London-based Thai restaurant group Rosa's Thai Cafe is to open three new sites in central London in 2016, after a £1.8m funding deal with Santander Corporate and Commercial bank.
The funding includes a £800,000 Growth Capital Loan, and paves the way for the restaurant opening a site in April in Victoria, potentially to be followed by sites in Shoreditch and Brixton.
Rosa's started life as a single market stall on Brick Lane, in the East End of London.
Owners Alex and Saiphin Moore had already sold a successful Thai restaurant in Hong Kong and relocated to the UK.
In 2008, they opened their first permanent UK restaurant in Spitalfields, and over the past five years have opened sites in Soho, Westfield Stratford, Carnaby St, Chelsea and Islington.
Alex Moore, owner and managing director, Rosa's Thai Cafe, said: "The success of Rosa's remains Saiphin's traditional cooking: we still offer many of her original dishes. 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."
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