Rosa’s Thai Café set for London expansion with £1.8m investment
Funding deal from Santander will enable Thai food restaurant chain to open new sites in Shoreditch, Brixton and Victoria
London-headquartered restaurant chain Rosa’s Thai Café has announced the completion of a £1.8m funding deal with Santander Corporate & Commercial.
Founded by husband-and-wife duo Alex and Saiphin Moore, Rosa’s began as single Brick Lane market stall in 2006 and expanded to a permanent site in Spitalfields in 2008. Over the last five years, the Moore’s have opened additional sites in Soho, Westfield Stratford, Carnaby St and Chelsea and Islington.
The funding, which includes an £800,000 growth capital loan, will facilitate the launch of three new Central London sites in Victoria, Shoredtich and Brixton which the company estimates will create 100 jobs over the next two years.
Alex Moore commented: “We’re really pleased to have partnered with Santander’s Growth Capital team to help us accelerate the growth of our business without the need to dilute ourselves or our existing shareholders. This is a great opportunity for us to take Rosa’s to its next level.”
Lee Alderson, director of growth capital at Santander Corporate & Commercial, added:
“The aspiration of the management team is to accelerate the rollout of this authentic Thai food concept. We look forward to working with the management team in this next exciting phase.”