Jumboking valuation at Rs 400 crore plus! ‘Multi bagger investor’ picks up stake in India’s third-largest burger chain
Thursday, 4 April 2024
Ace investor Ashish Kacholia has secured a 17.2% stake in Jumboking, becoming its second-largest shareholder. The investment, valued between Rs 70-80 crore, showcases Jumboking's rising worth at Rs 400-500 crore. With 170 stores and Rs 110 crore sales, Jumboking is poised for significant expansion, focusing on franchising and market understanding.
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