Austria’s Coffeeshop Company to open 100 stores in India by 2029
Austrian brand Coffeeshop Company is set to expand significantly in India. The company plans to open 100 stores by 2029, making India its largest market. This expansion is driven by India's growing coffee consumption and a burgeoning cafe culture....
The brand has tied up with Franchise India to enter the market.
“Our biggest market in terms of the number of stores is Russia but I am sure that it will be overtaken by India. India. If you take a look at the consumption of the coffees in India, it's still very low per capita. It is growing dynamically,“ said Alcanov.
According to the World Coffee Portal, the Indian branded coffee shop market grew by 12.7% over the last year and is forecasted to exceed 10,000 outlets by 2030, representing a robust five-year CAGR of 13.2%. As the fastest-growing market in the Asia-Pacific region, India is witnessing a café revolution driven by a young, urban population seeking premium hospitality experiences.
“We are already in advance stages of talks to open store across multiple cities. People are frequenting cafes more than they were doing 5 years back, the cafe culture in India is evolving and now is at a tipping point,” said Sonya Chowdhry, Managing Director at Franchise India.
The brand currently operates in 7 countries with over 100 stores.
Coffeeshop Company, backed by its parent, the Eatery Group, and the TheophilGroup, offers franchisees access to over five decades of in-house expertise in roasting, beverage innovation, and proprietary machine technologies.
Coffeeshop Company is targeting growth in major metros including Delhi, Gurgaon, Mumbai, Bengaluru and Ahmedabad.
Franchise India has enabled over 10,000 brands to expand their footprint across India and internationally as Franglobal serves as the international enabler.
Franglobal has facilitated maket entries of 700 global brands over these years. Once a brand has entered the market, Franchise India accelerate domestic growth.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.