Chelvies Coffee Secures $1 Million Investment from Endurance Capital to Expand Premium Coffee-Dining across India

Barista Coffee has partnered with American Pistachio Growers (APG) to introduce a new line of pistachio-based beverages and desserts. This collaboration aligns with Barista's strategy to diversify its retail menu in India by integrating premium California-grown pistachios, known for their quality, taste, and nutritional benefits.  

The new pistachio series includes products such as the California Pistachio Latte, California Pistachio Frappe, and California Pistachio Muffin. This product expansion is part of Barista’s effort to offer customers a wider variety of international flavors within its coffeehouse environment.  

Rajat Agrawal, CEO of Barista Coffee said, “At Barista Coffee Company, we constantly strive to curate offerings that align with our customer’s evolving preferences. Our partnership with the APG is a step ahead of our shared vision of quality and authenticity. California pistachios’ unique taste and health benefits are the perfect ingredient to complement our beverages. We are excited to bring this exclusive series to our guests across the country.”  

Sumit Saran, India Market Representative for APG added, “We are delighted to collaborate with Barista Coffee Company to promote California-grown pistachios in India. This initiative showcases the exceptional quality of American produce and strengthens the culinary ties between the two nations. California pistachios symbolize excellence, and we are elated to see them become a part of Barista Coffee's exciting new offerings.”  

The pistachio product range will be available across all Barista Coffee outlets in India starting from December 16, 2024. This move is expected to enhance Barista’s retail presence by offering customers a combination of premium coffee and innovative flavors.

One of India’s fastest-growing coffee chain, Nothing Before Coffee (NBC) has announced the launch of its 64th store in Pune.

NBC currently has 64 outlets throughout India; wherein the company added 17+ new outlets in Q2 offering an exclusive opportunity for people across regions to enjoy high-quality, flavorful brewed coffee & beverages at economical prices.

The Pune store, situated in the upscale Viman Nagar neighborhood, exemplifies Nothing Before Coffee's dedication to quality and community. This sleek and modern outlet offers a diverse menu featuring organic coffee, shakes, mocktails, hot chocolate, shrappe, and a wide range of delectable snacks, sandwiches, noodles, and cookies, carefully crafted to cater to the refined tastes of its discerning customers. 

“As we continue to expand our footprint across Tier 1 and Tier 2 cities in India, our goal remains to make Nothing Before Coffee a household name synonymous with authentic and affordable coffee experiences. Our plan to launch over 30 new stores in the next 3 months. Furthermore, we are determined to achieve a 100 Cr revenue run rate by March 2025,” said Akshay Kedia, Founder & COO, Nothing Before Coffee.

Nothing Before Coffee has expanded its footprint across both Tier-1 and Tier-2 cities in India, currently operating in 26 cities across 13 states and has successfully opened 20+ new outlets in H1 of the year, marking the “highest-ever store addition”. 

Additionally, it has extended its presence to 8 new cities including Delhi-NCR, Uttar Pradesh, Maharashtra, and Karnataka throughout the year.

NBC is rapidly expanding its presence in the coming years with a plan to open 35+ stores in India over the next three months, further expanding its footprint and solidifying its position in the market. 

Barista Coffee, one of the leading cafe chain of India, has opened the Barista Diner in Srinagar.  

Spanning over 4,000 square feet, the new Diner, is Barista’s largest café in the country that offers spectacular views of the Dal Lake and promises an exceptional casual dining experience in the heart of Srinagar.

With a total seating capacity of 100+, the Barista Diner is strategically positioned to elevate the culinary landscape of Srinagar by offering a wholesome culinary experience in addition to the great Cuppa of coffee. 

"We are thrilled to announce the launch of Barista Diner, our newest and largest cafe at Dal Lake, Srinagar. With its strategic location, grand outdoors overlooking The Dal, enabled with great culinary experience, we are confident that Barista Diner at Dal Lake will become a preferred go to place for locals as well as for tourists visiting Kashmir,” shared Rajat Agrawal, CEO, Barista Coffee.

Barista Diner in Srinagar marks the fifth addition to the growing chain of Barista’s flagship format Diners across India, following successful establishments in Noida, Gurgaon, Chandigarh, and Kapurthala.

Established in the year 2000, Barista Coffee Company is the pioneer of coffee culture in India. Besides India, its cafés are located across the islands of Sri Lanka and Maldives.

Union Artisan Coffee, the internationally acclaimed artisanal coffee chain hailing from Malaysia, proudly unveils its inaugural café in India, situated in the prestigious locale of Worldmark, Aerocity, New Delhi. 

Spearheaded by Village Food Concepts as the master franchise, this momentous launch marks a significant milestone for the brand as it extends its reach into the vibrant Indian market.

"The journey of Union Artisan Coffee from Malaysia to India is a testament to our dedication to sharing our love for coffee with diverse communities around the world. We are thrilled to partner with Union in this venture, bringing their unparalleled expertise and commitment to quality to the Indian market,” shared Suraj Arora, Managing Partner, VFC.

Embodying the core values of Union Artisan Coffee, the new outlet in Aerocity epitomizes the brand's commitment to excellence in coffee craftsmanship and fostering a sense of community. With a dedication to sourcing the finest beans and showcasing the artistry of coffee making, each cup tells a story of passion and expertise.

In addition to its signature artisanal coffees, Union Artisan Coffee in Aerocity introduces a delectable array of culinary offerings, spanning from breakfast to dinner. From a live pasta bar to freshly made sandwiches, patrons are invited to embark on a gastronomic journey curated to tantalize their taste buds. Collaborating with Le Clairé Patisserie, the café presents an assortment of exquisite pastries and desserts, further elevating the culinary experience.

"Our entry into India marks an exciting chapter in the Union Artisan Coffee story. We are delighted to introduce the Indian community to our unique blend of coffee culture, complemented by an inventive and diverse menu of culinary delights, enriching every experience for you,” added Tham Lih Chung, Group CEO of Incite Innovations.
 

Tim Hortons is marking the grand opening of two new locations, one in Atlanta and the other in Fairburn, Georgia.

The festivities are scheduled for April 12th, with the first 100 visitors at each restaurant receiving a Tim Hortons gift card.

Furthermore, attendees have the opportunity to buy any size of hot or iced coffee for only 99 cents and a 10-pack of Timbits for just $1.

The Fairburn grand opening festivities will feature complimentary Iced Capp beverage samples while stocks last, along with entertainment for children including a bouncy castle and inflatable slide, as outlined in a press release.

Katerina Glyptis, the U.S. president of Tim Hortons, expressed gratitude for the warm reception from the Columbus community and excitement about the brand's expansion in Georgia with two new restaurants in Atlanta. Highlighting Tim Hortons' 40-year presence in the U.S., Glyptis looks forward to introducing the brand to more Americans in 2024, with plans for additional restaurant openings and entry into new markets.

Glyptis also shared her delight in hearing from Tim Hortons enthusiasts nationwide eager for the brand to arrive in their neighborhoods.

Founded in 1964, Tim Hortons has grown into a global brand with over 5,700 stores worldwide.

Starbucks has revealed its latest range of ready-to-drink beverages, featuring a selection of café-inspired drinks tailored to meet the evolving tastes of consumers.

Three decades ago, Starbucks and PepsiCo played a pioneering role in shaping the ready-to-drink coffee market through the establishment of the North American Coffee Partnership (NACP).

Over the years, this collaboration has continually introduced new innovations, drawing inspiration found in Starbucks cafes and catering to the needs of on-the-go coffee enthusiasts.

The NACP is introducing a range of new offerings, including the non-dairy Starbucks Oatmilk Frappuccino Chilled Coffee Drink, alongside fresh variations of Starbucks Cold Brew and Starbucks Multi-serve Cold Brew.

Among these releases, the bottled Starbucks Frappuccino Chilled Coffee Drink now includes oatmilk and is presented in two exciting flavors.

The Starbucks Caramel Waffle Cookie Oatmilk Frappuccino Chilled Coffee Drink presents a delightful blend of oatmilk and caramel, while the Starbucks Dark Chocolate Brownie Oatmilk Frappuccino Chilled Coffee Drink combines creamy oatmilk with rich dark chocolate notes.

Starbucks Cold Brew is packaged in handy 11 oz. cans, introduces three fresh flavors inspired by popular café choices: Vanilla Sweet Cream, Chocolate Cream, and Salted Caramel Cream.

These new beverages has a unique blend of Starbucks beans chosen for their ability to brew without heat, resulting in a smooth flavor profile.

The Starbuck Cold Brew Vanilla Sweet Cream melds cream with vanilla notes, while the Starbucks Cold Brew Chocolate Cream offers a blend of cream and chocolate flavors.

Starbucks Cold Brew Salted Caramel Cream combines cream and salted caramel flavor.

Starbucks Multi-serve Cold Brew, crafted from a blend of arabica beans chosen for their ability to brew without heat, presents a balanced taste.

The Starbucks Multi-serve Salted Caramel Cream Cold Brew delivers a subtle caramel essence, hints of salt, and a touch of cream.

Meanwhile, the Starbucks Multi-serve Oatmilk Brown Sugar Cold Brew combines creamy oatmilk with the sweetness of brown sugar. These options are conveniently available in 40 oz bottles.

Starbucks has revamped its Tripleshot Energy drink with fresh appearance and offering a potent mix of Starbucks coffee infused with a Triple Blend packing 165mg of caffeine, B vitamins, and protein flavorful energy boost.

The 11 oz. cans showcase a sleek new design and come in three enticing flavors: Rich Vanilla, Bold Mocha, and Dark Caramel.

Additionally, the Starbucks Doubleshot Energy drink has undergone a makeover, maintaining its robust Starbucks coffee taste while incorporating a balanced mix of B vitamins, guarana, and ginseng.

Initially introduced in 2008, the Doubleshot Energy drink now features a new look in 15 oz cans and is available in five delicious flavors: Caramel, Coffee, Mocha, Vanilla, and White Chocolate.

New packaging designs for both ready-to-drink Starbucks Tripleshot Energy and Starbucks Doubleshot Energy beverages will be introduced to consumers.

TATA Starbucks has revealed that it is introducing two global favorites, the Starbucks Refreshers™ Strawberry Açaí Lemonade Refresher and Mango Dragon Fruit Lemonade Refresher, to the Indian market.

These iced beverages promise to redefine the summer experience for Indian consumers. These drinks are crafted to captivate taste buds with flavors from strawberry, açaí, mango, and passionfruit.

Starbucks Refreshers showcase innovation by incorporating green coffee extracts derived from unroasted arabica coffee beans.

“The introduction of Starbucks Refreshers in India, a global favorite, signifies our testament to connect with the younger generation of today, who are demanding more diverse choices and options. The innovation behind the beverages lies in the use of green coffee extract adding to the consumer’s need for seeking refreshing moments and offers a new lifestyle beverage for the Indian consumers at the onset of summe” said Sushant Dash, CEO, TATA Starbucks.

The Strawberry Acai Lemonade Refresher offers a blend of strawberries and acai berry extracts, creating a sweet and refreshing beverage complemented by subtle acai undertones.

Meanwhile, the Mango Dragonfruit Lemonade Refresher presents a unique twist on traditional mango drinks, combining mango and dragon fruit extracts with vibrant lemonade for a tropical burst of flavor.

The Starbucks Refreshers will be on offer year-round, commencing this summer and will be accessible at all stores across India with prices starting from INR 275.

Third Wave Coffee has announced a significant leadership change. Sushant Goel, the current Chief Executive Officer, will be transitioning to a role on the Board. Meanwhile, Rajat Luthra, previously the CEO of Kentucky Fried Chicken (KFC) India & Nepal under Devyani International Limited, will take over as the new CEO effective from the first quarter of the fiscal year 2024-2025.

Sushant Goel will continue to contribute to the growth and advancement of the rapidly expanding Indian coffee brand, while Rajat Luthra will bring his extensive experience to steer Third Wave Coffee towards its next phase of success.

“As CEO and Co-founder, I have had the privilege of leading the company through its formative years and I am incredibly proud of the journey that we have embarked on. The brand is ready to embark on its next leg of growth. Now, as I transition to the Board, I am excited to continue contributing towards our vision and growth from a different vantage point. Rajat is a veteran in the QSR industry, and I am filled with optimism on what the future holds for Third Wave Coffee under his stewardship.” said Sushant Goel, Co-founder & CEO, Third Wave Coffee.

Since its establishment in 2016, Sushant, alongside co-founders Ayush Bathwal and Anirudh Sharma, has effectively expanded the company to over 100 outlets across India.

Serving as CEO, Sushant played a pivotal role in shaping the company's business strategy and establishing strong connections with investors.

Now, transitioning to a board member role, Goel will persist in directing the company's strategic trajectory and innovating new ventures for Third Wave Coffee.

Rajat Luthra, the recently appointed CEO, brings almost thirty years of substantial experience in the Fast-Moving Consumer Goods (FMCG) and Quick Service Restaurant (QSR) industries.

Over the past decade, he has held the position of CEO at Kentucky Fried Chicken (KFC) India & Nepal, operating under Devyani International Limited.

Since its inception in 2016, Third Wave Coffee has experienced rapid growth, evolving from a single-store roastery in Koramangala to a network of over 100 stores spanning 8 cities throughout India.

Within a brief timeframe, the company has ascended to become one of the foremost coffee brands in India, actively competing with international giants in the market. Notably, Third Wave Coffee recently secured US$ 35 million in Series C funding, with Creaegis and existing investor WestBridge Capital participating in the investment round.

Starbucks introduces two  new drinks to celebrate the arrival of spring: the Iced Lavender Cream Oatmilk Matcha and the Iced Lavender Oatmilk Latte.

The fresh addition, Iced Lavender Cream Oatmilk Matcha, highlights Starbucks' velvety matcha and oatmilk blend, and finished with a lavender-infused cream cold foam, adding a sweetness with floral undertones.

The freshly introduced Iced Lavender Oatmilk Latte melds Starbucks® Blonde Espresso's smooth with oatmilk's creamy texture, served over ice and infused with the floral hints of lavender. It's also offered in a hot version for those who prefer warmth.

The newly introduced beverages can be found in U.S. Starbucks outlets for a limited duration during this season.

abCoffee has finalized its Series A funding round, amassing $3.4 million USD. Nexus Venture Partners spearheaded the investment, accompanied by ongoing supporter Tanglin Venture Partners.

The capital raised will empower abCoffee to expedite enhancements in its supply chain and technological infrastructure, facilitating the delivery of on-demand coffee beverages at reduced costs and faster turnaround times.

Founded in 2022 by Abhijeet Anand, a graduate of IIT Dhanbad with more than eight years of experience at Schlumberger, a prominent multinational in the oil and gas sector, abCoffee reflects his robust entrepreneurial drive and comprehensive grasp of various business facets. The inception of abCoffee stems from Anand's vision to democratize specialty coffee consumption.

"We are thrilled to partner with Nexus Venture Partners and receive continued support from Tanglin Ventures in our mission to make specialty coffee accessible and enjoyable for everyone in India. We continue to remain extremely capital efficient, leverage supply chain optimization and continue to innovate new products for the masses,” said Abhijeet Anand, Founder & CEO of abCoffee.

“abCoffee's commitment to making specialty coffee accessible to the masses resonated strongly with us. Their innovative tech model, coupled with their focus on high-quality, ethically sourced beans and efficient brewing methods, allows them to offer premium coffee experiences at surprisingly affordable prices. We believe this unique approach has the potential to disrupt the Indian coffee market and make premium coffee beverages a mainstream beverage enjoyed by everyone." said Suvir Sujan, Managing Director at Nexus Venture Partners.

Coffee retains its stature as a global beverage, with the Indian coffee market projected to attain a value of $2.30 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 12.5%.

abCoffee stands out in its ability to leverage this growing demand, presenting premium specialty coffee via its convenient, effective, and pioneering grab-and-go outlets.

abCoffee opens 25 outlets within a span of 20 months. All 25 outlets are company-owned and operated, showcasing remarkable expansion.

With a vision to make premium specialty coffee accessible across the nation, the brand aims to reach 150 stores by the end of 2024 through its innovative QSR approach.

The brand has another 25 outlets pipeline ready and plans to reach 50 outlets milestone by April 2024.

"This rapid expansion underscores our unwavering commitment to delivering exceptional coffee experiences at honest prices, coupled with a dedication to building strong community connections. We are proud of truly creating a coffee brand by Indians, for Indians and from India.” said Abhijeet Anand, Founder and CEO of abCoffee.

Moreover, abCoffee nurtures community ties by strategically situating its outlets throughout Mumbai and Delhi, including corporate parks, residential areas, and bustling high streets, thereby establishing coffee hubs within neighborhoods.

This commitment to engaging with the local community is also evident in their collaborations with cultural events like Jio MAMI and EUFF India.

Nothing Before Coffee (NBC) is a quick-service restaurant (QSR) brand and India's rapidly expanding coffee chain, has declared the inauguration of its 50th outlet in Malviya Nagar, New Delhi.

The brand is founded in 2017 by Akshay Kedia, Anand Jain, Ankesh Jain, and Shubham Bhandari.

"As we embark on this monumental milestone, we are filled with gratitude for the unwavering support from our cherished patrons. The launch of our 50th outlet is not just a numerical achievement; it's a testament to our commitment to crafting exceptional coffee experiences. Our vision is to become the household name for coffee and beverage cafes in Tier 1 & Tier 2 cities of India and beyond, offering a convenient and delicious coffee experience. We believe in the power of coffee to bring people together, and we're excited to share that with our customers," said Akshay Kedia, Founder & CMO of Nothing Before Coffee.

Nothing Before Coffee has presently  50 stores, with an addition of 25 new outlets in the fiscal year 2023-24 thus far.

As the leading coffee chain, NBC operates in 26 cities and has expanded into 8 new cities this year, marking the highest-ever store addition.

Looking ahead, NBC aims for rapid expansion in the forthcoming years. To facilitate this growth, NBC has entered a collaboration agreement with Building Brands for Tomorrow (BBFT), renowned for its expertise in restaurant franchising and startup growth consulting.

"The market is experiencing a significant demand for reasonably priced coffee, with very few brands catering to this segment on a nationwide scale. It fills me with great joy and pride to witness and support NBC's transformation from nonexistence to prominence!Moving forward, the aim is to expand and enhance NBC's presence across the entire Indian landscape,” said Rohit Singh, Founder of Building Brands for Tomorrow (BBFT).

The menu has over 100 crafted beverages, including the famed 'Shrappe' a delightful fusion of frappe and shake.

The brand's fundamental principles, such as providing exclusively vegetarian choices, adopting the ethos of 'global quality, local pricing,' and serving patrons across all age brackets, have firmly established its dominance in the quick-service restaurant (QSR) sector.

TATA Starbucks reveals the introduction of a special edition Guatemala Cold Brew aged in whiskey barrels at its reserve store in Mumbai.

This barrel-aged coffee employs an exceptional batch of Guatemalan green coffee beans is nurtured during the aging period within Knob Creek® Kentucky Straight Bourbon Whiskey barrels.

Once the beans achieve optimal flavor, they are extracted from the barrels and roasted by Starbucks master roasters.

The high temperatures during roasting eliminate any remaining alcohol, yet the whiskey and barrel infusing the roasted coffee with a heightened profile.

This method results in a cup that surpasses the individual elements, featuring a gentle sweetness chocolate undertone with hints of stone fruit and oak.

“Our Whiskey Barrel-Aged Guatemala Cold Brew truly celebrates innovation in the specialty coffee space and our commitment to bring unique coffee, this coffee is first of its kind to be launched in India for a limited period” said Sushant Dash, CEO, Tata Starbucks.

This exclusive beverage will be available at Starbucks Reserve in Fort, Mumbai.

Starbucks India joins forces with Manish Malhotra to unveil an exclusive line of limited-edition lifestyle drinkware, available only in India.

This collection aims to honor Starbucks' commitment to enhancing the everyday coffee-drinking experience, personalized for consumers and infused with the distinctive craftsmanship of the renowned fashion designer.

“My aim was to design something deeply rooted in India while complementing the iconic tradition that Starbucks is renowned for. Kashmir holds a special place in my heart, serving as both a personal connection and a cornerstone of my brands’ identity. In crafting a signature collection for my collaboration with Starbucks, my aim was to seamlessly integrate the beauty and craftsmanship of Kashmir into everyday moments. The decision to use gold as a prominent colour in my designs’ stems from its powerful statement and resonance with my brand’s aesthetic. Gold, much like the intricate art and craft of Kashmir, embodies a sense of opulence and timelessness,” said Manish Malhotra.

Over time, Starbucks has engaged in global collaborations with renowned brands, presenting a range of collectibles that provide consumers with access to international style, glamour, and fashion.

The partnership with Manish Malhotra is set to deliver an unparalleled experience for enthusiasts of coffee, art, design, and fashion alike.

The collection comprises stoneware ceramic mugs, stainless steel tumblers, and reusable cups. Inspired by Kashmiri motifs, the design features traditional floral techniques rooted in the cultural heritage of the region.

Incorporating the signature Kashmiri embroidery from the Manish Malhotra brand, the cups and tumblers showcase intricate patterns with cultural significance.

The color scheme incorporates black, gold, white, and carmine, seamlessly blending traditional craftsmanship with contemporary style.

“At TATA Starbucks, we have always believed in the power of design, art and community in sharing elevated experiences for coffee-lovers across India. From our stores to our packaging – each touchpoint at Starbucks is testament to this thought. As we continue to lead growth in India, we are thrilled to partner with Manish Malhotra. Mr. Malhotra is one of India’s most prominent voices in fashion and has played a pivotal role in the country’s approach to style. We hope this collaboration elevates our consumer’s daily cup of coffee with Manish Malhotra’s inimitable design language,” said Sushant Dash, CEO, TATA Starbucks.

This collaboration emphasizes the artistry and natural influences from Kashmir, enhancing the coffee experience by seamlessly merging global aesthetics with local heritage.

Third Wave Coffee and Ironhill India have teamed up to create a unique and inventive experience for coffee and beer lovers.

With this partnership, the companies will offer customers a blend of high-quality coffee and craft beer.

"Our collaboration with Ironhill represents a convergence of passion and craftsmanship. We set out to create a beverage that transcends boundaries, offering patrons an unparalleled sensory journey. The result is a stout that marries the boldness of quality coffee with the artistry of craft beer, delivering a truly exceptional drinking experience." said Anirudh Sharma, Co-founder, Third Wave Coffee.

Initially accessible in Ironhill Bangalore and subsequently in Hyderabad, this partnership arises from a mutual acknowledgment that the varied tastes of beer enthusiasts warrant a distinctive fusion, uniting the luxurious notes of premium coffee with the artistry of handcrafted beer.

"At Ironhill, we have always strived to push boundaries and create unique offerings for our customers. Teaming up with Third Wave allows us to delve into uncharted territories, introducing a blend of flavors that hasn't been explored before. We are confident that this collaboration will resonate with our patrons who appreciate quality and innovation." said Teja Chekuri, Co-Founder and Managing Partner, Ironhill India.  

The outcome is a menu featuring a carefully chosen array of beers infused with coffee, each meticulously crafted to provide a unique flavor.

This collaboration marks a new chapter in the brewing landscape, where coffee and beer aficionados can come together to savor the best of both worlds.

Barista Coffee celebrates a major achievement with the inauguration of its 400th café in Delhi.

The strategic placement of this store at Rajiv Chowk Metro Station not only signifies a pivotal moment in 2023 but also lays the groundwork for the brand's trajectory in 2024.

“We are overwhelmed to achieve this milestone of opening our 400th café for our guests as 2024 begins. As we expand our presence and strengthen our network reach, the key focus is on guest engagement and consistency in our services. Rajiv Chowk is a unique location which showcases the brand to a larger universe which commutes through the metro network, I am sure this would become a preferred place for travelers as a perfect meeting hub.” said Rajat Agrawal, CEO Barista Coffee.

The fresh establishment is poised to emerge as a preferred spot for both residents and travelers alike, offering a compelling destination experience.

Pret A Manger is renowned for its freshly prepared meals and organic coffee, has revealed its recent expansion into Delhi NCR.

Following the launch of its initial store at Select Citywalk in Saket, they've inaugurated outlets in Punjabi Bagh Club Road, M3M Sector 66 Gurugram, Aerocity, and Cyber Hub.

Pret a Manger is known for selecting each location with care, aiming to provide a unique and pleasant coffee experience for enthusiasts.

They offer a variety of thoughtfully crafted coffee blends, from rich lattes to intense espressos.

Their menu includes a range of options like baguette sandwiches, salads, wraps, soups, and beverages.
 

Dunkin', is renowned international coffee and bakery chain famous for its 100% premium Arabica coffee and delightful selection of bakery items like donuts and ready-to-eat snacks, has declared the inauguration of its inaugural Lucknow outlet.

Dunkin' has over 13,500 locations across 50+ countries that merges aspiration and accessibility, recognized for its vibrant orange branding, taste, and relaxed store atmosphere.

Dunkin's success stems from its globally inspired menu, captivating the young at heart, with recent additions like the Dunkachino range and Christmas pudding Donut.

Dunkin's latest store aims to transcend the typical coffee destination.

Elevating the customer journey, the brand enriches experiences through engaging store environments while ensuring convenience through delivery and takeaway services.

As the brand further extends its footprint in India, the Lucknow outlet at Lulu Mall signifies another significant achievement in Dunkin's Indian venture, contributing to its triumph in presenting a delightful fusion of global and regional culinary delights.

Barista Coffee Company Limited unveils its winter special menu. The winter drink collection harmonizes warming flavours that signifies the essence of the season.

The beverage menu ranges from from Apple Pie Frappe to the Caramel Almond Praline Latte.

Alongside the winter drinks, Barista is featuring the Signature Wrap Festival. The wraps include spicy Paneer Paprika to Chicken Rogan Josh and many more. 

“We are delighted to bring innovations to our newly launched winter menu, a celebration of the holiday season and culinary creativity. We believe in creating experiences that go  beyond coffee, and this season, we invite our customers to indulge in the warmth and flavor of our specially  curated wrap festival." said Rajat Agrawal, CEO of Barista Coffee.

These newly launched beverages are available at all Barista outlets across India. The brand has over 390 outlets in both India and Sri Lanka, spanning across 120 cities.

Costa Coffee, the coffee brand under Coca-Cola has announced its annual Diwali campaign, #CostaWaliDiwali, in partnership with the baker and content creator, Shivesh Bhatia.

Their combined effort introduces a Diwali-themed menu for coffee that blends with the Diwali traditions with Costa Coffee's contemporary and inventive approach. 

Costa Coffee has introduced the Blisstachio Rose beverage series like the Blisstachio Rose Hot Latte, the invigorating Blisstachio Rose Iced Cappuccino and the tempting Blisstachio Rose Boba Frappe that draws inspiration from classic Indian sweets.

“At Costa Coffee, we are dedicated to embracing and celebrating cultural richness through our coffee. This Diwali, our collaboration with Shivesh Bhatia for the launch of Blisstachio Rose collection showcases our commitment to crafting unique experiences for our consumers. The skilful fusion of tradition with contemporary creativity builds a symphony of flavour that celebrates the richness of Diwali in every cup.”

Costa Coffee has partnered with the highly skilled graphic design student, Shamon Sachdeva, hailing from Anant National University, to design stunning Diwali-themed coffee cups.

Shamon's talent weaves compelling visual stories, turning traditional diya flames into coffee beans, paying homage to Costa Coffee.

I am thrilled to be joining hands with Costa Coffee for an exciting festive range of beverages. Creating this range using flavours that hold a special place in my heart that I have enjoyed growing up has truly been a fulfilling experience. From brainstorming ideas to conducting trials and finally witnessing the Blisstachio Range launch, it has been an absolute joyride to spread festive cheer among people with the best of drinks.”

Costa Coffee has unveiled its 150th store in New Delhi. As part of its continuous growth strategy, Costa Coffee aims to establish additional establishments in the top 8-10 major Indian cities, to expand and enhance its footprint throughout the nation.

Third Wave Coffee has announced the opening of its 46th store within the Phoenix Mall of Asia in Bangalore.

This event occurred in one of the largest malls in Asia and marked an achievement as it became the 109th outlet for Third Wave Coffee in India.

The store's inauguration was led by Ayush Bathwal, one of the co-founders of Third Wave Coffee, along with Manish Singh, Group Director and Head of Retail Leasing at The Phoenix Mills Ltd., and Basil Mathew, Senior Vice President of Leasing at the Phoenix Group.

 “Our new cafe is a step forward in our commitment to expand our footprint across India and bring the best coffee brews and food offerings to the growing community of coffee lovers throughout the country. With the launch of our new store, we are excited to bring our unique coffee blends and food offerings to more people in Bangalore and to share our passion for coffee with them. We are committed to providing our customers with the best possible coffee experience and to making specialty coffee more accessible to everyone.” said Sanjay Patil, Senior Vice President, Projects, Third Wave Coffee.

The menu features exclusive Limited-Time Offerings like Swiss Mocha Toffee Nut, assorted bagels, and Choco-Bliss Pancakes.

Additionally, the café has a designated retail area where patrons can acquire coffee beans, brewing apparatus, and various coffee-related products.

This marks the first inaugural opening following the successful completion of the $35 million Series C funding round.

Costa Coffee, coffee brand under Coca-Cola in India's commercial beverage sector has declared the inauguration of its 150th store in Rajouri Garden, New Delhi.

In 2005, Costa Coffee marked its entry into the Indian market by inaugurating its very first café in Connaught Place, New Delhi, marking the initiation of its Indian journey.

In the past year, in collaboration with Devyani International, Costa Coffee embarked on a substantial expansion initiative in India, introducing around 60 new stores.

Brand’s ongoing objective is to establish new outlets in the top 8-10 cities in India, with a particular focus on specialized locations such as airports, highways, and healthcare facilities.

India's coffee sector is undergoing a fascinating transformation, with a growing emphasis on specialty coffee and premium offerings, particularly driven by urban millennials who have transformed coffee shops into vibrant social spaces.

This shift is particularly noteworthy in a nation traditionally associated with tea culture.

The 150th Costa Coffee outlet exemplifies Costa Coffee's dedication to offering artisanal coffee crafted from locally sourced ingredients. 

“India is a key market for us globally and we are proud to commemorate the opening of our 150th store. This milestone truly highlights the overwhelming love and support we have received from coffee enthusiasts across India. Our aim is to extend our presence to every corner of the nation, and we remain committed to achieving this vision through our continuous expansion efforts, ensuring remarkable coffee experiences for all." said, Vinay Nair, General Manager, India & Emerging Markets, Costa Coffee.

Costa Coffee offers a diverse menu featuring a selection of distinctive coffee creations, including popular choices like the Flat White, Classic Corto, Café Caramela, and more, all prepared using locally-sourced coffee beans.

Third Wave Coffee, a fast-casual coffee and dining chain, has successfully secured $35 million in a Series C funding round, with Creaegis taking the lead and existing investors also contributing.

The company plans to utilize this capital for nationwide expansion, strengthening its supply chain, improving its operational capabilities, and making strategic investments in technology.

"We are thrilled to have Creaegis lead our Series C fundraise with participation from our existing investor Westbridge Capital and angel investors like SujeetKumar . We believe that the coffee-first QSR industry is one of the fastest growing consumer categories in the country. We have grown 5x through the last year and strategically expanded our footprint across the nation. Going forward, we will continue to double down on technology and product innovation to deliver a superior cafe experience across the country.” said, SushantGoel, Co-founder, and CEO.

Incorporated in 2017 by Ayush Bathwal, Anirudh Sharma, and Sushant Goel, the company has seen substantial growth, now operating a network of over 100 stores in tandem with India's booming coffee and food sector.

“Third Wave Coffee is emerging as one of India’s most loved brands, answering to the country’s aspirations. We are excited to support the management team in their next phase of growth, using a digital first approach to build an iconic Indian company.” said, Prakash Parthasarathy, Managing Partner & CEO and NitishBandi, Partner, Creaegis.

In May 2022, WestBridge Capital took the lead in a $21 million Series B funding round for the company, with participation from prominent angel investors.

"We have been quite impressed with the tremendous traction and customer love that Third Wave Coffee has generated across major cities in India.  We are excited to strengthen our partnership with the company and work towards scaling both the footprint and customer experience manifold." said, Sandeep Singhal, Managing Partner, WestBridge Capital.

Third Wave Coffee has established its presence in numerous key Indian urban centers, encompassing Bangalore, Mumbai, Delhi, Gurgaon, Pune, Hyderabad, Noida, Coonoor, and Chandigarh.

The brand has a network of over 100 cafes and recently celebrated its seventh anniversary.

India's specialty coffee chain, abCoffee, disclosed today that it has secured $2 million in seed funding. Leading the investment is Tanglin Venture Partners, with additional support from 100X.VC, Panthera Peak, OTP Venture Partners, and several angel investors.

“This investment will enable us to accelerate our growth and bring our unique coffee experience to more neighborhoods across India. In the coming, 8-12 months, we keep the same momentum of growth; ensuring people are at heart of everything and bring the abCoffee’s specialty coffees to India’s new neighborhoods.” said, Abhijeet Anand, Founder and CEO of abCoffee.

The capital infusion will enable abCoffee to bolster its technological infrastructure, diversify its product offerings, and extend the reach of its budget-friendly specialty coffee through its retail grab-and-go outlets across India.

In 2022, abCoffee was established with the goal of democratizing specialty coffee, aiming to increase its accessibility.

“As the first investors in abCoffee, we are delighted with the rapid growth that abCoffee has been able to achieve. In a burgeoning market, abCoffee has the perfect mix of the right product, strong team and proper positioning to propel them into becoming a leading coffee brand in India in the coming years”, said, Ninad Karpe, Founder & Partner, 100X.VC.

The company provides an extensive selection of freshly brewed coffee options, all reasonably priced, and sourced from top farms in Chikmagalur.

“The initial traction in Mumbai/Delhi across their numerous outlets has been phenomenal and the next 8-12 months promises to be extremely exciting. We are delighted to back abCoffee” said, Nikhil Bhandarkar, Founder & MD Panthera Peak Capital.

The company's main office is located in Mumbai.

 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.

abCoffee, the inaugural tech-driven and cost-effective specialty coffee chain in India, has unveiled its entrance into Gurgaon.

It is situated in DLF Cyber Greens, Cyber City Gurgaon, this expansion signifies a move in consolidating the brand's footprint in Northern India, delivering an extensive selection of freshly brewed specialty coffees at highly competitive rates.

The distinctive grab-and-go style of the chain enables customers to swiftly order a cup of freshly brewed coffee. Starting at INR 77, which is one-third of the cost of coffee at other high-end specialty coffee chains.

"We're pleased to open our first deck (outlet) in Gurgaon. It's an important step as we expand across India. Our goal is simple: to offer customers a great coffee experience at honest prices. We genuinely believe that everyone should savour a great cup of coffee without breaking the bank. We stick to our commitment to our guests: Brew India’s best grown coffees at honest prices making specialty coffee accessible to all of India.” said, Abhijeet Anand, the founder of abCoffee.

The recently opened Gurgaon branch will present a wide-ranging menu of freshly brewed coffee options, encompassing popular choices such as espresso, cappuccino, cortado, mocha, iced Americano, and Frappuccino.

Additionally, customers will have the option to pick from an assortment of pastries and snacks to enhance their coffee enjoyment.

The company's main headquarters are situated in Mumbai.

Barista Coffee has unveiled the launch of 9 new stores in August 2023.

This represents the company's growth beyond its current network of over 380 stores, reaffirming Barista's position in India's coffee culture.

"We are thrilled about our ongoing growth and the opportunity to introduce meticulously crafted brews to new communities. Our objective is to provide a welcoming ambience and a consistent F&B experience to our guests at maximum points." said, Mr. Rajat Agrawal, CEO of Barista Coffee Company.

The newly established outlets have been placed in a range of cities, including Bhawanigarh and Sangrur in Punjab, Bachhuan in Punjab, Jeowal in Punjab, Hansi and Hissar in Haryana, Hissar and Hansi Highway in Haryana, Gwalior in Madhya Pradesh, Shimla in Himachal Pradesh, Amazon Gurugram in Haryana, Delhi Airport T-1D in Delhi, and Shivaji Park in Mumbai.

The company's goal is to reach a total of 500 stores within the next 18 to 24 months.

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.

Blue Tokai Coffee Roasters, India's leading specialty coffee brand, revealed the introduction of the fourth installment of their highly cherished special coffee selection, known as the Producer Series.

The Producer Series, as its name implies, is a tribute to the endeavors of India's visionary coffee producers who are exploring inventive processing methods to craft distinct coffee varieties.

These special coffees are cultivated in small batches, subjected to diverse experiments at the farm level, and then undergo a gentle roasting by Blue Tokai's in-house experts to accentuate their exceptional fruity and floral characteristics, all before reaching the hands of customers.

During the past ten years, Blue Tokai has been actively collaborating with more than 70 coffee producers in India to introduce the nation's top-quality coffees to a global audience.

The Producer Series serves as a platform that not only showcases these enduring partnerships but also signifies the rising interest in coffee experimentation and the expanding community of specialty coffee enthusiasts within India.

Just like Blue Tokai's other roasted coffee offerings, all the batches of 'Producer Series 2023' will be accessible in various grind options, ensuring they are suitable for any brewing method that consumers may favor.

Third Wave Coffee (TWC) introduced its 19th coffee shop in Chembur, Mumbai.

This new inclusion to the Third Wave franchise aims to revolutionize the café encounter and bring joy to the palates of both coffee aficionados and food lovers.

The decision to opt for this location was guided by the area's bustling ambiance and rich gastronomic diversity.

"This café is located in a premium neighbourhood in Chembur, one of the largest suburbs of Mumbai. It is a corner store with great visibility through an open façade, offering a large number of seating options indoors or outdoors said, Varun Kapoor, Director of Operations, TWC.

The café's interior design combines contemporary beauty with timeless allure, immersing patrons in an atmosphere that embodies the essence of Third Wave Cafe.

Varun Kapoor, Director of Operations at TWC, further mentions, "Furthermore, we have plans to initiate sip & paint gatherings and coffee brewing workshops for our patrons, activities that are regularly organized across all our branches."

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.

In FY23, Tata Starbucks has achieved a remarkable growth of 71%, crossing the Rs 1,000 crore revenue mark for the first time.

Tata Consumer Products announced in their earnings release that the year was significant for their business, as they were able to achieve a top line in the four-digit range.

The company's net sales for the year amounted to Rs 1,087 crore, and according to its earnings presentation, the business earned a positive earnings before interest and taxes (EBIT) for the year. The company acknowledged that the growth in top line for the financial year was measured against a base that had been affected by the pandemic.

Tata Starbucks achieved a revenue growth of 48% in the January-March quarter. During FY23, the coffee chain expanded by opening 71 new stores and entering 15 new cities, which is the highest-ever annual store addition, bringing its total store count to 333 across 41 cities.

According to the company's presentation, the My Starbucks Rewards loyalty program experienced a year-on-year growth of 100%, surpassing 2.3 million members.

Tata Starbucks stated its intention to rapidly increase its presence in the coming years, and to achieve this, they aim to improve their relevance to a wider range of consumer segments. The company also noted that pilot stores had shown improved operating metrics.

The company conducted a pilot program across four cities in 2022, which included introducing familiar options in the beverage menu, revamping the food menu, refurbishing store interiors, and adding a piccolo size to its hot beverage offerings. These initiatives will be implemented nationally in 2023.

In 2012, Starbucks made its entry into the Indian market by opening its first store in Mumbai, through a joint venture with the Tata Group.

The renowned Indian Coffee House (ICH) has recently launched its first outlet in Panchkula, located in Sector 20.

The new branch has a seating capacity of 50 and marks the heritage restaurant's third location in the Tricity region.

This eatery is recognized for its reasonably priced meals and a menu featuring both traditional South Indian dishes and popular international fare.

The establishment employs a total of 15 staff members and two chefs, who come from Himachal Pradesh and Uttarakhand.

The menu at this location is identical to other branches of the restaurant across the country, with no difference in pricing.

“The decision to open a new branch in Panchkula was based on customer demand in the area, as the Sector 17 location was relatively far away and often resulted in long wait times for seating. The management has pledged to uphold the restaurant's high standards for food quality and atmosphere, ensuring that customers receive an exceptional dining experience” said Biju KT, Manager ICH

Since opening on February 1st, the new establishment has been attracting about 100 customers each day, with a particular interest from families and older individuals. The outlet is open seven days a week, from 9 am to 10 pm.

The Indian Coffee House is a chain of coffee shops with a significant cultural heritage that dates back to the early 1940s when India was under British rule.

 It has a long and storied past, playing a key role in Indian culture by offering not only coffee but also a unique insight into the country's history.

Starbucks Coffee Company has promoted Leo Tsoi to chief executive officer of Starbucks China.

Serving as Starbucks China’s chief operating officer and president of Starbucks Retail for the last five years, Tsoi has led efforts to grow Starbucks footprint across the Chinese mainland to 5,200 stores across more than 200 cities today.

He has engineered the development of a robust and diversified store portfolio by pioneering new store concepts, which have influenced new coffee-inspired lifestyles and further elevated third place experiences for Starbucks customers in China.

As one of the leading architects behind Starbucks China’s phenomenal growth since he rejoined the company in 2012, Tsoi previously served in various leadership positions, including vice president of North China region, chief marketing officer, and vice president of Store Development and Design, making many important contributions to strengthening Starbucks coffee leadership and elevating the Starbucks Experience.

“Leo has relentlessly pushed the envelope on innovation in China where customer loyalty and love for the Starbucks brand is unmatched,” said Kevin Johnson, president and ceo, Starbucks Coffee Company by adding that he has a great confidence in Leo’s ability to continue building the relationships the brand has with Chinese customers.

With Tsoi’s promotion, Molly Liu is being elevated to chief operating officer of Starbucks China. Liu is a nine-year partner (employee) responsible for leading the development of Starbucks China’s Digital Ventures business, a leading growth engine for the company.

With these promotions, Belinda Wong will continue to serve as chairman of Starbucks China, focusing her attention toward delivering a holistic, long term strategy for Starbucks in the market, driving innovation through Starbucks Siren Ventures in China and other partnership opportunities, as well as elevating social impact in local communities through the Beijing Starbucks Foundation.

“Starbucks success in China today would not have been possible without Belinda’s visionary leadership over the past decade, leading the company to achieve unprecedented growth and transformation with her courage, steely determination, and deep passion for Starbucks and our partners,” said Johnson.

These appointments are effective October 1, 2021.

Emart that is owned by retail giant Shinsegae Group, and also holds a 50 percent stake in Starbucks Korea, is in talks to buy the remaining 50 percent held by the Starbucks global.

As per reports, Shinsegae’s hypermarket chain unit Emart is reportedly seeking to raise its stake in the Korean unit of Starbucks from the current 50 percent to 70 percent while Singapore’s sovereign wealth fund GIC will buy a 30 percent stake.

While revealing the ongoing negotiation with Starbucks Coffee International in a regulatory filing on Monday, the retail giant also mentioned that nothing has been fixed.

However, market onlookers expect the deal to close as early as this week, with GIC mulling to pay some 800 billion won ($693 million) for the 30 percent stake.

The deal, which values Starbucks Korea at about 2.7 trillion won, might entail an initial public listing within four or five years as part of GIC’s condition for investment, as per reports by KoreaHerald.

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.

American doughnut and coffee chain Krispy Kreme on Tuesday shared that it has confidentially filed paperwork related to a public offering of its stock with the Securities and Exchange Commission.

The number of shares that will be offered and their price range has not been determined, the company said, adding that the IPO is expected to happen after the SEC completes its review, reported CNN.

Krispy Kreme is also working to remodel its stores in recent years and has also opened lavish locations offering its wide-variety of menu.

It also opened a 4,500-square-foot store in New York City's Time Square with a glaze waterfall, a 24-hour street-side pickup window, exclusive merchandise and a doughnut-making theater that produces 4,560 doughnuts an hour.

Last month it also announced that customers who have been vaccinated against Covid-19 can get a free doughnut each day through the end of the year.

Krispy Kreme was purchased by JAB Holding Company, a private firm that invests in food and beverage brands in 2016.

Starbucks has announced plans to hire 400 new staff members in the UK to address the demand as the Covid-19 pandemic restrictions are eased.

Media agencies reported that the coffee chain anticipates a busy summer period.

Starbucks plans to hire new members across a number of towns and cities around the country including Aberdeen, Cardiff, Coventry, Winchester, Sheffield, Leeds, Dundee, Birmingham, Derby and Newcastle.

They will be recruited for various positions which will be available in nearly 200 sites that include city-centre, suburban high street and drive-thru locations.

Starbucks currently employs 3,664 staff across the UK. The coffee chain has expanded its drive-thru and delivery options as the public health policy restricted dine-in options.

Starbucks UK general manager Alex Rayner told media sources: “It has been incredibly difficult to be a high-street retailer in the last year as the Covid-19 pandemic has placed operating restrictions on our business which have impacted our profitability dramatically.

“But our priority the entire time has been to keep our people employed, avoid making redundancies in our company-operated stores and be prepared to safely re-open as restrictions ease.”

After Covid-19 hit the company’s operations, it did not make any redundancies or take furlough support.

Last month, Starbucks announced financial results for its 13-week fiscal second quarter ended 28 March 2021.

The company’s global comparable store sales increased 15%, driven by a 19% increase in average ticket, partially offset by a 4% decline in comparable transactions.

In the second quarter, the company opened five net new stores yielding 3% year-over-year unit growth.

At the closing period, the company had 32,943 stores globally, of which 51% company-operated and 49% were licensed.

Harnessing the plant-based revolution, Starbucks has announced the launch of its new dairy free addition to its menu across outlets in India  - Oat Milk.

Addition of oats is an extension of the coffee major’s already existing variety of plant-based choices such as almond & soy.

Embracing an additional dairy free alternative in the menu highlights a positive shift in consumers demand for healthy alternatives and Starbucks’ unwavering commitment to support India’s plant based movement by offering delicious diet-inclusive choices.

This new non-dairy alternative is perfect for plant-based and dairy-conscious consumers.

Coffee aficionados can treat their taste buds as the favourite neighbourhood store has also introduced an array of delightful limited-edition oat based beverages such as Oats Cocoa Macchiato, Iced Oats Cocoa Macchiato & Oats Cocoa Frappuccino®. These plant-based offerings pair perfectly with Starbucks handcrafted beverages, providing a wholesome experience to all its fans.

Starbucks is present across 17 cities in India with 217 stores and through a network of over 2,000 passionate partners (employees).

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.