PE-backed Coffee Day plans $78m India expansion
Coffee Day Group, a diversified Indian business backed by Standard Chartered Private Equity (SCPE), KKR and New Silk Route, plans to spend INR4 billion ($77.9 million) on expanding its operations this year. The firm has indicated it might then look at a fresh equity infusion.
V.G. Siddhartha, chairman and founder of Coffee Day, confirmed to Business Standard that real estate and logistics would be at the heart of the expansion. The company is best known for Café Coffee Day,...
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