Starbucks, the world s largest coffee retailer operating in India through Tata Consumer Products, is strategically shifting its focus towards rapid expansion and enhanced affordability. In a market where at least half-a-dozen new players are intensifying competition in the coffee cafe chain segment, Sunil D Souza, Managing Director of Tata Consumer Products, sheds light on Starbucks approach to navigate the dynamic landscape.
Third Wave Coffee Roasters was founded by Sushant Goel, Ayush Bathwal and Anirudh Sharma in 2016. The brand has multiple outlets in cities such as Delhi, Pune, Mumbai, Chandigarh, Bengaluru, Gurugram, Hyderabad, Noida, among others.
Abcoffee currently has 10 outlets in Mumbai and Delhi, and plans to inaugurate two more in Mumbai by the end of this month. Anand emphasised that the company s goal is to establish 100 outlets within the next 12 months.
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Bluestone is only the latest in the list of investments by Pai and Kamath, but this marks the growing pace at which they are signing new cheques at a time mid-to-large scale startups are finding it hard to score new funding.