Mowgli, the Indian home and street kitchen operator, backed by Foresight Group since July 2017, has won a prestigious regional business award.
The company, founded in Liverpool in 2014 by barrister, food writer and TV personality Nisha Katona, was named Medium-Sized Business of the Year at 2018 North West Business Masters Awards at the Midland Hotel in Manchester.
More than 300 people attended the awards run by the regional news provider TheBusinessDesk.com.
Mowgli, which specialises in fresh, healthy authentic Indian food, currently operates two sites in Liverpool and one in Manchester, Birmingham and Oxford. A second Manchester eatery, at University Green, Oxford Road, Manchester is in fit-out.
Alex Turner, joint managing director of TheBusinessDesk.com, who chaired the independent judging panel said: “Mowgli is a true North West success story and Nisha and her team deserve all the plaudits for creating a fast growing, vibrant brand which is performing incredibly well in a highly-competitive market place.
“Nisha is a passionate entrepreneur and with the support of her private equity partner Foresight, Mowgli is in the midst of nationwide rollout, which is great to see.”
Nisha Katona said: “We are absolutely thrilled to win this award, it’s has been a true team effort, and to win an award as a medium-sized company feels like a real coming-of-age moment for Mowgli.”
Claire Alvarez, senior investment manager at Foresight in Manchester, and a non-executive director at Mowgli Street Food, said: “We are really proud and delighted for Mowgli. We are so pleased to be working with Nisha supporting her ambitions to expand Mowgli beyond the North West.
“The performance of the business as we scale-up continues to be really strong.”
Since investing in Mowgli, Foresight, has brought on board experienced leisure sector executive Karen Jones as Chair and Matthew Peck, former head of finance at upmarket casual dining chain Byron as Finance Director.
About Foresight Group LLP ("Foresight”):
Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.
Foresight has £2.8 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs), Venture Capital Trusts (VCTs) and Inheritance Tax Solutions using Business Property Relief (BPR).
Foresight’s Private Equity team, comprising 22 investment professionals, invests between £100k and £5m in management buy-outs, management buy-ins and growth capital investments in UK SMEs.
Foresight is an appointed equity fund manager for the Midlands Engine Investment Fund (MEIF), as the British Business Bank launched £100 million of equity funding for the region, as part of the wider £250 million Midlands Engine programme. Foresight will make equity investments of between c.£100k and £2m in growing small and medium sized businesses across the East and South-East Midlands.
Foresight is headquartered in London with regional UK offices in Manchester, Nottingham, Milton Keynes, Leicester and Guernsey and international offices in Sydney, Rome, Seoul and San Francisco.