Topgolf Entertainment Group Acquisition, Valuation, Funding & Investors

Naixuecha is a Shenzhen-headquartered new-style tea chain founded in 2015 under Shenzhen Goods Road Restaurant Management. The brand serves fresh tea drinks paired with soft European breads, targeting urban women aged 20-35, with tea bases refreshed every four hours. By 2023, it operates more than 1,500 directly managed stores across over 100 Chinese cities and Southeast Asia. Naixuecha reached unicorn status in 2018 at a 6 billion yuan valuation and listed on the Hong Kong Stock Exchange in June 2021.

Gousto is a London-headquartered meal kit delivery service providing recipe boxes with pre-portioned ingredients and chef-developed instructions for British households. Offering over 100 weekly options from Thai curries to Italian risottos using seasonal produce, it delivers chilled nationwide since 2012. The service accommodates dietary needs like vegetarian and gluten-free with flexible subscriptions.

Rebel Foods is a Pune-headquartered cloud kitchen operator managing over 450 brands in India and Southeast Asia. Founded in 2011, it delivers through popular labels like Faasos, Behrouz Biryani, and Mandarin Oak for diverse cuisines including North Indian, biryani, and Asian fusion. The company runs 450+ kitchens in 45 cities, processing 1.5 million orders monthly via partnerships with Zomato, Swiggy, and DoorDash. Its technology platform optimizes supply chains, menu development, and last-mile delivery efficiency.

Kopi Kenangan is a coffee chain in Indonesia specializing in grab-and-go grounded coffee beverages. Operating numerous outlets in major cities like Jakarta, the company addresses the growing demand for specialty coffee in a nation that ranks as the world's fourth-largest coffee exporter yet has low per capita consumption compared to regional peers.

Country Delight is a direct-to-consumer dairy delivery service operating in major Indian cities like Delhi, Gurugram, and Bengaluru. It sources milk from over 6,000 partner farms, processes it at facilities in Sonipat and Manesar, and delivers fresh products including toned milk, paneer, yogurt, and ghee via a mobile app. Launched in 2017, the Gurgaon-headquartered company ensures chemical-free supply through farm-to-doorstep logistics with daily subscriptions.

HeyTea is a Guangdong province-headquartered tea beverage chain renowned for cheese foam-topped teas and fresh fruit infusions like mango pomelo and strawberry cheese. Founded in 2012 in Kaiping as RoyalTea before rebranding, it operates outlets in over 300 Chinese cities and international locations in Los Angeles, London, and Sydney. The menu emphasizes low-sugar recipes using Southeast Asian fruits and has earned accolades from Time magazine as a top global chain.

Thai President Foods PCL is a Thailand-based manufacturer and distributor of instant noodles, semi-instant foods, and biscuit products. Some of its brands include Mama, Ruski, Bissin, Thai Chef, and Bamee. It operates in six segments: Instant noodles and semi-instant foods, Biscuits, Bakery, Packaging, Fruit Juice, and Others, of which a majority of the revenue is derived from the Instant noodles segment. Geographically, the company generates the majority of its revenue from the domestic market.

Olipop is a Los Angeles-based beverage company producing prebiotic sodas with 9 grams of plant fiber per can across 17 flavors like Vintage Cola and Peaches & Cream. Distributed in over 25,000 US stores including Whole Foods and Target, its drinks feature botanicals and low sugar for gut health. Founded in 2017, Olipop uses chicory root and cassava fibers clinically shown to support microbiome balance.

SSP Group PLC operates food and beverage units in travel locations such as airports and railway stations. Units range from coffee shops and sandwich bars to casual and fine-dining restaurants. Its units operate under more than 300 different brand names, including both proprietary brands and franchised brands, such as Starbucks and Burger King. Its segments include the UK and Ireland, Continental Europe, North America, and Asia Pacific and Eastern Europe & Middle East (APAC & EEME).

PT Mayora Indah Tbk makes biscuits, candy, wafers, chocolate, coffee, instant food, cereal, and beverages. The brands of the company include Kopiko, Roma, Energen, Torabika, and Beng Beng. The Company has two operating segments, namely the packaged processed food segment and the packaged processed beverage segment. The Firm generates the majority of its revenue from packaged food processing. Geographical segments of the company include Indonesia, Asia, and others. Food processing, coffee powder processing, instant coffee production, and coffee bean processing are all located in Jabodetabek.

Devyani International Ltd is a franchisee of Yum Brands in India and is among the largest operators of a quick-service restaurant chain (QSR chain), operating around 1,243 stores across 155 cities in India. Companies products includes PizzaHut, KFC, Costa Coffee, Vaang.o, The Food Street, and more. Geographically, operates domestically and internationally, with the majority of revenue from India.

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs' electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao, with the rest from overseas as of 2025.

Guzman y Gomez is a Mexican-inspired quick-service restaurant operator and franchisor. Most stores are in Australia. Underpinning the company’s growth outlook is an ambitious plan to reach a network of more than 1000 Australian stores over the next 20-plus years. At the end of fiscal 2026, its footprint stood at a around 250. Guzman also has a presence in Singapore and Japan through master franchise agreements.

Bell Food Group Ltd is a food processor that provides meat, charcuterie, poultry, and convenience products. Bell operates in five divisions: Bell Switzerland, supplying retailers, wholesalers, food service, and food processing; Bell international, operating in Germany, Austria, France, Poland, and other European countries; and Eisberg, Hilcona, Hugli, Hubers/Sutag. Bell Switzerland represents maximum of the company's income.

China ZhongDi Dairy is a Hong Kong-listed company operating in import trading and dairy farming segments. Its import trading division handles cows, feeds, and agency services for international suppliers. The dairy farming unit breeds dairy cows, produces raw milk, and sells reproduced heifers. Headquartered in China, it supplies milk products to domestic markets through integrated production and trading operations.

Saudia Dairy and Foodstuff Co is engaged in the production and distribution of dairy products, beverages, and various foodstuffs in the Kingdom of Saudi Arabia, Poland, and certain other Gulf and Arab countries. The company operates in two segments: Drinks, which include milk and juice products; and Non- drinks, which include ice creams, tomato paste, cheese and snacks.

Monde Nissin Corp is engaged in the food manufacturing industry in the Philippines. Its portfolio comprises the Asia-Pacific Branded Food and Beverage (APAC BFB) Business and the Meat Alternative Business. The APAC BFB Business consists of three product groups: instant noodles, biscuits, and other products (such as beverages, baked goods, and culinary aids). Its Meat Alternative Business sells its products globally under Quorn Foods and the Quorn brand. The company is engaged in manufacturing, processing, baking, packaging, servicing, repacking, assembling, importing, exporting, buying, selling, trading, or otherwise dealing in all kinds of goods, wares, and merchandise.

Nestle Nigeria PLC is a food and beverage company. It is involved in the business of manufacturing, marketing, and distribution of food products. The firm has categorized its products into Baby foods, Coffee, Culinary, Dairy, Drinks, and Recipes. It develops and markets its products under brands such as Cerelac, Nescafe, Nido, Maggi, Milo, etc. The company has Food and Beverage reportable segments. The food segment engaged in the production and sale of Maggi, Cerelac, SMA, Nan, Lactogen, and Golden Morn. The beverages segment consists of the production and sale of Milo, Chocomilo, Nido, Nescafe, Milo ready-to-drink, and Nestle Pure Life. The food segment generates the majority of the revenue. The majority of the revenue is generated from Nigeria.