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In Singapore, the first KFC franchise was opened in 1977 along Somerset Road.In 1993, KFC Singapore was the first KFC in Asia to develop and launch the Zinger burger.Now KFC is the third largest fast food chain restaurant with 137 stores as of 2017.
Sanders identified the potential of the restaurant franchising concept, and the first "Kentucky Fried Chicken" franchise opened in Utah in 1952.
The other investors are CX Partners, Goldman Sachs Group Inc.
and a fourth fund, said a top executive at the local arm of the American food company.
The business was refranchised in October 2015 after Yum concluded a year-and-a-half-long exercise to reorganize its business under larger, well-capitalized franchisees.
In this regard, about a third of its outlets, operated by several of its franchisees, have been sold to a newly formed entity—Sapphire Foods India Pvt. The new entity is owned by a consortium of four private equity funds, led by Samara Capital.