Grid Logic Hotels to open 8 fine dine restaurants in Hyderabad

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Grid Logic Hotels and Resorts, part of Grid Logic group with interests in software, has forged franchise alliance with Tabla brand of fine dine restaurants, to open 10 restaurants in Bengaluru and Hyderabad, involving at least Rs 30 crore, said a top executive.

While two restaurants already are up and running in Hyderabad, Grid Logic is preparing to open 8 more restaurants by March next year.
Grid Logic Hotels is looking to raise $5 million from high net worth individuals (HNIs) for the upcoming restaurants and is in talks with some investors, apart from pumping in a part of funds from the promoters.

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