Dunkin' Donuts brings its coffee into India

Massachusetts-based Dunkin' Donuts has been owned by Bain Capital, The Carlyle Group and Thomas H. Lee Partners since December 2005, purchased from Pernod Ricard SA for $2.4 billion in cash. Jubilant, meanwhile, manages the Domino's Pizza chain in India, and was also private equity backed until a year ago, when JP Morgan and the JV between Chase Capital Partners and Oppenhiemer, India Private Equity Fund, exited their 31% stake in Jubilant, reportedly earning 5x return on the long-term investment, local media noted at the time. 2010 also marked the year Jubilant launched on the Bombay Stock Exchange.

According to India's Economic Times, which first reported the news, Dunkin' Donuts will look to make waves in the mass-coffee sector, targeting more casual consumers than rival Starbucks, which carries higher-end brand appeal. Later reports suggested the franchise would open 30 stores in the next three years.

Dunkin' Donuts claims more than 2,600 stores in 30 countries, with a presence in Asian markets including China, Malaysia and Singapore. The company's site adds that Dunkin's has a notable following in South Korea and the Philippines.

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• Topics
• Consumer
• South Asia
• Bain Capital Asia
• The Carlyle Group