Iconic restaurant chain Adyar Ananda Bhavan looks to tap PE funds to raise ₹1,000-1,200 cr

The Chennai-based QSR brand, famous for southern cuisine, is eyeing a valuation of about ₹3,500 crore, people aware of the development told ET. Veda Corporate Advisors will advise A2B in its fundraising process, which is part of a drive to professionalise the family-run business, the people said.