Oven Fresh

Chennai based Ubiquitous Foods, best known for its bakery retail chain, Oven Fresh, has raised its first institutional round from Kalaari Capital. The size of the investment is unknown and Rajesh Raju from Kalaari Capital is on their board. The company was founded in 2008 and had bootstrapped until now. There are 10 Oven Fresh outlets in Chennai -- "The idea was to create a home-grown Indian QSR chain. We chose bakery foods as opposed to regional foods because it is common across geographies and the consumption story so far has been good," said Rajiv Subramanian, founder, Ubiquitous Foods. With this investment, the company is looking to expand its operations to Bangalore. Its first outlet will be launched in ITPL, White Field, Bangalore. Rajiv said, "We will be opening our first outlet in Bangalore by July. Apart from this, we are opening a commissary in Bangalore as well. This is because the foods are baked in the shops itself; each of our outlets have an oven. "