which later merged with its Delhi counterpart. Wow! Momo operates under four brands: Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. It runs 680 outlets and plans to add 200–250 more by next year. As per TheKredible, Wow! Momo’s revenue from operations grew to Rs 470 crore in the last fiscal year from Rs 413 crore in FY23. It maintained steady losses at Rs 114 crore in FY24. The company is also growing its FMCG business, with frozen momos generating Rs 5 crore in monthly sales, mainly through quick commerce platforms.

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