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Unify Foodworks raises Rs 5 Cr Seed funding through CCD

Unify Foodworks, the exclusive master franchisee for Moe’s Casa Mexicana and Carvel across India, has secured Rs 5 crore in a seed funding round through compulsorily convertible debentures (CCDs).

According to a press release, the company will deploy the fresh funds to expand both brands across the National Capital Region (NCR), where they first entered the Indian market.

Unify Foodworks plans to increase the brands’ store presence and build stronger consumer recognition in the region. It also intends to fine-tune its operating model as it works towards establishing both brands as national restaurant chains, with a long-term goal of opening over 100 outlets across India.

Founded in November 2024 by Sumer Sethi, Unify Foodworks holds exclusive pan-Indian master franchise rights for Moe’s Casa Mexicana, Carvel and Moe’s Southwest Grill.

Moe’s Casa Mexicana is the international evolution of US-based fast-casual restaurant chain Moe’s Southwest Grill, with India being its first overseas market. Its menu features burritos, bowls and tacos, along with offerings tailored to Indian consumers, including Habanero Paneer.

American ice cream brand Carvel, founded in 1934, entered the Indian market in 2025, opening its first outlet in Connaught Place, New Delhi. Both brands are owned by US-based private equity firm Roark Capital, which also has Subway, Baskin-Robbins and Dunkin’ in its portfolio.

As it prepares to expand beyond NCR, Unify Foodworks is also directing investments towards supply chain operations, logistics and training at the store level. The company will use the region to evaluate store economics, menu localisation and operational efficiency before rolling out the model in other markets.

 

 

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