Tpot Cafe, a Delhi based chai cafe company has said that they are looking to invest 1 million in the next 3 months to start 50 stores across Delhi NCR.
Robin Jha, Co-founder, Tpot Cafe, said, "We have just started the execution of our new outlet and we expect to hit number of 50 stores in next 3 months. We are looking to invest 1 million dollar. The idea is to create good team before we start opening more stores. Secondly, we will invest lot of money in processes and product too."
Tpot Cafe currently runs 25 outlets in Delhi / NCR and it has monthly revenue of around Rs 50 lakh.
The Cafe brand said they see a lot of opportunities in the chai cafe market.
Jha said, "If you see CCD which is into coffee retailing, has around 3000- 4000 outlets in India. And tea is 8 times bigger market than coffee, even if we are able to capture the stores that CCD alone has in India, we have an opportunity of at least 5000 stores in India and I am sure that top 3 to 4 players in this space will have almost 80-85 percent of those stores.
So there are possibilities of at least 500 stores in India for us (Tpot) in next 2-3 year by 2020. And that what’s our focus is to raise money for the expansion and to build the team that will help us in operations."
Resource: http://news.franchiseindia.com
Resource: http://grandiose.org.in/
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