 Mumbai: Caf‚ Coffee Day is planning to foray into 8 to 10 cities by opening 200 more cafes with an investment of about Rs 150 crore thus taking the total number from 800 to 1,000 by the end of this fiscal.
At present, the coffee chain major has a presence in 130 cities and intends to increase this to around 8-10 major towns including Gangtok and Dhanbad. The funds are raised from internal accruals. However, the company is also talking to private equity and venture capitalists as it intends to chalk entry plans to South East Asia, part of West Asia and Middle East. Its current international foot print is through five cafes at Vienna.
Alok Gupta, director, Caf‚ Coffee Day said, "We are exploring every path and it is too early to discuss. These are interesting times and we are in dialogue with several players to take our organic and inorganic plans forward." In addition plans are in progress to scale up its lounge format from the 14 to 100 outlets. Its lone new format and flagship outlet Coffee Day Square in Bangalore is being replicated at Delhi, Mumbai and Kolkata.
Caf‚ Coffee Day is a division of India's largest coffee conglomerate, Amalgamated Bean Coffee Trading Company Ltd. It sources coffee from 7,500 acres of own estates in addition to another 2,500 acres of managed estates apart from 11,000 small growers. It is one of India's leading coffee exporters with clients across USA, Europe & Japan.
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