ICICI Venture, India’s leading private equity fund, is set to pick up equity in Ravi Jaipuria-promoted Devyani International Ltd, which controls a chain of 180 fast-food restaurants across the country. The fund will invest Rs 135 crore in the company. According to sources close to the deal, Devyani International Ltd, which has rapidly grown, especially over the last five years, has attracted ICICI Venture, which aims to capitalise on this lowly-penetrated and organised fast-food service restaurant segment, keeping in mind increasing urbanisation and changing social and family patterns.