The two companies announced the formation of a joint venture to set up Burger King restaurants across India, a joint statement said on Wednesday. "After a very thorough process, we chose Everstone as our partner based on its history, business acumen and command of the massive and complex India market," said Elias Diaz Sese, president, BK AsiaPac Pte Ltd, said.

Over the next few months, Everstone would work together with BK AsiaPac Pte Ltd to set up the supply chain in India and execute a roll-out plan to establish Burger King restaurants across the country, the release said. Founded in 1954, Burger King Worldwide is claimed to be the second largest fast-food hamburger chain in the world. It operates in 91 countries.

"India is a market with huge potential for Burger King restaurants and we have the chance to offer the unique Burger King brand proposition to its consumers with our own local twist to the menu," said Diaz Sese. Everstone Group is a leading private equity and real estate firm in India.

The diversified firm said Everstone would bring its vast consumer insights, extensive retail real estate expertise, experience of food and beverage operations and requisite capital to bear to build the Burger King brand into India's leading quick service restaurant.

"Burger King, one of the world's most popular and iconic brands, has yet to establish its presence in India. We are very excited to partner with BK AsiaPac Pte Ltd and become the master franchisee for India," said Sameer Sain, co-founder and managing partner, Everstone Group.


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