Foresight Group successfully exits its investment in Mowgli, a leading Indian casual dining chain in the UK, partnering with TriSpan to support future growth.

Target Information

Mowgli, founded in 2014 by Nisha Katona, has evolved from its modest beginnings in Liverpool to establish itself as one of the UK's most cherished restaurant chains. Renowned for its authentic Indian cuisine, Mowgli offers a unique dining experience characterized by a "home from home" environment. The company initially launched with two locations in Liverpool and one in Manchester, but has since expanded to 15 locations across the UK. Mowgli’s commitment to quality and healthy Indian food sets it apart from traditional establishments, resonating well with its diverse customer base.

Industry Overview

The UK's casual dining sector has witnessed significant growth over the last decade, driven by changing consumer preferences and a desire for diverse culinary experiences. Indian cuisine, in particular, has gained popularity; establishments like Mowgli are a testament to this trend. The emphasis on authentic flavors, combined with a modern dining atmosphere, has propelled Indian restaurants to the forefront of the casual dining market.

Furthermore, sustainability has become a crucial factor in the food industry. Customers increasingly favor restaurants that adopt eco-friendly practices, and Mowgli has successfully integrated this ethos into its operations. Each

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TriSpan

invested in

Mowgli

in 2023

in a Other Private Equity deal

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