November 6, 2026
Funding Fusion News

Aman Gupta’s SailThru invests in Unify Foodworks, the Indian operator of American brands Moe’s and Carvel

  • November 2, 2026
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Unify Foodworks, the corporate that holds the India grasp franchise for American meals manufacturers Moe’s Casa Mexicana and Carvel, has raised Rs 5 crore in a seed spherical


Unify Foodworks, the corporate that holds the India grasp franchise for American meals manufacturers Moe’s Casa Mexicana and Carvel, has raised Rs 5 crore in a seed spherical to increase each manufacturers throughout the Nationwide Capital Area (NCR).

The funding spherical was led by Atrium Ventures, boAt co-founder Aman Gupta’s SailThru Ventures, Arjun Vaidya and Abhishek Goyal, the New Delhi-based firm stated in a press release. It was raised by compulsorily convertible debentures (CCDs), which convert into fairness at a later stage.

The corporate stated the recent capital will go in the direction of including shops in NCR, the place each manufacturers opened their first Indian shops, and in the direction of constructing retailer density and model recall within the area. It goals to take the enterprise to greater than 100 shops throughout India.

Sumer Sethi, Founder and CEO of Unify Foodworks, stated the traders had been as invaluable to the corporate because the capital.

“This spherical offers us the runway to construct these foundations retailer by retailer, so each new opening is a confirmed mannequin repeated, not an experiment. Simply as invaluable are backers who perceive client manufacturers and share our lengthy view,” Sethi stated.

“Our ambition is to make Unify Foodworks the go-to platform for worldwide F&B manufacturers coming into India, scaling names that personal their class with out diluting what made them iconic,” he added.

Two American manufacturers, one Indian operator

Each Moe’s and Carvel belong to Atlanta-based GoTo Meals, whose seven manufacturers additionally embrace Cinnabon, Auntie Anne’s and Jamba. Unify stated each manufacturers are owned by Roark Capital, the personal fairness agency whose holdings additionally embrace Subway, Baskin-Robbins and Dunkin’.

Carvel got here first. The ice cream model, based by Tom Carvel in New York in 1934 and extensively credited with inventing gentle serve, opened its first Indian retailer at Connaught Place in New Delhi in October 2025.

Forward of that launch, Sethi had stated Unify deliberate at the very least 15 Carvel shops in Delhi-NCR and different main cities by March 2026, and anticipated income of Rs 5-6 crore for the monetary 12 months ending March 2026, according to PTI.

Moe’s Casa Mexicana, the worldwide model of US fast-casual chain Moe’s Southwest Grill, adopted two months later. Its first restaurant opened at Elan Miracle in Gurugram on 6 December 2025, with a second location deliberate at Atmosphere Mall in Vasant Kunj. Notably, India is the model’s first worldwide market.

“We’re thrilled to convey Moe’s Casa Mexicana to New Delhi and make India our first worldwide market,” Steven Yang, Senior Vice President for APAC at GoTo Meals, stated on the time.

The Indian menu pairs burritos, bowls and tacos with native objects similar to Habanero Paneer. Unify additionally holds the grasp franchise for Moe’s Southwest Grill, the model’s bigger restaurant format.

GoTo Meals lists greater than 600 Moe’s places and greater than 350 Carvel franchised and meals service places.

Moe’s opened a standalone outlet at Anupam Market in Saket in mid-September 2026, including objects similar to a Crunchy Taco, Double Decker Taco and Protein Bowls. With that opening, Unify had eight shops in India throughout the 2 manufacturers, together with three standalone Carvel shops and two co-branded shops, in accordance with reviews.

The corporate stated NCR will function its testing floor for retailer economics, menu localisation and working processes earlier than it takes the manufacturers to different markets. Its mannequin depends on an built-in provide chain, standardised processes and digital coaching for retailer employees.