Praveen Kumar Raises £400,k from the Investment Fund for Scotland (IFS)

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As Curry Club expands across the country, the funds will also help Praveen Kumar's sales and marketing department grow. The southern Indian couple Praveen and Swarna Kumar founded the frozen curry brand. It is available for purchase directly online and through a number of UK farm stores and merchants, such as Asda and House of Bruar. The investment was made through the Maven Capital Partners-managed equity finance vehicle of the British Business Bank.

Rob Stevenson, investment manager at Maven, said: “The business has achieved impressive growth to date, and Praveen is an entrepreneurial CEO with a wealth of experience in the restaurant and hospitality sector. With consumers increasingly turning to ready meals as a substitute for traditional takeaway options we’re delighted to back the company to drive the growth of its premium product and support Praveen and his team as the business scales.”

Praveen Kumar said: “The funding will help fuel our ongoing business growth via our online curry club and growing retail partners across the country, supporting our ongoing mission to make our authentic, healthy dishes available to everyone across the UK.”

Sarah Newbould, senior investment manager for the nations and regions funds at the British Business Bank, added: “Scotland is home to a burgeoning food and drink sector and it is great to see Praveen and Swarna’s growing brand now available in the frozen aisles in supermarkets across the country. The Investment Fund for Scotland was established to help entrepreneurs in all sectors access the funding they require to develop and thrive, whoever they are and wherever they are based.”

About Praveen Kumar

Praveen Kumar is a chef and entrepreneur who has won awards. His restaurant "Tabla" in Perth was the first Indian restaurant in Scotland to receive an AA One Rosette. He has won other honours, including "Chef of the Year" at the Asian Restaurant honours 2020. Following up on this success, Praveen opened his acclaimed Indian prepare School, where he teaches people how to prepare traditional Indian food to all skill levels.