Vikram Kamats Hospitality (VKHL formerly known as Vidli Restaurants), has successfully raised ₹28 crore through a preferential allotment. Vikram Kamats is a pure veg South Indian premium chain & VITS is in the midmarket hotels segment.
The total amount of ₹28 crore was secured from a mix of renowned investors, including Mrinalini Jaisinghani (part of the Polycab Group), Nabs Vriddhii LLP (part of the Sattva Group), The Golden Bird Fund, a notable foreign portfolio investor, and Green Portfolio fund Management.
The funds raised will be used to fuel the expansion of 25 existing VITS Hotels, VKHL’s mid-market hotel chain known for providing exceptional service and a homely experience for travellers.
Vikram Kamat, Managing Director of Vikram Kamats Hospitality Limited, said, “Since 2016 we have given excellent return to investors despite ups and downs by focusing on an excellent profitable business and expansion. This is proof of continued trust of marquee investor and family offices in us. We will continue of assets right growth strategy by adding new VITS Hotels and Kamats Restaurants in PAN India.”
Founded in 2007 by Dr. Vikram Kamat, Vikram Kamats Hospitality is the flagship company of the VITSKAMATS Group, a diversified hospitality chain. While VKHL focuses primarily on the Kamats Restaurants and VITS Hotels business and its subsidiary Vitizen Hotels., operates the hotel vertical under lease, franchise, and management models.
