The pandemic hit seems to be in the past for Delhi-based Blue Tokai, which opened 21 cafes this year and claims to have roasted and sold 1,000 tons of coffee till now. The coffee startup is projecting 2x growth in revenue in FY22.
Get French Press Coffee Online in India, french press viewngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from viewngr.com Daily Mail and Mail on Sunday newspapers.
In addition to new-age specialty coffee chains such as Blue Tokai, Third Wave and Slay, there are legacy brands such as Tata Starbucks, Costa Coffee and Barista, as well as relatively newer global entrants to India like British chain Pret a Manger and Canadas Tim Hortons, all of which are fuelling demand for cafes.
The investment by 12 Flags comes at a time when cafe chains in India are growing faster than quick service restaurants (QSRs), fuelled by younger set of consumers, aspirational demand, and menu innovation. In addition to new-age speciality coffee chains such as Blue Tokai, Third Wave and Slay, there are legacy brands such as Tata Starbucks, Costa Coffee and Barista, as well as relatively newer global entrants to India like British chain Pret a Manger and Canada s Tim Hortons, all of which are fuelling demand for cafes.
Personal Data Protection Bill may face legal challenge; crypto exchanges eye targeted ads Happy Friday! Big Tech firms are up in arms against some provisions of the Personal Data Protection Bill. The biggest bone of contention has been the proposal to classify social media platforms as publishers. Companies are mulling legal action if lawmakers accept
8i Ventures aims to raise larger second fund at $50 million : Tech News rashtranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rashtranews.com Daily Mail and Mail on Sunday newspapers.
Happy Monday! Homegrown investment fund A91 Partners is once again upping the size of its latest India-dedicated fund, per sources in the know. Details of this and more in todays super packed ETtech Morning Dispatch.
A91 Partners, launched in 2018, debuted with a $350 million maiden fund. Just three years later, they scaled up significantly, securing $550 million for their second fund, targeting both late-stage venture and early-growth investments. This will be among the fastest scale-ups in terms of fund size for a domestic investment fund.