A chain of Thai restaurants that has opened several sites in London is poised to expand further this year after attracting external investment.
Rosa’s Thai Cafe is set to grow its portfolio of restaurants with the opening of three new sites across central London. The expansion follows a £1.8m funding deal with Santander Corporate & Commercial.
Established in the UK in 2006, Rosa’s began 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.
Saiphin, originally from Thailand, sold traditional dishes at the market stall and, off the back of strong demand, soon opened a second. In 2008, they opened their first permanent restaurant in Spitalfields, offering a highly authentic Thai dining experience, and over the past five years have opened sites in Soho, Westfield Stratford, Carnaby St, Chelsea and Islington.
The funding from Santander Corporate & Commercial, which includes a £800,000 Growth Capital Loan, will now enable the opening of a further three sites across central London, beginning in April in Victoria, then potentially Shoreditch and Brixton. The opening of these new sites will create 100 jobs over the next two years.
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.”
Rosa’s prides itself in serving punchy Thai food with ingredients sourced as locally as possible. Its menu includes mighty venison, soft-shell crab and seasonal curries.