Unify Foodworks Raises Rs 5 Crore for NCR Expansion

By Amara Osei

Unify Foodworks has raised Rs 5 crore in a seed funding round through compulsorily convertible debentures (CCDs), targeting a broader rollout of Moe's Casa Mexicana and Carvel.

The company said in a press release that the capital will expand both brands across the National Capital Region (NCR), where they made their India debut. It also plans to increase store density, strengthen consumer recall and refine its operating model.

What will the Rs 5 crore fund?

Unify Foodworks is investing in supply chain, logistics and store-level training as it prepares to expand beyond NCR. The company will use the region to test store economics, menu localisation and operational efficiency before replicating the model in other markets.

That sequence keeps the expansion tied to operating results before a wider rollout. NCR will provide the test bed for the two brands, while the seed capital supports preparation for markets outside the region. The sequence gives Unify Foodworks a basis for decisions on the brands' national expansion.

Unify Foodworks was launched in November 2024 by Sumer Sethi. It holds exclusive pan-Indian master franchise rights for Moe's Casa Mexicana, Carvel and Moe's Southwest Grill, covering their entry and expansion in India.

Which brands sit behind the expansion?

Moe's Casa Mexicana is the international evolution of the US fast-casual restaurant chain Moe's Southwest Grill. India is the brand's first international market, and its menu includes burritos, bowls and tacos alongside India-focused offerings such as Habanero Paneer.

Carvel entered India in 2025 with its first outlet in Connaught Place, New Delhi. The American ice cream brand was founded in 1934, giving Unify Foodworks a second established format to develop in the same region.

Both brands are owned by US-based private equity firm Roark Capital. Its portfolio also includes Subway, Baskin-Robbins and Dunkin', while Unify Foodworks operates the Indian master franchise rights rather than owning the brands.

What does the national target require?

Unify Foodworks wants to build Moe's Casa Mexicana and Carvel into national restaurant chains. Its long-term target calls for more than 100 stores across India, extending beyond the NCR base through the model developed in the region.

The regional rollout will shape the national push. Its three test points are store economics, menu localisation and operational efficiency. The 100-plus store ambition therefore depends on turning the regional format into a repeatable one.

The seed round funds the work needed to make that repetition possible. Unify Foodworks is directing capital into supply chain, logistics and store-level training as it prepares to operate beyond NCR. Higher store density and stronger consumer recall remain its immediate commercial priorities in the region.

The funding also gives the company resources to test two concepts in NCR before expanding the combined footprint. Moe's Casa Mexicana is building a fast-casual business around burritos, bowls and tacos, while Carvel is scaling an ice cream business that started in India in 2025. The company will judge the approach on store economics, menu localisation and operational efficiency.

Under the franchise arrangement, Roark Capital owns the businesses and Unify Foodworks controls their pan-Indian master rights. That includes Moe's Casa Mexicana, Carvel and Moe's Southwest Grill. The arrangement separates brand ownership from the company's work building the India footprint.

The next test is whether Unify Foodworks can convert its NCR results into a repeatable model for markets beyond the region. The round supplies the capital for that work, but the more than 100-store target still rests on store economics, menu localisation, training and execution at the store level.