Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 20 2014

Starbucks is increasing authorised capital in India unit

In a move to maintain its rapid expansion, Tata Beverages has proposed to increase the authorised capital by Rs 130 crore.

Starbucks which entered India with 50-50 joint venture with Tata Beverages is increasing authorised capital in the country to Rs 350 crore to maintain its rapid expansion drive. The coffee chain has proposed to increase its authorised capital by Rs 130 crore.

Not only this Tata Starbucks is planning to open 50 outlet in the Indian portfolio and is currently present in six cities — Mumbai, Delhi NCR, Bangalore, Pune, Chennai and now Hyderabad. 

Speaking on the expansion plans, John Culver, Group President, Channel Development and Emerging Brands, Starbucks China and Asia Pacific, said, “We remain deeply excited about our journey in India and we will continue to deliver on our promise of offering an unparalleled coffeehouse experience to every customer, every time they visit our stores as well as nurturing our biggest assets — our partners.”

Comment
Related opportunities
  • Casual dine Restaurants
    About: Established in 2009, Roti Aur Boti is a concept-based QSR..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Punjabi Chaap Corner well known as PCC founded in..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: With renowned success of Above & Beyond and Patch..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Bars, Pubs & Lounge
    About Us: If you have heard the words “on top of..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities