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.
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 Canada’s Tim Hortons, all of which are fuelling demand for cafes.
A consumer investment firm of Rakesh Kapoor, the former global chief executive officer of Reckitt Benckiser, has made its maiden investment in India a ..
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Following the funding, Subko s valuation has increased to $34 million. The startup said the newly raised capital will be utilised to strengthen the talent pool, develop tech-enabled customer experiences, conduct research and development for product design, among others.