L Catterton said to be in talks to acquire minority stake in Bengaluru-based Nandhana Palace

Founded in 2004 by Ravichandar Ramaswamy, Nandhana Palace is an Andhra-style restaurant chain with 27 outlets in Bengaluru and Chennai. Ramaswamy’s daughters later joined the business to create what the company describes as a brand of “delicious yet healthy food” that reflects the culture, environment and flavors of the kitchen.