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Austin-based Torchy's Tacos lands $400M for national growth plan.

Could Torchy's Tacos be the next Chipotle?
That's what a group of investors is betting as it pumps a whopping $400 million into the restaurant chain that started as a food truck in South Austin.
Under the deal, Torchy's sold a stake to an investor group led by global private equity firm General Atlantic, which initially invested in 2017. It was joined in the ownership group by D1 Capital Partners, T. Rowe Price, Lone Pine Capital and XN. Torchy’s Founder Mike Rypka and all members of the original ownership group will reinvest as individuals, according to the company.
With the cash infusion, the chain known for its "damn good tacos" will kick off an aggressive national expansion.

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