Increased competition, a growing conservatism among investors and the absence of many exit options are behind the slowdown
Impresario Entertainment and Hospitality Pvt. Ltd, which runs the popular Smoke House Deli restaurants and the Social chain of bars and cafes, is no longer looking to raise funds. Around 18 months ago, the firm appointed Avendus Capital to raise ₹ 120 crore. It has now opted for a ₹ 50 crore bank loan and will try to fund its expansion through debt and its own funds.