Bastian Hospitality, co-owned by actor Shilpa Shetty, is seeking private equity funding to fuel domestic and international expansion. The fine-dining chain plans to use the capital to diversify into cafes, bars, and clubs, with an ambitious revenue target of ₹1,000 crore by FY27.
Detailed Coverage
Bastian Hospitality, the luxury restaurant operator co-owned by actor Shilpa Shetty and restaurateur Ranjit Bindra, is initiating steps to raise fresh capital. The company is exploring the sale of a 20-25% minority stake to private equity firms or strategic partners to accelerate its growth plans. This fundraising effort is intended to support the company’s expansion beyond its existing footprint of eight outlets in cities including Mumbai, Goa, Bengaluru, Pune, and Ahmedabad.
Strategic Shift Toward Diversified Dining
Founded in 2014, Bastian Hospitality is moving to broaden its business model. While it is currently known for its premium dining spaces, the company plans to introduce new concepts such as bars, bakeries, cafes, and members' clubs. A significant upcoming project includes the launch of 'Maison Twenty-Seven' in collaboration with the Adani Group, which is expected within the next 12 to 18 months. By diversifying its portfolio, the company aims to move toward a more scalable, multi-format business structure.
Financial Targets and Market Context
The company has set a target to reach ₹1,000 crore in revenue by the 2027 financial year. Achieving this goal will depend on the successful execution of its new concepts and the pace of its planned expansion into international markets. The hospitality sector in India has recently seen increased interest from institutional investors, supported by rising urban consumption and a growing preference for premium social spaces among younger consumers. However, the premium restaurant segment often faces challenges related to high operating costs, property rentals in prime locations, and the need to maintain consistent service quality across multiple cities. Investors interested in the broader hospitality space may monitor how effectively the company balances this aggressive expansion with the management of its profit margins and debt levels as it scales operations.