Mowgli, the Liverpool-based Indian street food restaurant, is set to open its fourth site later this summer in Leeds, MCA understands.
The company, which is the brainchild of barrister turned restaurateur and food writer Nisha Katona, will open a site in the Trinity Leeds scheme. It had previously been in talks on a site in Station Street in the city.
MCA revealed earlier this year that private equity group Foresight was set to invest in the current three-strong concept after it is thought to have beaten off interest in the business from the Business Growth Fund, amongst others.
Talks on Foresight’s investment in the business are currently ongoing.
MCA revealed in December that Mowgli had appointed advisers Grant Thornton to review its option with the objective of securing new investment to fund its next stage of growth.
Mowgli opened its second site in Liverpool at the end of last year.
MCA understands that the group, which operates a second site Liverpool and a unit in Manchester’s Corn Exchange, has experienced a 30% growth in sales since its launch two years ago.
At the same time, MCA understands that Katona is set to front a new TV show on the back of the success of Mowgli.
It is thought that the company is also currently exploring locations in Birmingham and central London.
Former McDonald’s development director Peter Richards is currently an investor in the business.