Developer docs
API playgroundTry for free, no card

Search company profiles

Azure Hospitality

Full company profile

uuid0003a55

Namestring
Azure Hospitality
Legal namestring
Azure Hospitality Pvt. Ltd.
Company typeenum
Private
Founded yearint
2009
Descriptiontext

Azure Hospitality Pvt. Ltd. is a privately held, multi-brand restaurant operator headquartered in New Delhi, India. Founded in 2009 by Kabir Suri and Rahul Khanna, the company runs a portfolio of five distinct full-service restaurant concepts—Mamagoto (pan-Asian share-plate dining), Dhaba (heritage Punjabi cuisine, dating to 1986), Sly Granny (cocktail bar with prohibition-era drinks), FoxTrot (creative community bar), and Pahli Hill (hyper-regional Indian cuisine with barbecue)—each positioned for a different dining occasion. The portfolio is operated entirely company-owned, with no franchising disclosed, and is supported by ISO 9001-certified kitchen and service operations.

The company has scaled to 50+ restaurants across 15+ Indian cities and serves over 1 million cumulative customers. Backend operations are run by a leadership team that includes COO Vineet Kochar, Food Director Janti Dugal, and Corporate Chef Chef Ravi. The headcount shows source-discrepant reporting: the main website cites "more than a thousand passionate people" while the About page references "over 2,500 of us"; the higher figure is adopted as the more current one for analytical purposes. Technology is asset-light rather than proprietary: an in-house branded ordering site, Azure Retail (retail.azurehospitality.com), is powered by UrbanPiper and integrates Paytm, Simpl Pay Later, and PayPal for checkout. The company does not publish a native mobile app and has no API/SDK offering.

Revenue is generated primarily through dine-in transaction revenue across physical locations, supplemented by takeaway and delivery orders routed through Azure Retail and aggregator platforms. Pricing is per-cover and varies by brand and city; no subscription, loyalty-program economics, or tiered corporate pricing is publicly disclosed. The business is India-only with no international footprint. Capital structure reflects four disclosed venture rounds between 2015 and 2018 totaling approximately $37.2M, led by Goldman Sachs with co-investment from Max Ventures and Industries; no subsequent funding event is disclosed in the supplied material.

Short descriptiontext

Azure Hospitality is a New Delhi-based, multi-brand restaurant operator (Mamagoto, Dhaba, Sly Granny, FoxTrot, Pahli Hill) running 50+ owned restaurants across 15+ Indian cities, serving urban consumers through dine-in and an in-house digital ordering platform.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersNew Delhi, India
HQ citystring
New Delhi
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
multi-brand restaurant operations, casual dining restaurants, pan-Asian cuisine dining, Punjabi cuisine restaurants, bar and lounge concepts
Industry3 codes
1All-Day Dining Restaurants
CodeTHAFACAJPrimaryYes
2Rooftop Bars & Outdoor Nightlife Venues
CodeMPAGAIAFPrimaryNo
3Family-Style Restaurants
CodeTHAFACACPrimaryNo
NAICS code2 codes
  • Full-Service Restaurants722511
  • Drinking Places (Alcoholic Beverages)722410
SIC code2 codes
  • Retail-Eating & Drinking Places5810
  • Retail-Eating Places5812
Product category
Multi-brand casual dining restaurants
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model2 records
1Restaurant Dining
TypeOne Time License
Description

Revenue from dine-in services across 50+ restaurant locations, including food and beverage sales at full-service restaurants.

azurehospitality.com
2Food Delivery and Takeaway
TypeTransaction Fee
Description

Online ordering platform enabling pickup and delivery orders across restaurant brands, generating transaction-based revenue.

retail.azurehospitality.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Pricing details1 tier
1Restaurant dining experiences at various price points
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Pricing varies by brand and location. Mamagoto features Asian cuisine with shareable portions, Dhaba offers Punjabi cuisine, FoxTrot targets creative professionals, Pahli Hill focuses on hyper-regional Indian cuisine with barbecue.

azurehospitality.com
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 of 5 records shown
1Mamagoto
Description

Asian cuisine restaurant chain. Literally translated, Mamagoto means 'to play with food'. Recipes are rumoured to be stored in a North Korean bunker and serving portions are democratic and made to share.

azurehospitality.com
+4 more records
Core offering1 text field

Azure Hospitality operates a portfolio of five restaurant brands—Mamagoto (pan-Asian shared plates), Dhaba (Punjabi cuisine heritage brand since 1986), Sly Granny (cocktail bar/lounge), FoxTrot (creative bar venue), and Pahli Hill (hyper-regional Indian cuisine with barbecue)—across more than 50 restaurants in 15+ Indian cities. The company complements dine-in operations with the Azure Retail online ordering platform, which supports pickup and home delivery for its brands.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Over 1 million customers served
Product overview1 text field

Azure Hospitality is a multi-brand restaurant operator running a portfolio of five distinct dining concepts: Mamagoto (pan-Asian shared-plate dining), Dhaba (heritage Punjabi cuisine since 1986), Sly Granny (cocktail bar and lounge), FoxTrot (creative bar venue), and Pahli Hill (hyper-regional Indian cuisine with barbecue focus). The company operates over 50 restaurants across 15+ cities in India with a digital retail platform enabling online ordering and delivery for all its brands.

Product and service5 records
1Mamagoto
CategoryCasual dining restaurant
Description

Pan-Asian restaurant brand offering shared-plate dining; the brand name translates to 'to play with food'. Operates multiple outlets across Indian cities serving Sichuan, Japanese-inspired, and other Asian dishes in a democratic, shareable format. Targeted at urban diners seeking varied Asian flavours.

2Dhaba
CategoryCasual dining restaurant
Description

Heritage Punjabi cuisine restaurant brand established in 1986, originally opened in the heart of Lutyens Delhi. Known for authentic, unapologetic Punjabi 'swag' dining across multiple outlets in India. Targeted at diners seeking traditional North Indian flavours.

3Sly Granny
CategoryBar and lounge
Description

Cocktail bar and lounge concept offering global gastronomic fare and prohibition-era style cocktails in a curated 'grown-ups' space. Targeted at adults seeking a sophisticated bar and dining environment.

4FoxTrot
CategoryBar and lounge
Description

Bar venue positioned as a space away from home or office where creative individuals can connect, share ideas, and socialise. Targeted at creative professionals and urban communities seeking an interactive bar environment.

5Pahli Hill
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Project Why
Strategic tierMinorTypeOthers
Description

Azure Hospitality works with Project Why, a charitable initiative, to help educate children from lesser privileged backgrounds as part of their CSR and social responsibility efforts.

azurehospitality.com
Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Indian multi-brand full-service restaurant operator with dining and bar concepts across cities; directly comparable to Azure Hospitality in scale, brand-portfolio model, and Indian urban market focus.

TypeDirect peer
Description

Listed Indian restaurant chain operating live-grill buffet dining outlets nationwide; comparable to Azure's full-service casual dining play, footprint expansion model, and Indian middle-class targeting.

TypeBroad incumbent
Description

Largest organized restaurant operator in India (Domino's, Popeyes, Dunkin', Hong's Kitchen); comparable as a broad incumbent in Indian food service with multi-brand portfolio and significant scale advantages.

TypeBroad incumbent
Description

Master franchisee operator of Burger King and other QSR brands in India; comparable multi-brand Indian restaurant operator with institutional backing and aggressive urban expansion.

TypeDirect peer
Description

Indian multi-concept casual and modern Indian fine-dine operator behind Farzi Café and Made in India; very comparable to Azure's house-of-brands portfolio strategy targeting urban lifestyle diners.

TypeDirect peer
Description

Indian multi-brand F&B operator running concepts such as Punjab Grill and Café Delhi Heights in malls and airports; directly comparable portfolio model and urban Indian consumer base.

TypeDirect peer
Description

Indian multi-brand hospitality group behind Social, Smoke House Deli, and BOSS; comparable multi-brand casual dining and bar operator with strong urban millennial targeting.

TypeEmerging player
Description

Fast-growing Indian QSR/casual chain with multi-brand extensions (Wow! China, Wow! Momo); partial overlap as an emerging brand-portfolio operator targeting similar urban Indian consumers.

TypeBroad incumbent
Description

One of India's largest multi-brand QSR franchise operators; comparable as broad incumbent with diversified food service portfolio across price points and geographies.

TypeOthers
Description

Hospitality conglomerate operating premium hotel restaurants and banqueting; relevant as an adjacent operator in full-service Indian dining at the upper end of the market where Azure's heritage brands compete.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration4 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries6 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Azure Hospitality

Multi-brand casual dining restaurantsazurehospitality.com

Azure Hospitality is a New Delhi-based, multi-brand restaurant operator (Mamagoto, Dhaba, Sly Granny, FoxTrot, Pahli Hill) running 50+ owned restaurants across 15+ Indian cities, serving urban consumers through dine-in and an in-house digital ordering platform.

What Azure Hospitality does

Azure Hospitality Pvt. Ltd. is a privately held, multi-brand restaurant operator headquartered in New Delhi, India. Founded in 2009 by Kabir Suri and Rahul Khanna, the company runs a portfolio of five distinct full-service restaurant concepts—Mamagoto (pan-Asian share-plate dining), Dhaba (heritage Punjabi cuisine, dating to 1986), Sly Granny (cocktail bar with prohibition-era drinks), FoxTrot (creative community bar), and Pahli Hill (hyper-regional Indian cuisine with barbecue)—each positioned for a different dining occasion. The portfolio is operated entirely company-owned, with no franchising disclosed, and is supported by ISO 9001-certified kitchen and service operations.

The company has scaled to 50+ restaurants across 15+ Indian cities and serves over 1 million cumulative customers. Backend operations are run by a leadership team that includes COO Vineet Kochar, Food Director Janti Dugal, and Corporate Chef Chef Ravi. The headcount shows source-discrepant reporting: the main website cites "more than a thousand passionate people" while the About page references "over 2,500 of us"; the higher figure is adopted as the more current one for analytical purposes. Technology is asset-light rather than proprietary: an in-house branded ordering site, Azure Retail (retail.azurehospitality.com), is powered by UrbanPiper and integrates Paytm, Simpl Pay Later, and PayPal for checkout. The company does not publish a native mobile app and has no API/SDK offering.

Revenue is generated primarily through dine-in transaction revenue across physical locations, supplemented by takeaway and delivery orders routed through Azure Retail and aggregator platforms. Pricing is per-cover and varies by brand and city; no subscription, loyalty-program economics, or tiered corporate pricing is publicly disclosed. The business is India-only with no international footprint. Capital structure reflects four disclosed venture rounds between 2015 and 2018 totaling approximately $37.2M, led by Goldman Sachs with co-investment from Max Ventures and Industries; no subsequent funding event is disclosed in the supplied material.

Azure Hospitality firmographics

Firmographics
Name
Azure Hospitality
Legal name
Azure Hospitality Pvt. Ltd.
Website
https://azurehospitality.com
Company type
Private
Founded year
2009
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Azure Hospitality is a New Delhi-based, multi-brand restaurant operator (Mamagoto, Dhaba, Sly Granny, FoxTrot, Pahli Hill) running 50+ owned restaurants across 15+ Indian cities, serving urban consumers through dine-in and an in-house digital ordering platform.
Ownership category
akta.pro rank

Azure Hospitality industry classification

Industry
Product category
Multi-brand casual dining restaurants
NAICS
Full-Service Restaurants (722511), Drinking Places (Alcoholic Beverages) (722410)
SIC
Retail-Eating & Drinking Places (5810), Retail-Eating Places (5812)
akta.pro primary industry
All-Day Dining Restaurants (THAFACAJ)
akta.pro secondary industries
Rooftop Bars & Outdoor Nightlife Venues (MPAGAIAF), Family-Style Restaurants (THAFACAC)

Keywords

  • Multi-brand restaurant operations
  • Casual dining restaurants
  • Pan-Asian cuisine dining
  • Punjabi cuisine restaurants
  • Bar and lounge concepts

Where Azure Hospitality is headquartered

Location

Headquarters

HQ city
New Delhi
HQ country
India
HQ region
Asia

Offices1 record

Markets served

Azure Hospitality business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Restaurant Dining: Revenue from dine-in services across 50+ restaurant locations, including food and beverage sales at full-service restaurants.
  2. Food Delivery and Takeaway: Online ordering platform enabling pickup and delivery orders across restaurant brands, generating transaction-based revenue.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goRestaurant dining experiences at various price points

Go-to-market motion3 records

Distribution channels2 records

Marketing channels3 records

Azure Hospitality product offering

Product offering

Core offering

Azure Hospitality operates a portfolio of five restaurant brands—Mamagoto (pan-Asian shared plates), Dhaba (Punjabi cuisine heritage brand since 1986), Sly Granny (cocktail bar/lounge), FoxTrot (creative bar venue), and Pahli Hill (hyper-regional Indian cuisine with barbecue)—across more than 50 restaurants in 15+ Indian cities. The company complements dine-in operations with the Azure Retail online ordering platform, which supports pickup and home delivery for its brands.

Product overview

Azure Hospitality is a multi-brand restaurant operator running a portfolio of five distinct dining concepts: Mamagoto (pan-Asian shared-plate dining), Dhaba (heritage Punjabi cuisine since 1986), Sly Granny (cocktail bar and lounge), FoxTrot (creative bar venue), and Pahli Hill (hyper-regional Indian cuisine with barbecue focus). The company operates over 50 restaurants across 15+ cities in India with a digital retail platform enabling online ordering and delivery for all its brands.

Differentiator

Problem solved

Functional benefit

Brands

  • Mamagoto: Asian cuisine restaurant chain. Literally translated, Mamagoto means 'to play with food'. Recipes are rumoured to be stored in a North Korean bunker and serving portions are democratic and made to share.
  • Dhaba
  • Sly
  • FoxTrot
  • Pahli Hill

Products and services

  • Mamagoto Pan-Asian restaurant brand offering shared-plate dining; the brand name translates to 'to play with food'. Operates multiple outlets across Indian cities serving Sichuan, Japanese-inspired, and other Asian dishes in a democratic, shareable format. Targeted at urban diners seeking varied Asian flavours.
  • Dhaba Heritage Punjabi cuisine restaurant brand established in 1986, originally opened in the heart of Lutyens Delhi. Known for authentic, unapologetic Punjabi 'swag' dining across multiple outlets in India. Targeted at diners seeking traditional North Indian flavours.
  • Sly Granny Cocktail bar and lounge concept offering global gastronomic fare and prohibition-era style cocktails in a curated 'grown-ups' space. Targeted at adults seeking a sophisticated bar and dining environment.
  • FoxTrot Bar venue positioned as a space away from home or office where creative individuals can connect, share ideas, and socialise. Targeted at creative professionals and urban communities seeking an interactive bar environment.
  • Pahli Hill

Quantifiable outcome

  • Over 1 million customers served

Companies that use Azure Hospitality

Customer profile

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Azure Hospitality technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration4 records

Feature1 record

Azure Hospitality partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Project WhyminorOthersAzure Hospitality works with Project Why, a charitable initiative, to help educate children from lesser privileged backgrounds as part of their CSR and social responsibility efforts.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Azure Hospitality competitors and assessment

Company assessment

Direct peers

  • Speciality Restaurants: Indian multi-brand full-service restaurant operator with dining and bar concepts across cities; directly comparable to Azure Hospitality in scale, brand-portfolio model, and Indian urban market focus.
  • Barbeque Nation Hospitality: Listed Indian restaurant chain operating live-grill buffet dining outlets nationwide; comparable to Azure's full-service casual dining play, footprint expansion model, and Indian middle-class targeting.
  • Massive Restaurants (Farzi Café, Made in India): Indian multi-concept casual and modern Indian fine-dine operator behind Farzi Café and Made in India; very comparable to Azure's house-of-brands portfolio strategy targeting urban lifestyle diners.
  • Lite Bite Foods (Punjab Grill, Café Delhi Heights): Indian multi-brand F&B operator running concepts such as Punjab Grill and Café Delhi Heights in malls and airports; directly comparable portfolio model and urban Indian consumer base.
  • Impresario Entertainment & Hospitality (Social, Smoke House Deli): Indian multi-brand hospitality group behind Social, Smoke House Deli, and BOSS; comparable multi-brand casual dining and bar operator with strong urban millennial targeting.

Broad incumbents

  • Jubilant FoodWorks: Largest organized restaurant operator in India (Domino's, Popeyes, Dunkin', Hong's Kitchen); comparable as a broad incumbent in Indian food service with multi-brand portfolio and significant scale advantages.
  • Restaurant Brands Asia (Burger King India): Master franchisee operator of Burger King and other QSR brands in India; comparable multi-brand Indian restaurant operator with institutional backing and aggressive urban expansion.
  • Devyani International (KFC, Pizza Hut India): One of India's largest multi-brand QSR franchise operators; comparable as broad incumbent with diversified food service portfolio across price points and geographies.

Emerging players

  • Wow! Momo Foods: Fast-growing Indian QSR/casual chain with multi-brand extensions (Wow! China, Wow! Momo); partial overlap as an emerging brand-portfolio operator targeting similar urban Indian consumers.

Others

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Azure Hospitality social profiles

Digital presence

Azure Hospitality compliance and trust

Trust signal

Compliance1 record

Azure Hospitality financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Azure Hospitality leadership team

Management profile

Number of profiles

Profiles5 records

Azure Hospitality subsidiaries and ownership

Company hierarchy

Subsidiaries6 records

Azure Hospitality funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Azure Hospitality M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azure Hospitality

What does Azure Hospitality do?

Azure Hospitality operates a portfolio of five restaurant brands—Mamagoto (pan-Asian shared plates), Dhaba (Punjabi cuisine heritage brand since 1986), Sly Granny (cocktail bar/lounge), FoxTrot (creative bar venue), and Pahli Hill (hyper-regional Indian cuisine with barbecue)—across more than 50 restaurants in 15+ Indian cities. The company complements dine-in operations with the Azure Retail online ordering platform, which supports pickup and home delivery for its brands.

Is Azure Hospitality a public or private company?

Azure Hospitality is a private company. It is classified as venture growth investor backed and is currently operating.

When was Azure Hospitality founded?

Azure Hospitality was founded in 2009. It employs 501 to 1,000 people.

Where is Azure Hospitality based?

Azure Hospitality is headquartered in New Delhi, India, in the Asia region.

How does Azure Hospitality make money?

Two revenue lines are on record. Restaurant Dining is the primary driver. The others are food Delivery and Takeaway.

Who are Azure Hospitality's main competitors?

Direct peers on record are Speciality Restaurants, Barbeque Nation Hospitality, Massive Restaurants (Farzi Café, Made in India), Lite Bite Foods (Punjab Grill, Café Delhi Heights) and Impresario Entertainment & Hospitality (Social, Smoke House Deli). Broad incumbents are Jubilant FoodWorks, Restaurant Brands Asia (Burger King India) and Devyani International (KFC, Pizza Hut India). Wow! Momo Foods is listed as an emerging player. Taj SATS Air Catering / Indian Hotels (food service arm) is listed as an others.

Does Azure Hospitality have an API?

No public API is recorded for Azure Hospitality.

What industry is Azure Hospitality in?

Azure Hospitality's product category is Multi-brand casual dining restaurants. Its primary akta.pro industry code is THAFACAJ, All-Day Dining Restaurants, with a secondary code of MPAGAIAF, Rooftop Bars & Outdoor Nightlife Venues. Its NAICS code is 722511 and its SIC code is 5810.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
TimesNowBuilding Restaurants People Actually Miss: Restaurateur Rahul Khanna On Food, Nostalgia And The Art Of HospitalityRahul Khanna, co-founder of Azure Hospitality, discusses his restaurants' focus on nostalgia and hospitality, citing dishes like Sweet Corn Chicken Soup and Chiang Mai Noodles. He notes delivery re-engineering during COVID-19 and plans to expand into Chandigarh and Itanagar.MintInterGlobe set to take controlling stake in Mamagoto parent Azure Hospitality in $15-20 million dealInterGlobe Enterprises is set to take a controlling stake in Azure Hospitality for $15-20 million, with the deal expected to close in September. The investment will come from existing investors Goldman Sachs and Max Ventures partially exiting, and funds will support working capital, liabilities, and expansion. Azure's revenue peaked at ₹158.6 crore in FY23 before declining to ₹126.9 crore in FY25.Financial ExpressHow artificial intelligence is helping MSMEs to optimize processes, accelerate growthMSMEs are increasingly adopting AI to optimize operations and accelerate growth, with examples from logistics and hospitality. JCCI Logistics reported a 20% increase in vehicle mileage after deploying AI-based fleet management, while Azure Hospitality cited a 30% cost saving over five years. A Crisil survey found over 65% of micro and small units adopted or upgraded digital platforms.Forbes IndiaInvestors show a growing appetite for foodAzure Hospitality, run by founders Kabir Suri and Rahul Khanna, raised $10 million in growth capital from Goldman Sachs this July, operating nine Mamagoto restaurants plus outlets under Rollmaal and Speedy Chow. The deal is smaller than recent investments in Devyani International, Zomato and Foodpanda, but the food service sector is projected to grow at 8 percent CAGR to Rs 423,140 crore by 2020.