Cafe Coffee Day introduces 'Coffee Day Square' in Bandra
Cafe Coffee Day introduces 'Coffee Day Square' in Bandra

Café Coffee Day, a popular cafe brand, has opened its flagship concept, Coffee Day Square, at Bandra's Carter Road. This newly launched outlet aims to provide a premium, specially curated menu focusing on the culinary evolution of the people of the city. 

The outlet is spread across 3000 sq feet. It can host around 140 guests at a time in its refined and cozy indoor and outdoor seating arrangements, offering a serene view of the sea. Coffee Day Square offers a selection of food and beverages, including handpicked coffee selections and a range of flavourful Indian, international and fusion delicacies.

Venu Madhav, CEO of Café Coffee Day, said, “Mumbai is one of the quintessential cosmopolitan cities of the world. It is a hotspot for haute, innovative and unique gastronomical experiences. The people are well travelled, open to new experiences and are continuously evolving in their culinary tastes. We conceptualized The Coffee Day Square to give evolved diners an elevated global dining experience that complements their appreciation for the finer things in life.”

“With the Square, we bring the best and globally trending ingredients and cooking techniques to our patrons. We are thrilled to introduce our expertly crafted culinary creations and alternate coffee brewing techniques to the people of the city. This will not only delight our guests but take forward the culinary evolution of Mumbai and their coffee drinking experiences to the next level. We want our customers to come in and feel inspired,” he added.

 
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Coffee Day's 2022-23 Revenues Soar 59%, Debt Plummets
Coffee Day's 2022-23 Revenues Soar 59%, Debt Plummets
 

 Coffee Day Enterprises (CDEL) announced a significant 59% increase in its net revenues for the fiscal year ending on March 31, 2023.

This marks a notable upturn from the previous fiscal year when the company reported revenues of Rs 582 crore.                  

In the fiscal year 2022-23, the company's integrated coffee division contributed Rs 869 crore to its total revenue.

The coffee segment accounted for 94% of the company's net income, while the hospitality sector contributed 5%, with the remaining 1% coming from other operations.

During the annual general meeting (AGM) held in Bengaluru on Friday, Company Chairman SV Ranganath provided insights into the company's revenue, sales, debt status, and other pertinent information.

The publicly traded organization, established by the late VG Siddhartha, operates cafes, vending machines, and the hospitality sector under the Serai brand name.

During the fiscal year ending on March 31, 2023, the average daily sales per café experienced a substantial 42% rise, reaching Rs 20,622.

Additionally, the same store sales growth (SSSG) surged by 50.59% within the same timeframe. Chairman Ranganath also mentioned that the cafe network underwent further streamlining, with a total of 469 outlets now operating in 154 cities.

In the past year, the number of functioning vending machines grew by 26%, and the average daily revenue per machine saw a remarkable increase of 65.80%, reaching Rs 431.

As of March 31 of this year, the total count of operational vending machines stood at 48,788.

As of March 31 this year, Coffee Day Enterprises' (CDEL) net debt decreased to Rs 1,524 crore, which is a decline from the Rs 1,694 crore reported a year earlier.

The company's debt structure consisted of long-term borrowings amounting to Rs 1,297 crore and short-term borrowings of Rs 303 crore as of March 31 this year.

 

 

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CCD Averts Bankruptcy through Debt Settlement
CCD Averts Bankruptcy through Debt Settlement
 

Coffee Day Enterprises is considering the commencement of negotiations for a settlement with IDBI Trusteeship.

The latter has initiated bankruptcy proceedings against the struggling coffee chain to recoup outstanding payments owed to bondholders.

In a regulatory disclosure submitted to the stock exchange on September 8, Coffee Day reported that IDBI Trusteeship had initiated legal action against the company to reclaim Rs 228 crore in dues.

Subsequently, on the following Monday, the company's stock experienced a significant decline of 14.6%, trading at Rs 45 per share, in response to the news of the bankruptcy proceedings.

The stock had witnessed a surge in recent months, primarily driven by the heightened efforts of Malavika Hegde, the widow of Coffee Day's founder, Siddhartha, to revive the company.

According to information from banking insiders, Ares SSG acquired Coffee Day bonds at a reduced price through its special situation fund.

The asset reconstruction firm commenced bankruptcy proceedings via IDBI Trusteeship due to non-receipt of payment.

Lenders anticipate that the company will likely propose a settlement, as they recall a previous instance in February when Phoenix ARC had initiated insolvency proceedings but withdrew them when the company engaged in settlement negotiations.

Coffee Day subsequently forged a restructuring agreement with Phoenix ARC on April 27. The National Company Law Tribunal (NCLT) granted permission for the withdrawal of the petition on June 19, with the provision that Phoenix ARC retains the option to submit a new company petition in accordance with the law if the restructuring agreement does not succeed.

In the preceding month, the National Company Law Appellate Tribunal halted a corporate insolvency case against Coffee Day Global, a subsidiary of Coffee Day Enterprises, which was pending in NCLT Bengaluru.

The company lodged an appeal against the bankruptcy proceedings initiated by financial creditors, citing that the claims were related to a period during which the government had declared a loan repayment moratorium in response to the pandemic.

 

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NCLAT to Rule on NCLT's Insolvency Order for Coffee Day Global
NCLAT to Rule on NCLT's Insolvency Order for Coffee Day Global
 

An appeal has been lodged with the National Company Law Appellate Tribunal (NCLAT) contesting the NCLT's decision to commence insolvency proceedings against Coffee Day Global Ltd. (CDGL), the company that owns and manages the renowned Cafe Coffee Day chain.

Malavika Hegde, the Director of CDGL who is currently under suspension, has appealed to the Chennai bench of NCLAT opposing the NCLT's order to commence the Corporate Insolvency Resolution Process (CIRP) against Coffee Day Global.

On Friday, the application requesting a stay on the NCLT order was scheduled for a hearing before an NCLAT bench consisting of Justice Rakesh Kumar Jain and Shreesha Merla.

On July 20, the Bengaluru bench of the NCLT issued a ruling regarding a petition submitted by IndusInd Bank, a financial creditor of the company, seeking payment of Rs 94 crore in dues.

Following the suspension of the board, the NCLT appointed Shailendra Ajmera as the interim resolution professional.

Malavika Hegde, who serves as a director on the suspended board of CDGL and is the wife of late VG Siddhartha, has contested the order.

During the fiscal year 2022-23, CDGL recorded a consolidated total income of 920.41 crore, while reporting a loss of 67.77 crore for the same period.

According to Coffee Day Enterprises Ltd's annual report for FY22, CDGL possesses 495 cafes operating in 158 cities and 285 CCD Value Express kiosks.

Additionally, the brand has 38,810 vending machines providing coffee services in corporate workplaces and hotels.

Coffee Day Enterprises has faced difficulties since the passing of its founder Chairman V. G. Siddhartha in July 2019.

To address its financial challenges, the company has been reducing its debts through asset resolutions and has considerably downsized its operations since the onset of these troubles.

 

 

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Sebi fines Mysore Amalgamated Coffee Rs 1 crore in Coffee Day Enterprises fund diversion case
Sebi fines Mysore Amalgamated Coffee Rs 1 crore in Coffee Day Enterprises fund diversion case
 

On Monday, Sebi, the regulatory body for capital markets, imposed a fine of Rs 1 crore on Mysore Amalgamated Coffee Estates for their involvement in aiding and abetting Coffee Day Enterprises in the diversion of funds worth Rs 3,535 crore.

Sebi has ordered Mysore Amalgamated Coffee Estates to pay the fine of Rs 1 crore within 45 days. This directive was included in an order issued by Sebi on the matter.

According to Sebi's order, both Mysore Amalgamated Coffee Estates Ltd (MACEL) and Coffee Day Enterprises Ltd (CDEL) are controlled by the same group of individuals, which includes Late VG Siddhartha and his family members.

Sebi has stated that MACEL, which was a pass-through entity, aided and abetted Siddhartha in diverting funds worth Rs 3,535 crore from CDEL's subsidiaries to MACEL and then to entities controlled by Siddhartha and his relatives. Sebi has found this to be a violation of the SEBI Act and the PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) Regulations.

Sebi has noted that the diversion of funds was never disclosed to the investors until the death of VG Siddhartha. As a result, Sebi has imposed a fine of Rs 1 crore on Mysore Amalgamated Coffee Estates Ltd (MACEL), which was referred to as "Noticee 1" in the order.

In July 2019, VG Siddhartha, who was the Chairman of the Coffee Day Group, allegedly committed suicide.

He reportedly left a suicide note addressed to the board of directors and Coffee Day family, in which he disclosed that he was heavily in debt. Following Siddhartha's death, the board of directors of Coffee Day Enterprises Ltd (CDEL) appointed Ashok Kumar Malhotra, a retired DIG of the Central Bureau of Investigation, and Agastya Legal LLP in September 2019 to conduct an investigation into the company's financial statements and its subsidiaries.

Sebi had launched its own investigation to determine if there was a violation of regulatory norms due to funds being diverted to related entities from April 2018 to March 2020.

 In January, Sebi imposed a penalty of Rs 26 crore on Coffee Day Enterprises, the parent company of Cafe Coffee Day, for diverting funds from its subsidiaries to a firm connected to its promoters.

 

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SEBI Fines Coffee Day Enterprises for Rs 26 cr
SEBI Fines Coffee Day Enterprises for Rs 26 cr
 

The capital markets regulator Sebi fined Coffee Day Enterprises which owns Cafe Coffee Day, Rs 26 crore on Tuesday for diverting money from subsidiaries to a business connected to the owners.

The Securities and Exchange Board of India (Sebi) issued an order directing the corporation to pay the fine within 45 days.

Additionally, Coffee Day Enterprises Ltd has been instructed by Sebi to take all necessary actions to recover the full amount owed to Mysore Amalgamated Coffee Estates Ltd (MACEL) and its affiliated organisations, as well as the interest that is owed to the subsidiaries.

Further, the business must choose an impartial law firm in consultation with the NSE to take efficient action to recover the unpaid debts.

According to its 43-page judgement, Sebi discovered the misappropriation of monies of Rs 3,535 crore from 7 subsidiaries of Coffee Day Enterprises Ltd (CDEL) to Mysore Amalgamated Coffee Estates Ltd, a company connected to CDEL's owners.

Coffee Day Global, Tanglin Retail Reality Developments, Giri Vidhyuth (India) Ltd, Coffee Day Hotels and Resorts, Coffee Day Trading, and Coffee Day Econ are the seven subsidiaries.

The funds that were moved from the seven subsidiaries to MACEL ended up in the personal accounts of VGS (VG Siddhartha), his family, and other businesses, according to Sebi.

VG Siddhartha, the chairman of the Coffee Day Group, committed suicide in July 2019. According to reports, he wrote a suicide letter for the board of directors and the Coffee Day family in which he confessed to being in serious debt.

As per the court's order, the VGS family owns 91.75 percent of MACEL. Additionally, CDEL is supported by VGS' family.

The regulator highlighted that the subsidiaries have only been able to recover a pitiful amount of Rs 110.75 crore to September 30, 2022, out of the total dues of Rs 3,535 crore as of July 31, 2019.

In light of the diversion, Sebi levied fines of Rs 25 crore for violations of unfair and deceptive business practises and Rs 1 crore for violations of the LODR (Listing Obligations and Disclosure Requirements) regulations.

Despite not being named parties to the current proceedings, the directors and key management staff (past and present) of CDEL and its subsidiaries must be thoroughly investigated, according to Sebi.

The board of CDEL hired Ashok Kumar Malhotra, a retired DIG of the Central Bureau of Investigation, and Agastya Legal LLP in September 2019 to look into the company's books of finances and its subsidiaries after Siddhartha passed away.

In order to determine whether funds were moved to affiliated firms, which may have resulted in a probable violation of regulatory standards, Sebi has also launched an independent investigation into the subject.

 

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Coffee Day defaults Rs 480 crore on loan repayment, securities
Coffee Day defaults Rs 480 crore on loan repayment, securities
 

Coffee Day Enterprises Ltd today said it has defaulted a total of Rs 479.68 crore on repayment of loans and unlisted debt securities in the quarter ended March 31, 2022.

In a regulatory filing, the company said it has defaulted Rs 224.88 crore on repayment of loans or revolving facilities like cash credit from banks and financial institutions, along with default in interest amount for the same at Rs 5.78 crore.

Also, there has been a default of Rs 200 crore on payments of unlisted debt securities, non-convertible debentures and non-convertible redeemable preference shares, Coffee Day Enterprises said, reported PTI.

The default on the payment of interest of the debt securities was Rs 49.02 crore in the quarter, it added.

Coffee Day Enterprises had reported a consolidated net profit of Rs 18.80 crore for the third quarter ended on December 31, 2021. It had posted a net loss of Rs 110.41 crore in the corresponding period of the preceding fiscal.

 

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Now order your favourite pizza from Domino's, a cup of coffee at CCD by using Bitcoins
Now order your favourite pizza from Domino's, a cup of coffee at CCD by using Bitcoins
 

Bengaluru-based cryptocurrency trading platform Unocoin is now providing its users to buy vouchers from over 90 different brands by using Bitcoins.

Some of the top brands that this platform has tied up is Dominos, CCD, Baskin & Robbins to name a few.

Started in 2013, Unocoin was India’s first and most popular bitcoin trading site. As per statement, a registered user of Unocoin can use bitcoin worth as little as INR 100 and as much as INR 5000 to avail of these vouchers.

“Bitcoin as a barter asset is being accepted & traded by millions of users worldwide through this initiative we would like to educate the Indian audience about the multi-dimensional use of the cryptocurrency,” shared Sathvik Vishwanath, Co-Founder & CEO Unocoin by adding that while there are tens of thousands of physical outlets and e-commerce portals accepting bitcoin as a mode of payment in the countries like the US, India doesn’t have such acceptability yet.

“Our offering answers the popular question of where someone can spend bitcoin in India,” he pointed.

KYC verified users of Unocoin who have bitcoin in their wallets are eligible to participate in this offering. They need to login to their account and go to the BTC page. There, among the multiple options available, the user needs to click on Shop. If a user is functioning from the Unocoin app, then the Shop button can be found on the dashboard and in the More section. Here the user can shop from 90+ brands ranging from restaurants, lifestyle, accessory and clothing to name a few.

After selecting the desired brand, a dropdown menu will come from multiple INR denominations to buy vouchers. Once the user selects the amount the corresponding value of BTC will also be showcased to him and after paying the amount the voucher code is received by the user.

These vouchers can even make a fantastic gift to a loved one. All they have to do is to have to pass on the E-voucher information electronically or through printing it out and handing over the copy of the voucher.

 

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CCD removes a lot of vending machines from customer locations
CCD removes a lot of vending machines from customer locations
 

Coffee Day Global Ltd, that runs coffee chain Cafe Coffee Day (CCD), removed about 30,000 custom-made cabinets used for vending machines at its customers' places.

According to a regulatory filing by Coffee Day Global Ltd (CDGL) parent firm Coffee Day Enterprises Ltd on Wednesday, a lot of vending machines installed by the company has been withdrawn from customers' locations in view of the pandemic situation, reported PTI.

It reported a consolidated net loss of Rs 306.54 crore for the Financial year ended on March 31, 2021 and its revenue from operation was down 73.4 per cent Rs 400.81 crore.

For the January-March quarter, the company reported widening of its net loss to Rs 94.81 crore and its revenue from operation was 61.4 per cent down to Rs 141.04 crore.

According to CDGL, in the earlier year, to attract new customers, vending division of the company use to install certain custom-made cabinets at customers' locations.

Custom-built cabinets are fixtures and cannot be removed and do not have any salvage value.

"In this situation, 29,996 cabinets are discarded and the balance written down value aggregating to Rs 79.78 crore is fully depreciated during the year," it said added the PTI report.

Moreover, one of its lenders has also approached the insolvency tribunal NCLT for recovery of its dues.

"However, the application is yet to be admitted by the NCLT. Another lender has initiated legal action for recovery of the dues," it said.

The company has outstanding dues of Rs 47.52 crore due from Sical Logistics, a parent group firm, which is facing insolvency proceedings before the National Company Law Tribunal (NCLT).

Coffee Day Global is an unlisted company but has "voluntarily" prepared the financial results, using the format prescribed by the listing regulations, pursuant to the listing of shares of its parent group Coffee Day Enterprises Ltd.

It has also obtained information that the company has been categorised as "fraud" by Lakshmi Vilas Bank, now Dena Bank India Ltd.

 

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Coffee Day Enterprises posts net loss of Rs 97 cr in third quarter
Coffee Day Enterprises posts net loss of Rs 97 cr in third quarter
 

Coffee Day Enterprises Ltd on Tuesday reported narrowing of consolidated net loss to Rs 97.11 crore for the three months ended December 2020.

 

The company had posted a net loss of Rs 184.94 crore in the October-December period a year ago, Coffee Day Enterprises Ltd (CDEL) said in a BSE filing.

 

CDEL's revenue from operation was down 50.7 per cent at Rs 267.53 crore in the third quarter of the current fiscal. In the same period a year ago, it was at Rs 542.38 crore.

However, total expenses dropped 44.7 per cent to Rs 413.63 crore in the latest December quarter. In the year-ago period, the same was at Rs 748.62 crore.

 

CDEL's revenue from coffee and related business stood at Rs 123.72 crore in the quarter under review compared to Rs 340.75 crore in the same period a year ago.

 

Revenue from integrated multimodal logistics was down 34.1 per cent at Rs 123.64 crore in the latest December quarter as against Rs 187.58 crore in the year-ago period.

 

As per the filing, revenue from hospitality services rose to Rs 11.63 crore in the third quarter of the current fiscal as against Rs 9.32 crore in the same period a year ago.

 

 

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Malavika Hegde, wife of VG Siddhartha appointed as CEO for Coffee Day Enterprises
Malavika Hegde, wife of VG Siddhartha appointed as CEO for Coffee Day Enterprises
 

Coffee Day Enterprises Ltd has appointed Malavika Hegde, wife of its founder V G Siddhartha's wife as its chief executive officer on Monday.

This comes after more than a year when the owner of Coffee Day Chain was found dead in a river in Southern India in an apparent suicide.

Also Read: "I fought for a long time but today I gave up," says VG Siddhartha in his letter

In July last year, Coffee Day Enterprises named independent board member S V Ranganath as interim chairman, after authorities recovered Siddhartha's body floating in a river near the port city of Mangaluru, two days after his disappearance sparked speculation that he was under intense financial strain.

Malavika Hegde was appointed as the CEO with immediate effect, the company said in a filing to exchanges.

Bengaluru-based coffe chain runs around 1500 café across the country and compete with the likes of Starbucks Corp, Barista and Costa Coffee.

May Interest: CCD closes 280 outlets in April-June quarter, profitability, increased expenses an issue

The coffee chain has closed operations of around 280 outlets in the first quarter of the current fiscal year. The group has citied profitability issues and likely future increase in expenses, a company statement said.

With these closures, the café now operates around stood 1,480 outlets as on June 30, 2020.

 

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CCD parent posts Rs 59.38 cr loss for Jul-Sept
CCD parent posts Rs 59.38 cr loss for Jul-Sept
 

Coffee Day Global Ltd has reported narrowing of consolidated net loss at Rs 59.38 crore in the second quarter ended on September 30, 2020.

The company had posted a consolidated net loss of Rs 98.42 crore in the same period last fiscal, Coffee Day Enterprises said in a regulatory filing.

Consolidated revenue from operations of Coffee Day Global Ltd in the period under review stood at Rs 78.69 crore as compared to Rs 364.24 crore in the year-ago period, the filing added.

Also Read: CCD closes 280 outlets in April-June quarter, profitability, increased expenses an issue

It said its production, procurement and export division clocked a revenue of Rs 7.52 crore in the second quarter this fiscal as against Rs 36.31 crore in the same period last year. Retail operation, on the other hand, had a revenue of Rs 79.68 crore as against Rs 368.93 crore in the corresponding quarter last fiscal.

Although an unlisted entity, the company said it has voluntarily prepared the financial results using the format prescribed under Listing Regulations 2015, as its holding company Coffee Day Enterprises is a listed firm.

The coffee day business has come to a halt due to the coronavirus pandemic and lockdown during the first quarter. However, from July 2020, the company has been able to recommence the business and improve gradually every month.

At present the company is able to operate almost 80 per cent of the retained cafes and nearly 50 per cent of the retained vending machines, added the statement.

The company expects to operationalise the balance outlets and machines in the coming months. The revenues have been growing steadily every month, it added.

May Interest: Celebrate International Coffee day with your favourite cappuccino at CCD

"The average sales per day has gone up from Rs 4,000 in June 2020 to more than Rs 11,000 in October 2020. Operational vending machines have gone up from 5,000 in April to 26,000 in October. Therefore the company foresees no problem in continuing as a going concern," it said.

Coffee Day Global Ltd said there is a delay in repayment to banks and financial institutions and the overdue amount as on September 30, 2020, is Rs 400.85 crore, including interest of Rs 36.4 crore.

 

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Celebrate International Coffee day with your favourite cappuccino at CCD
Celebrate International Coffee day with your favourite cappuccino at CCD
 

This International Coffee Week, Café Coffee Day, India’s largest homegrown café and coffee chain, brings together coffee aficionados in a global celebration to share their love for coffee and support the millions of farmers whose livelihood depend on it.

In the week-long celebration from 26th September to 4th of October, the café is inviting all the coffee enthusiasts to taste their unique coffee beverages and raise a toast to the evolving café and coffee culture in India.

Being the pioneer in setting up a cafe chain in India, Café Coffee Day brought in many nuances to coffee. The brand's ambition was to democratize access to a world class specialty coffee experience  and introduced the youth to a wide range of espresso based coffee beverages which till then was limited to a very niche  audience.

Also Read: What’s Brewing this International Coffee Day?

Honouring their customers’ love for Cappuccinos, CCD is showcasing a wide range of innovative Cappuccinos, from Ginger Turmeric Cappuccino to Chocolate Cappuccino to Cinnamon &Chilli Cappuccino to name a few.

The celebrations will kick off workshops on alternate brewing techniques in the near future and provide a platform for CCD’s skilled brewmasters to showcase their latte art abilities.

“At Cafe Coffee Day, we believe in cherishing and celebrating every occasion that instills positivity and encourages innovation. International Coffee Week is about sharing our collective passion and love for coffee with customers, brewmasters, partners and all other coffee brands across the country,” said Vinay Bhopatkar, CEO, Café Coffee Day.

May Interest: Costa Coffee makes coffee accessible to all, launches mini-cup

This offer is valid in select CCD outlets. For more information please visit the official website cafecoffeeday.com.

Customers can order their favourite Cappuccinos through dine-in, take away or home delivery from their nearest CCD outlet or experience contactless ordering through CCDOnline.in

 

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Cafe Coffee Day to allow pets at their cafe with outdoor seating
Cafe Coffee Day to allow pets at their cafe with outdoor seating
 

With hectic lifestyles particularly in today’s environment, most pet owners don’t get to spend enough time with their pets.

Café Coffee Day has once again shown that customers’ needs come first. They have now extended its services to include pets.

Also Read: Coffee Chain CCD partners with Coffee Day Essentials to make shopping daily essentials easy

“We want our customers to feel at home when they visit any CCD and we understand that for pet owners, hanging out with their pets is very important.  Today there aren’t that many options that offer this facility in the country. In line with this we welcome pet owners to bring along their pets to our cafes and enjoy their time in safe and hassle free environment.” Said Vinay Bhopatkar, CEO Café Coffee Day.

Driven by this requirement and keeping the interests of their customers at the forefront, CCD now welcomes pet parents to bring along their pets for a cup of coffee.

As the saying goes, “pet therapy is the best therapy”, this initiative will give customers the right kind of space to spend quality time with their pets and include them in their time spent with friends without having to leave them at home.

May Interest: CCD closes 280 outlets in April-June quarter, profitability, increased expenses an issue

This facility will be available in select cafes in India which have an outdoor seating option.

Café Coffee Day has a stringent hygiene safety protocol in place, for both their customers and employees.

 

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Coffee Chain CCD partners with Coffee Day Essentials to make shopping daily essentials easy
Coffee Chain CCD partners with Coffee Day Essentials to make shopping daily essentials easy
 

Shopping for daily essentials can sometimes seem like a dreary task. But Café Coffee Day now has the perfect solution to this.

Cafe Coffee Day, has partnered with  ‘Coffee Day Essentials’, in a joint venture between Coffee Day Global Ltd and Impact HD.

CCD customers can now sit down and enjoy a cup of coffee while shopping for their daily essentials all under the safety and comfort of their favourite café.

“We have been extremely enthusiastic in exploring new ways to collaborate with the best of brands and create a differential experience for all our ever-evolving customers. After closely studying the needs of the new age customers, we created a platform where customers can shop while treating themselves to the unique food and beverages by CCD and its partner brands,” said Vinay Bhopatkar, CEO, Café Coffee Day.

The Essential stores will offer items ranging from confectionary, beverages, to snacks.

This collaboration will provide a cool hangout space and a shopping hub for daily needs to CCD customers, all under the same roof, in Bangalore.

“We are very proud of collaboration with CCD, the most competitive café brand in India. This collaboration will provide our customers two necessities of life: “socialising with loved ones” and “daily essentials shopping” within the local community. This partnership will help in developing this local community hub which is becoming the norm in the new normal,” added Atsushi Muramatsu, CEO, Coffee Day Essentials.

With this format, Café Coffee Day hopes to add anew customer base to its repertoire, thereby an increase in footfalls to the outlet.

As part of the partnership, apilot project has been launched by CCD at its Sadashivnagar cafe, to start with. Success in this format will see the partnership scaled up to around ten outlets in Bangalore. 

 

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Starbucks enters Lucknow, opens two stores in the city
Starbucks enters Lucknow, opens two stores in the city
 

Tata Starbucks Private Limited today announced its entry into Lucknow with two new store openings, bringing the premium Starbucks Experience to more customers across India.

The two new stores are located at Phoenix Palassio Mall and Vibhuti Khand in Gomti Nagar.

“Tata Starbucks is honoured to celebrate our eighth year in India by opening our first stores in Lucknow—a brand new market for us. We are excited to offer the unparalleled Starbucks experience to customers in Lucknow in a way that is safe, familiar and convenient,’ shared Navin Gurnaney, CEO, Tata Starbucks Pvt. Ltd.

The new stores are designed with Lucknow’s rich and authentic culture in mind, reflecting the diverse heritage of the city alongside a deep passion for coffee.

Starbucks` launch campaign also takes inspiration from the cultural ethos of Lucknow with the tag line `Muskuraane ki wajahein; Lucknow, Starbucks aur Aap`; thus celebrating the many reasons to rejoice whilst keeping the focus on the customer!

Starbucks customers in Lucknow can also join the My Starbucks Rewards™ loyalty program, which provides members rewards and personalized benefits that increase with frequency of use. When customers sign up for a My Starbucks Rewards™ account, they immediately begin earning stars for purchases at Starbucks.

The store will also offer Starbucks merchandise and free Wi-Fi so that customers can enjoy an elevated coffeehouse experience that Starbucks is known for.

Tata Starbucks is committed to offering the best in class safety and sanitisation norms, following 6- feet markings to ensure social distance during dine in and takeaway, temperature screening for all partners (employees), customers and delivery executives; kitchens that follow international safety norms, regular sanitisation of surfaces. We also offer customers low-contact digital payment methods like the Starbucks Mobile app.

Tata Starbucks now has a presence across 12 cities with 189 stores.

 

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CCD closes 280 outlets in April-June quarter, profitability, increased expenses an issue
CCD closes 280 outlets in April-June quarter, profitability, increased expenses an issue
 

Bengaluru-based café chain Cafe Coffee Day has closed operations of around 280 outlets in the first quarter of the current fiscal year.

The group has citied profitability issues and likely future increase in expenses, a company statement said.

With these closures, the café now operates around stood 1,480 outlets as on June 30, 2020.

Owned by Coffee Day global, CCD also reported a decline in average sales per day (ASPD) to 15,445 during the April-June quarter from 15,739 in the corresponding period of the last fiscal.

However, the count of its vending machines went up to 59,115 units in Q1 FY20 from 49,397 in the same quarter a year ago.

"Exports operations have been temporarily stopped due to lower margins and higher working capital requirement and around 280 outlets are closed during the quarter based on various factors including the profitability, future increase in major expenses," it said in the statement.

It further said that the decision "will result in continuing the remaining cafes profitable and adding value to the company as a whole to continue as going concern".

CDEL has been paring its debt through the sale of non-core assets after the death of its promoter V G Siddhartha. Earlier, in March this year CDEL had announced to repay Rs 1,644 crore to its 13 lenders after concluding a deal with Blackstone Group to sell its technology business park.

 

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CCD parent company hires EY to evaluate potential suitors
CCD parent company hires EY to evaluate potential suitors
 

Coffee Day Global has appointed Ernst & Young to perform due diligence of the parties interested to buy the chain.

Operators of Café Coffee Day chain founded by the late VG Siddhartha, the group has appointed the global professional services firm to provide interim business support and to evaluate proposals of the potential investors, as per a stock market disclosure.

Earlier, beverage giant Coca Cola and US-based private equity firm TPG are known to be bidding to acquire Coffee Day Global.

Coffee Day plunged into turmoil at the end of July last year following the death of founder VG Siddhartha, who committed suicide.

A letter, purportedly written by Siddhartha, had mentioned an unnamed PE partner as pressuring him into a share buyback, and “harassment” from tax authorities, among other reasons for the suicide.

Separately, Coffee Day Enterprises had appointed IDFC Securities Ltd to explore divestment opportunities for the group and to refinance its existing debt.

The group has been in talks to liquidate some of its assets. In August, PE giant Blackstone acquired its Bengaluru tech park for close to Rs 3,000 crore.

 

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Coffee By Di Bella now Delivering in Bandra, Mumbai
Coffee By Di Bella now Delivering in Bandra, Mumbai
 

Coffee chain Coffee By Di Bella is now delivering in Bandra, Mumbai.

The brand has started with Coffees & Waffles deliveries via Swiggy & Zomato from its Bandra outlet and thereafter from Santacruz, Juhu, Versova & Lokhandwala all on or before May 10.

Bandra folks can again relish on Coffee By Di Bella's freshly baked Rocky Road Waffle, Dark Hot Chocolate, Iced Latte, Di Bellaccino, to name a few.

Coffee By Di Bella also has an Alternative Brewing Menu on its offering. Alternative Brewing is a technique of manually brewing coffee to highlight various properties of coffee like body, acidity, endnotes etc.

The beverages are processed through high temperature and is the smoothest way to have a crisp cup of coffee. Coffee By Di Bella has also won the Aeropress Championship consecutively 2 years in a row hence giving weight to its claim that they serve the best cup of Specialty Coffee in the country.

Alternative Brewing Methods- 

Cold Brew Coffee - Cold Black Coffee steeped overnight for 18 hours to produce a sweet, smooth and refreshing iced coffee. Brewed using our premium blend.

Pourover Coffee- Hot water poured over groud coffee to provide good clarity of flavour-smooth, clean and ideal to sip on without adding milk.Brewed using our Sydney blend

Iced Pourover Coffee-Our hand brewed pourover coffee. Brewed over ice. Brewed using our sydney blend

Syphon Coffee-A vaccum pressured coffee. Looks like a science experiment. Brewed using our Sydney blend

Aeropress Coffee- Coffee brewed with gentle air pressure through a microfilter. Brewed using our Sydney blend

 

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SV Ranganath named as Interim Chairman of Cafe Coffee Day after VG Siddhartha's demise
SV Ranganath named as Interim Chairman of Cafe Coffee Day after VG Siddhartha's demise
 

Café Coffee Day (CCD) has appointed SV Ranganath as Interim Chairman after the sudden demise of its Founder VG Siddhartha. Currently, Ranganath is a non-executive independent director of the company.

CCD’s Director Board has also named Nitin Bagmane as the Interim Chief Operating Officer (COO), subject to approval by the Board.

The coffee chain has further set up a committee that will be vested with the powers of the chief executive and explore opportunities to deleverage the Coffee Day Group.

The notification said, "Constitution of an executive committee comprising Ranganath, Nitin Bagmane (COO) and R Ram Mohan (CFO) to exercise the powers previously vested with the chief executive officer of the company and the administrative committee constituted by the board in 2015."

Earlier this week, CCD Founder VG Siddhartha went missing and his body was found on the banks of the Nethravathi river a day later.

 

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Coca-Cola eyes to gain foothold in rapidly growing cafes space
Coca-Cola eyes to gain foothold in rapidly growing cafes space
 

Coca-Cola, the world's largest beverage company, is planning to gain a foothold in the rapidly growing cafés space. The Coca-Cola Company launches hundreds of new products every year to meet the ever-changing tastes of consumers around the world.

Now, the company has entered preliminary talks for a substantial stake buy in the country’s largest coffee chain Café Coffee Day (CCD). Last year, through the acquisition of UK-based Costa Coffee, the beverage company has entered into the ever-growing coffee market.

An official in the knowledge of the development said, “The potential stake acquisition is being driven by Coca-Cola’s headquarters in Atlanta, and officials from the beverage maker’s global team are engaged in active talks with the Coffee Day management. It would give Coca-Cola a significant scale in the fast-growing café business, compared to soft drinks.”

Café Coffee Day, promoted by VG Siddhartha, is owned by Coffee Day Global, a subsidiary of Coffee Day Enterprises. With a footprint of 1,750 cafes, CCD continues to be a market leader in the organised café space. The brand competes head-on with Starbucks and smaller coffee chains like Barista and Costa Coffee.

 

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Cafe Coffee Day opens 1st outlet of Coffee Day Square in Hyderabad
Cafe Coffee Day opens 1st outlet of Coffee Day Square in Hyderabad
 

Café Coffee Day has opened the first outlet of Coffee Day Square, its exclusive flagship concept, at Jubilee Hills, Hyderabad. The newly launched outlet's coffee menu includes Single Origin Coffees and coffees prepared using alternate brewing techniques.

In order to create a fine balance between wellness and indulgence, the menu comprises a selection of beverages like Amazing Avonade, Zesty Coconut Mandarin and infusions such as Tranquil Twist and Purple Berry Blast, along with beverages including Cocoa Excess Shake and Maharaja Shake.

Venu Madhav, Chief Executive Officer, Café Coffee Day, said, “The Coffee Day Square which is an exclusive flagship concept from Café Coffee Day is a reflection of the newest and best in coffees and culinary experience. Residents and foodies of Hyderabad can take delight in the innovative and refreshing beverages and appetising food items that it has to offer. The menu includes an eclectic mix of options, ranging from authentic to fusion to wellness to innovation at its best.”

“We are going to take our guests on an elegant culinary world tour that will be a novel experience for many. We are very excited and happy to bring this concept to Hyderabad,” he further stated.

 

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Cafe Coffee Day launches Season's Treatings Menu
Cafe Coffee Day launches Season's Treatings Menu
 

Cafe Coffee Day (CCD) has launched the Season's Treatings Menu, a range of beverages for Christmas. It is available at all Cafe Coffee Day outlets in Mumbai.

Priced from Rs 119 onwards, these beverages include Creamy Hot Chocolate, a smooth and silky chocolate along with creamy milk, and a chilled version of the drink called the Creamy Cold Chocolate.

CCD is also offering Gourmet Belgian Hot Chocolate, comprising silky Belgian hot chocolate topped with steamy hot milk foam along with a dash of cocoa powder on top. Gourmet Belgian Cold Chocolate, the cold version of this blend, is also available.

 

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Cafe Coffee Day introduces its brand new 'Totally Worth It' menu
Cafe Coffee Day introduces its brand new 'Totally Worth It' menu
 

Cafe Coffee Day (CCD) has launched its brand new 'Totally Worth It' menu, aiming to appeal to the young cafe goers. The menu has 24 new food, beverage and dessert offerings that are designed to include an extensive range.

The menu is available in a la carte options starting at Rs 29, a food and beverage combo starting at Rs 49 and a three-course combo, including dessert, starting at Rs 88. It is designed keeping in mind food preferences of today's college goers and young adults. 

The company said, "Research conducted has revealed exciting youth insights in so far as changing preferences, fatigue with existing market choices and lunch and dinner occasions were concerned. The youth were primarily looking for value for money offerings. With this appetising and affordable range, Cafe Coffee Day is set to revolutionise the all-day quick meals space yet again."

Currently, the new menu is available at Cafe Coffee Day outlets in Bengaluru, Delhi and the National Capital Region (NCR), Mumbai, Pune, Hyderabad, Chennai and Kolkata. It will soon expand to other markets across India.

Venu Madhav, Chief Executive Officer, Cafe Coffee Day, said, "The Totally Worth It Menu brings to the youth a rich and extensive range of food, beverage and dessert options that they will find a gratifying and absolute value for money.  The menu is curated to interest those who seek variety, unique, innovative, wholesome choices and quality packed together at a great price."

 

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Uber Eats, CCD partner to launch network of virtual restaurants
Uber Eats, CCD partner to launch network of virtual restaurants
 

Uber Eats, a food delivery platform, has entered into a strategic partnership with Café Coffee Day (CCD) to launch a virtual restaurant network that will be available for delivery exclusively on Uber Eats app. Under this partnership, the first restaurant brand is scheduled to launch in November.

As part of the partnership, Uber Eats will provide CCD with data, analytics and insights to help identify food or cuisines that consumers crave the most. This will enable both entities to launch menu offerings as per evolving consumer trends for multiple 'delivery-only' virtual restaurants. 

Jason Droege, Vice President of UberEverything at Uber Technologies, said, "We are thrilled to partner with Cafe Coffee Day the pioneers of café culture in India - our fastest growing global market. Using experience and lessons learned in the virtual restaurant space from our global operations, we hope to provide our Indian restaurant partners greater growth opportunities. Our customers too will enjoy ordering and eating their favourite everyday meals at the tap of a button."

Venu Madhav, Chief Executive Officer, Cafe Coffee Day, said, "With this association, we aim to take the goodwill and trust earned in the F&B space and combine it with new age reality of virtual restaurants to offer everyday meals that can be delivered to nomadic millennials at home or at work in a convenient manner.”

"We are proud to partner with a fellow global brand, Uber Eats for this new age venture which will redefine the foodservice industry in India. Their strength and expertise in the business of home delivery will ensure delight to millions of aspiring youngsters who have moved away from their homes with great quality products from Cafe Coffee Day’s virtual restaurants every day across the country," Madhav further added.

 

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CCD partners with PowerSquare to install wireless charging spots at their cafes
CCD partners with PowerSquare to install wireless charging spots at their cafes
 

Café Coffee Day has partnered with PowerSquare, a wireless power solutions provider, to install wireless charging network at their cafes across India. The Bengaluru-headquartered café chain has introduced around 300-plus wireless charging spots across 100 outlets in leading cities such as Mumbai, Delhi, Bengaluru and Chennai.

This network will be supporting all smartphones enabled with wireless charging. The facility will be soon expanded to 350-plus cafes in other metro cities.

By launching wireless charging, the café chain is strengthening its digital technology to keep its customers connected at all times. The company's aim is to eliminate the hassle of carrying charging cables.

The charging modules will be installed on café tables for customers to wirelessly charge their phones.

Venu Madhav, CEO of Café Coffee Day, said, "We pioneered the café culture and introduced the Indian youth to international coffees and unique coffee brewing techniques. We have also led the way with technological innovations based on consumer needs and trends. From introducing high-speed Wi-Fi at our cafes to being the first to try out digitized tables, we have believed in investing in digital technology to enhance the in-café experience for our young customers."

 

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Gulab partners with Madras Coffee house to offer its specially made snacks
Gulab partners with Madras Coffee house to offer its specially made snacks
 

Makers of hand-crafted snacks Gulabs Snacks and Savories has partnered with Madras Coffee House to offer it’s specially made snacks at its outlets.

Company said in a statement “Under the tie-up, Gulabs would offer 'Moongadi Khakhras' at 25 outlets of Madras Coffee House in Chennai and New Delhi.

Gulabs Vice President, Sales marketing, ruchika Gupta said “Partnering with Madras Coffee House is a strategic move to be accessible to more consumers via multiple. We have specially packaged Moongadi Khakhras for Madras Coffee House, and it is available as pack of two pieces”.

Madras Coffee House, general Manager, K kannan said “We are excited to partner with Gulabs and provide a new different and innovative snack companion to coffee because of its dash of spiciness”.

Each pack is priced at Rs 30 for two pieces and also vacuum packed to maintain freshness and shelf life.

 

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Income tax raided cafe coffee day office in Karnataka
Income tax raided cafe coffee day office in Karnataka
 

Income Tax officials began raids on the offices of Cafe Coffee Day founder and investor V.G.Siddhartha at multiple locations in Mumbai, Bengaluru and Chennai, including his hometown of Chikmagalur in Karnataka. The search operations began in the morning, and are continuing now. Initial reports said the IT teams conducted searches at about 20 locations including at Siddhartha’s residence in Bengaluru, his Coffee Day, and Way2Wealth offices. 

Sidhatha is the son-in-law of former Karnataka Chief Minister and Foreign Minister in the UPA regime S.M.Krishna. After decades of association with the Congress, Krishna joined the BJP in March this year in the presence of party’s national president Amit Shah. The veteran politician’s switch was provoked by reports that the first family of the Congress had apparently ignored him.

The Coffee Day stock is trading in the red, and had lost about 4% at 11 am.

 

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CCD expands its dessert portfolio with Over The Top Sundaes Range
CCD expands its dessert portfolio with Over The Top Sundaes Range
 

Indian cafe chain, Cafe Coffee Day has expanded its dessert portfolio with the launch of its new range of sundaes. ‘Over The Top Sundaes’ is a range of super-loaded and rich sundaes, made with a variety of flavours and ingredients.

Over The Top Sundaes are available in four flavours, namely, Toffee Surprise, Cocoa Mocha, Rasgulla Royale and Cocoa Fudge.

The Toffee Surprise is made with rich vanilla ice cream, honey oat cookies, butterscotch nuts, toffee sauce, caramel popcorn and whipped cream. The Cocoa Mocha is similarly rich with a crunchy cookies base, two scoops of vanilla ice cream, whipped cream and a choco-stick.

Meanwhile, the Cocoa Fudge, rich coca fudge, vanilla ice cream, a layer of coca and a dash f mango sauce with a choco-stick. The Rasgulla Royale serves the classic Indian sweet with a twist. It is made with vanilla ice cream, rasmlai syrup, frothy whipped cream and almond flakes.

Venu Madhav, CEO, Cafe Coffee Day, said, “All through the summer to the special rainy months ahead, the sundae appeal at CCD reaches a new high with the well-crafted, all new ‘Over The Top Sundaes’’. Loaded with extra scoops, the four sundaes – Rasgulla Royale, Cocoa Mocha, Toffee Surprise and Cocoa Fudge have that little extra one can look forward to at their favourite CCD. Dessert specialists from Italy and India brought their ‘best in dessert love and expertise’ forward to create these offerings. After all, there’s always something new brewing at Cafe Coffee Day.”

 

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CCD staff slapping customer; video goes viral on Twitter
CCD staff slapping customer; video goes viral on Twitter
 

A leading coffee outlet chain has said that it would ascertain facts and take action after a video of a consumer being slapped by a lady staffer allegedly over the presence of a cockroach inside a refrigerator went online.

Earlier this month, a law student Arpan Verma was allegedly slapped by one of the female staff at an outlet apparently because he tried to film a video showing a cockroach inside a refrigerator.

In the video, that has gone viral on Twitter, the woman employee is seen walking towards Verma and suddenly slapping him.

Cafe Coffee Day, the chain in question, took notice of the incident and tweeted that required action will be taken.

The CCD tweeted, "We have escalated the recent issue at our Jaipur outlet and are in talks with the consumers and the internal team to ascertain facts."

 

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CCD staff slapping customer; video goes viral on Twitter
CCD staff slapping customer; video goes viral on Twitter
 

A leading coffee outlet chain has said that it would ascertain facts and take action after a video of a consumer being slapped by a lady staffer allegedly over the presence of a cockroach inside a refrigerator went online.

Earlier this month, a law student Arpan Verma was allegedly slapped by one of the female staff at an outlet apparently because he tried to film a video showing a cockroach inside a refrigerator.

In the video, that has gone viral on Twitter, the woman employee is seen walking towards Verma and suddenly slapping him.

Cafe Coffee Day, the chain in question, took notice of the incident and tweeted that required action will be taken.

The CCD tweeted, "We have escalated the recent issue at our Jaipur outlet and are in talks with the consumers and the internal team to ascertain facts."

 

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Nandan Nilekani increases his stake to 2.57 percent from 1.4 percent in Cafe Coffee Day
Nandan Nilekani increases his stake to 2.57 percent from 1.4 percent in Cafe Coffee Day
 

Infosys co-founder Nandan Nilekani has almost doubled his stake in Bengaluru-based Coffee Day Enterprises, betting on India's largest retail coffee brand that looks at increased local consumption to drive future growth.

Nilekani, had jointly invested Rs 100 crore with stock investor Rakesh Jhunjunwala in pre-IPO funding in March 2015.

In the quarter ended December, Nilekani had increased his stake to 2.57 per cent from 1.4 per cent in the Bengaluru-based Coffee Day, taking his investment value in the company to Rs 104 crore.

Interestingly, Coffee Day chairman V G Siddhartha was among the first backers of Infosys, when it went public in 1993 and scripted history for nearly quarter century as among the most valued stock on Indian stock exchanges.

Nilekani said in an interview, "It is just to encourage entrepreneurs who are thinking, innovating new solutions that are unique to India. Then, I am broadly looking at how technology can be used to make India unorganised to organised. I don't invest in education, where i only do philanthropy. Education is the only place where I spend money, where I don't earn money."

He, along with his wife Rohini Nilekani, runs EkStep, a not-for-profit initiative that promotes primary education, in which he has committed an amount to the tune of USD10 million.

 

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CCD joins hands with O-Zone to provide free Wi-Fi accesses to its customers
CCD joins hands with O-Zone to provide free Wi-Fi accesses to its customers
 

Café Coffee Day (CCD) has partnered with O-Zone networks; Wi-Fi services providers, to offer free Wi-Fi services to its customers at its selected outlets across the country. CCD will now provide high-speed connectivity to its tech-driven customers through a dedicated leased line at its cafes.

As per the company's plan, it has segregated the installation procedure in different phases. The first phase will include 225 outlets of Bangalore and Delhi who will be equipped with the Wi-Fi facility and then the instillation procedure will move to outlets in other cities including Kolkata, Hyderabad, Chennai and Goa.

Apart from Wi-Fi, CCD will take another step in digital innovation with O-Zone Networks providing bandwidth and IP to run the cafe chain's PoS systems and camera. In addition to that, CCD users in 24 CCD outlets in the initial phase will be able to avail O-Zone's association with SpeedFetch to download digital content such as games, Hollywood and Bollywood content at hyper speeds.

Speaking about the development, Venu Madhav, CEO, Café Coffee Day said “Ensuring customer delight with innovation in products and services is vital in the cafe industry. Today, with the rise of smart phones, there is not only an increasing need to stay connected at all times but also a demand for high-speed connections since our audiences are multi-tasking on various applications and time is of the essence. With our association with O-Zone Networks, we aim to provide this service to our patrons who will now be able to enjoy free, fast and secure Wi-Fi connection and benefit from the enhanced cafe experience”. 

 

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CCD partners with Paytm for cash payments
CCD partners with Paytm for cash payments
 

Cafe Coffee Day, one of the largest coffee chains in India has partnered with mobile commerce and payments platform Paytm for online payments.

Customers can now pay their coffee bill at the Cafe Coffee Day (CCD) outlet using Paytm Wallet.

With across 1,400 outlets offering the Paytm Wallet, this tie-up is foraying actively into the offline space with its digital wallet and is specifically tapping Quick Service Restaurants where customers typically prefer fast turn-around and transaction times.

"We are excited to partner with CCD for enabling payments through Paytm in their 1400 outlets,” shared Kiran Vasireddy, Sr. Vice President-Paytm.

The Paytm Wallet has become a default mode of payment for customers for a wide variety of services in the country including taxi rides, food ordering and money transfers etc.

"Paytm users will now be able to pay for their coffee through their favorite payment option- Paytm Cash. This is a part of our overall thrust to drive digital transactions in offline scenarios as we work towards our vision of a cashless nation," added Kiran.

The association with Cafe Coffee Day will further help Paytm to cement its position as the preferred way to transact across online and offline platforms.

On the back of its plans to expand in the offline space as well as its strong merchant relationships, Paytm recently announced its target of tripling its daily transactions to 10 million.

 

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Food delivery business in India on rise with restaurants joining hand with delivery majors
Food delivery business in India on rise with restaurants joining hand with delivery majors
 

Nusra

After leading the in-cafe experiences, the coffee culture pioneer of India, Café Coffee Day (CCD) is all set to lead the out-of-café deliveries trend with its foray into home delivery.

Beginning with Bengaluru, CCD has curated a special menu with some choicest offerings from light snacks to heavy meals to desserts and its range of hot & cold beverages.

The café chain has partnered with Swiggy to take and deliver orders to customers’ doorsteps.

“Café Coffee Day has been at the forefront of every unique trend. We uphold the same spirit with our all new and exciting home deliveries offering. Café Coffee Day already enjoys a loyal base of beverage and café food lovers. With this move, we plan to create a 360 degree interaction with our customers strengthening CCD’s foothold in the food space as well,” shared Bidisha Nagaraj, Group President Marketing, Coffee Day. Given the fast evolving home and workplace dynamics where commutes are longer and more women are joining the office bandwagon, the food home delivery trend in India is on an all time high.

With its vast network of cafes, CCD is uniquely positioned to offer an order-in option for not only beverages but also a multi-cuisine experience with a range of café-oriented and meal-oriented offerings at consumers’ doorsteps.

Unlike restaurants where order-in is limited to a cuisine or two, CCD’s menu is diverse and delectable. Also, while most beverage deliveries are limited to pre-packaged beverages and juices in Indian cities, CCD also offers beverages that are freshly prepared and packaged to perfection.

“The new all-day order-in menu strikes a perfect balance between various cuisines to suit the palate of every food lover from an office goer, a student, a home-maker to a party host ordering in bulk, so they can access their choicest food and beverages at affordable price points with ease of access at the heart of every order,” added Nagaraj.

CCD’s new menu is the perfect alignment between café and restaurant food. While most outlets meet the usual meal timings of lunch and dinner, CCD’s menu is one step ahead.

CCD has mapped 50 cafes in Bengaluru to deliver orders within a 3-4 km radius. Its customers will be able to place an order from a cafe that falls within their delivery radius. Based on preparation times, the delivery executive would reach the cafe, collect the order and deliver to a customer. CCD has partnered with Swiggy to deliver orders to customers.

“We're thrilled to have partnered with the most ubiquitous coffee chain in India. It is very encouraging to see big brands embrace concept of delivery and this partnership helps us further consolidate our position as the biggest and most reliable food delivery platform in the country. Our operations have posted an average delivery time of 37 minutes across and having a brand as well-known as Cafe Coffee Day partner with us is testimony to our reliability. Coffee Day's new menu will help ensure that we cater to every kind of customer,” said Nandan Reddy, Co-Founder, Swiggy.

Besides a whole range of options to meet the hunger levels spread across the day, CCD’s home delivery set up is also equipped to cater to bulk packaging for larger groups like corporate meetings or small get togethers and celebrations at home. The new beverage order and packaging of 750 ml for 5 people has been introduced to meet orders across the entire range of hot coffees, cold beverages to ready to drink options. The delivery offerings are priced comparably with what a customer would pay at other dine-in cafe.  

 

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Coffee Day Enterprise IPO subscribed 13 per cent on 1st Day
Coffee Day Enterprise IPO subscribed 13 per cent on 1st Day
 

The Rs 1,150-crore initial public offering of Coffee Day Enterprises, that owns Cafe Coffee Day (CCD) cafes, was subscribed 13 per cent on the first day of issue tiday.

The IPO of Coffee Day Enterprises received bids for 34,24,275 shares against the total issue size of 2,58,14,198 shares on offer, receiving 13 per cent subscription, data available with the NSE till 1700 hours showed, reported PTI.

The portion reserved for qualified institutional buyers (QIBs) was subscribed 17 per cent, while the category for non-institutional investors saw 3 per cent subscription, as per BSE data.

Retail investors pie was subscribed 16 per cent.

Coffee Day Enterprises has raised over Rs 334 crore from anchor investors.

The café chain is also planning to mop up Rs 1,150 crore through the IPO, which would be the biggest in the country in nearly three years.

The company, which competes with global giant Starbucks in the fast-growing Indian consumer market, has fixed a price band of Rs 316-328 per share for its IPO.

The share sale would close on October 16.

Kotak Investment Banking, Citigroup, Morgan Stanley, Axis Capital, Edelweiss and Yes Bank are handling the IPO of Coffee Day Enterprises, whose shareholders include private equity giants KKR and New Silk Route.

VG Siddhartha, the main promoter as well as chairman and managing director, holds 54.78 per cent stake in Coffee Day.

The overall shareholding of promoters is 92.74 per cent.

In March, Coffee Day raised Rs 100 crore in a pre-IPO funding from Nandan Nilekani and Rare Enterprises (owned by Rakesh Jhunujunwala and Ramesh Damani), among others.

Coffee Day Enterprises is the parent company of Coffee Day Group and operates coffee business through a subsidiary, Coffee Day Global Ltd (earlier known as Amalgamated Bean Coffee Trading Company Limited) and its subsidiaries.

 

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Cafe Coffee Day IPO confirmed for 14th October
Cafe Coffee Day IPO confirmed for 14th October
 

Coffee Day Enterprises Ltd (CDEL), the holding company of the Cafe Coffee Day (CCD) chain will launch its Rs 1,150-crore IPO on 14 October.

The group has fixed a price band of INR 316-328 for the issuance.

Kotak Mahindra Capital, Morgan Stanley India, Citigroup Global Markets India, Axis Capital, Yes Bank and Edelweiss Financial Services are managing the IPO.

Private equity firms KKR India Advisors, New Silk Route PE Asia and Standard Chartered Private Equity invested USD 149.07 million in the holding company in February 2010, according to VCCEdge, which tracks investments. The draft papers filed with Sebi listed KKR with a 3.43% stake in CDEL.

CDEL owns Coffee Day Global Ltd (formerly known as Amalgamated Bean Coffee Trading Co. Ltd), the company that runs the cafe chain.

The firm plans to use the IPO proceeds to set up new outlets and kiosks, refurbish existing outlets, manufacture and assemble vending machines and set up a new coffee roasting plant, along with a coffee and tea-packing facility.

Under its flagship format of Café Coffee Day, CDEL operates 1,423 outlets across 209 cities in India and 16 international outlets across Austria, the Czech Republic and Malaysia.  

 

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Caf? Coffee Day turns 19, brings exciting offers for customers
Caf? Coffee Day turns 19, brings exciting offers for customers
 

Café Coffee Day, India’s one of the largest chain known as the youth-centric chain has turned 19 years old this month.

The brand celebrates its birthday by organizing a unique activity to excite its customers that it touches every day.

As part of its 19th birthday celebration CCD has organized a surprise for its patrons. Consumers stand a chance to win freebies and discounts along with a mega bumper prize for one lucky winner.

For a fortnight following the birthday which is 11th July 2015, CCD will gift back an offer to each customer who bills at CCD which will be redeemable with their next visit to CCD.

Customers will receive their offer via sms, the number which they will share with the café staff on request while placing their order. Once customers punch their bills they will receive a mCoupon of the offer.

The offer will include exciting treats like ‘19 % off on a bill’, ‘a free Devils Own’, ‘a free Cappuccino’, ‘any beverage @ Rs 19’ and much more. One lucky customer also stands a chance to win the grand prize - an all expense paid vacation to Coffee Day’s luxury resort in Karnataka, The Serai!

Speaking on the occasion, Bidisha Nagaraj, Group President Marketing, Coffee Day said, “This month CCD completes 19 years of providing consumers all over the country a preferred place to hangout over a range of food & beverage offerings and we are very excited about it. Over the years, CCD has become synonymous with the coffee drinking experience in India and today has a significant following amongst the youth in the country. We wish to celebrate this milestone with our CCD fans with a special offer where we will be giving away a range of exciting treats including a free stay at one of our resorts.” She further added, “A warm and heartfelt thanks to all our CCD patrons for their continuous love and support.” CCD’s special birthday celebration will run across 700 cafés in the top seven cities of India which are Delhi, Mumbai, Bangalore, Kolkata, Chennai, Hyderabad, Pune, Chandigarh and Ahmedabad.

 

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Tic Tac ties up with Cafe Coffee Day to engage with youth the 'Desi way'
Tic Tac ties up with Cafe Coffee Day to engage with youth the 'Desi way'
 

Tic Tac, the mouth freshener brand from Ferrero, recently launched its first desi variant for the Indian market – Elaichi (Cardamom) mint catering to the Indian palette.

The brand has now associated with Cafe Coffee Day (CCD) to engage and strike a chord with the youth with the new desi mint the desi way.

This will be a 15 day long association in over 100 CCD outlets in Mumbai and Delhi.

Through the association, every order of CCD will be accompanied by a Tic Tac Elaichi Mint pack of Rs 5.

Tic Tac will also place exciting Desi props in all the 100 outlets for consumers to click quirky pictures, selfies and groupies.

The activation has a digital leg as a part of the 360° approach for the launch. Consumers are invited to upload their photos and write a quality which makes them uniquely desi using #desiquirk (on fb/tictac page).

“The aim is to reach out to as many youth through this association with CCD and build awareness and likability for the flavor. We are confident that the youth will enjoy the desi mint as much as we enjoy presenting it to them,” said Emanuele Fiordalisi – Vice President, Marketing, Ferrero India.

Tic Tac will be launching a fb innovation with tictacbook.com which is an interesting way of communicating the desiness of the elaichi mint variant.

Also as a part of the holistic approach is a radio campaign personifying the Tic Tac ‘Desi’ character.

A radio contest called ‘Sabse Desi Kalakaar’ is organized wherein listeners will be requested to vote for the most Desi actor, actress and singer. The duration is of 2 weeks on a popular radio channel.

Considering the ever evolving attitude of young consumers, Tic Tac has been regularly innovating new flavours to suit the Indian taste buds.

The current flavours available are Mint, Orange, Peach Passion, Strawberry fields and Mintensity.

 

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QNet's franchise challenges ban on entering CCD
QNet's franchise challenges ban on entering CCD
 

One of the franchise of QNet, the Hong Kong-based multi-level marketing has challenged the ban of CCD in the Karnataka High Court, says a PTI report.

Two months before Mumbai Police ordered coffee chain Cafe Coffee Day (CCD) to shut doors to representatives of QNet.

"Vihaan Direct Selling (India) Pvt Ltd has moved the Karnataka High Court challenging the ban imposed by the Mumbai Police," said, Pradeep Gharat, Special Prosecutor. Vihaan, in its petition, has said their legal and constitutional rights were violated because of the ban.

"We will be filing a detailed reply in the Karnataka High Court stating that the Mumbai Police has not restricted any individual from entering the coffee shop. However, the ban is only for taking part in business activities and indulging in any further criminal activities," added Gharat.

The reply will be filed in the Karnataka High Court in due course of time, he said.

He also said that the issue of jurisdiction of the Karnataka High Court will also be raised before the court as the offence was registered in Mumbai.

On October 25, the Mumbai Police had directed CCD to shut its doors to representatives of QNet, accused of involvement in Rs 425-crore fraud, and its franchise after it discovered that representatives and employees of the beleaguered company and its associated firms often frequented the city-based outlets of CCD to lure prospective members.

The Economic Offences Wing (EOW) has so far arrested ten persons for allegedly duping investors by offering to sell products like magnetic disks, herbal products and holiday schemes through fraudulent practices.

Former billiard champion Michael Ferreira and Bollywood actor Boman Irani's son Danesh have been under scanner of the EOW as they were also found to be allegedly associated with the firm, according to sources.

QNet has also been accused of using the banned binary pyramid business model for their multi-level marketing schemes to entice investors.

An FIR in the case was registered in August last year. The accused have been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.

The EOW had issued look out notices against QNet founder Vijay Eswaran, Michael Ferreira and three business associates, the sources added.

Ferreira turned up before the investigators, who recorded his statement for his alleged role in the case.

 

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