Unify Foodworks Raises Rs 5 Crore in Seed Round
The Moe's Casa Mexicana and Carvel franchisee raised the seed round through compulsorily convertible debentures.
Key Takeaways
- Unify Foodworks raised Rs 5 crore in a seed round.
- The round was raised through compulsorily convertible debentures (CCDs).
- The company is the master franchisee of Moe's Casa Mexicana and Carvel in India.
- It said the funds will go into expanding both brands across the NCR.
- Its long-term goal is more than 100 stores across India.
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Unify Foodworks, the master franchisee of Moe's Casa Mexicana and Carvel in India, has raised Rs 5 crore in a seed round. The round was raised through compulsorily convertible debentures (CCDs).
Sumer Sethi founded Unify Foodworks. The two brands made their India debut in the National Capital Region (NCR).
Unify Foodworks funding at a glance
| Detail | Unify Foodworks |
|---|---|
| Amount | Rs 5 crore |
| Round | Seed |
| Instrument | Compulsorily convertible debentures (CCDs) |
| Sector | Food and beverage franchising |
| Founder | Sumer Sethi |
The two brands Unify Foodworks runs in India
Unify Foodworks is the master franchisee of Moe's Casa Mexicana and Carvel in India. Both brands are owned by Roark Capital, a US private equity firm.
Carvel opened its first Indian outlet in Connaught Place, New Delhi, in 2025. Moe's Casa Mexicana is the international version of the US chain Moe's Southwest Grill, and India is its first international market.
Unify Foodworks' path from launch to a seed round
| When | Milestone |
|---|---|
| 2025 | Carvel opens its first India outlet in Connaught Place, New Delhi |
| November 2026 | Unify Foodworks raises a Rs 5 crore seed round |
What Unify Foodworks says it will do with the seed money
Unify Foodworks said it will use the funds to expand both brands across the NCR, increase store density and strengthen consumer recall in the region. The company said its long-term goal is more than 100 stores across India.
Where Unify Foodworks stands after its seed round
Unify Foodworks runs Moe's Casa Mexicana and Carvel, two US brands that both made their India debut in the NCR.
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Frequently Asked Questions
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