Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 07 2015

Cocoberry to open 100 outlets in two years

With more and more Indian people becoming familiar with frozen yogurt, Cocoberry Restaurants & Distributors Pvt Ltd is planning to open 100 outlets in two years.

Cocoberry to open 100 outlets in two years

With more and more Indian people becoming familiar with frozen yogurt, Cocoberry Restaurants & Distributors Pvt Ltd is planning to open 100 outlets in two years. At present, brand has 31 outlets in the country and looks forward to open a mix of franchise and company-owned stores. The brand is considering franchising in markets where it is not present.

Talking about the frozen yogurt industry, Rahul Deans, CEO of the company, says, “The industry is still at a nascent stage. There are barely 75 outlets across India, across 20 odd brands, of which we have 31. The category has seen a lot of churn. After a large number of players entered the market in 2012, several have exited or scaled down their ambitions, but new players have entered. I expect the frozen yogurt category to show strong growth over the next few years, as the market is simultaneously seeing high growth of several enabling factors like the continued double digit growth of the overall ice-cream and frozen desserts category. Though we are the category leader, we expect to double our outlets over the next year.”

He further shares, “There is an ongoing shakeout in this category and customer acceptance is reaching a tipping point, at least in the main markets like NCR and Mumbai.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Established in 2013, Shawarma Factory is India’s top rated Shawarma..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 140
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Mobile & Communication/Internet Connections
    About Us: Smart retailing starts with Smartdukaan. Smartdukaan is India’s first tech-led..
    Locations looking for expansion Uttar pradesh
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar pradesh
  • Grocery Stores
    Street24 is the fastest-growing chain of convenience stores in India...
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Women's Clothing
    Jaya Shree Textiles, a part of Aditya Birla Group is..
    Locations looking for expansion Haryana
    Establishment year 1950
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities