New Delhi, 15 September 2026: Shardul Amarchand Mangaldas & Co. (SAM) advised Popo Global Private Limited and its Founders in connection with a strategic investment by the Invus Group (Artal Asia Pte. Ltd.).
The transaction was valued at approximately INR 532 Crores, with Popo Global Private Limited valued at approximately INR 1,500 Crores.
Bengaluru-based Popo Global is a multi-brand restaurant platform operating popular food and beverage brands, including The Pizza Bakery, Paris Panini and Smash Guys. The transaction represents a significant private equity investment in India’s rapidly expanding organised food and quick-service restaurant sector.
The investment is expected to support Popo Global’s continued expansion and scaling of its portfolio of differentiated food and beverage brands, while providing a platform for further growth in India’s increasingly organised and premiumised restaurant market.
The transaction also reflects the growing interest of institutional investors in India’s consumer and QSR ecosystem, as the sector continues to see increasing organisation, premiumisation and opportunities for scaled multi-brand restaurant platforms.
The SAM team comprised Navruz Vakil, Partner; Alena Nari Advani, Consultant; Daksh Hemnani, Senior Associate; and Vidhi Shah, Associate.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co. (SAM), founded on a century of legal achievements, is one of India’s leading full-service law firms with the ISO/IEC 27001:2022 certification – the latest global benchmark for Information Security Management Systems. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & restructuring, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, white collar crime, technology law and infrastructure, energy and project finance.
With the full suite of Harvey AI functionalities, the Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has 1,004 lawyers including 193 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, GIFT City (Gandhinagar), Kolkata, Bengaluru and Chennai.
For further information, please contact –
Qasir Khan
M: +91 9654882105
Email: qasir.khan@amsshardul.com
Shashwati
M: +91 97180 80401
Email: shashwati@avianwe.com
