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BLUE TOKAI LOSSES
Tata Consumer Products to add 50-100 Starbucks outlets annually; sees potential for 8,000 unitsTata Starbucks aims for massive expansion in India, with plans to reach 8,000 stores. The coffee chain is now profitable at the operating l...- Indians had a crush brewing for a star. But, the love may be fadingStarbucks’ India unit reported a modest 5% rise in revenue to ₹1,277 crore in FY25 even as losses deepened 65% to ₹135.7 crore, marking a s...
- Fresh business blend at Starbucks: Global CEO meets Chandra as Tata pauses investment pending lower-cost modelStarbucks is set to revamp its India operations. Its partner, Tata Consumer, is pushing for a more affordable business model. This involves...
- Starbucks to keep India plans brewing despite competitionStarbucks said it is strengthening its long-term commitment to India even as competition rises and profits remain under pressure. The coffe...
- Starbucks India losses surge 65% in FY25, sales grow 5%Starbucks India witnessed a 5% sales increase, reaching ₹1,277 crore, but its losses widened by 65% to ₹135.7 crore in FY25. Despite launch...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- Depresso! Cafés go through the grinderStarbucks, Barista, Chaayos, and Third Wave Coffee are facing a slowdown in growth due to rising competition and reduced consumer spending....
- Zomato vs Swiggy market share; PM e-drive subsidyZomato has extended its lead in India’s food delivery space over recently listed rival Swiggy. This and more in today’s ETtech Top 5.
- Third Wave Coffee posts 67% rise in FY24 revenue, but losses doubleThe WestBridge Capital-backed company spent Rs 12 crore on selling and marketing in FY24 as compared to Rs 2 crore a year ago. Rent costs a...
- Blue Tokai Coffee gets a Verlinvest flavourVerlinvest is set to invest Rs 200 crore in Blue Tokai Coffee Roasters at a Rs 1,200-crore valuation. Existing investors Hemendra Kothari’s...
- Third Wave Coffee will add over 50 stores, expand to new cities: CEO Rajat LuthraThird Wave Coffee, backed by Westbridge Capital, plans to open 50 new stores in existing markets like Bengaluru, Delhi-NCR, Mumbai, and Hyd...
- Bluestone’s new investors; states & semicon hubsHappy Tuesday! New investors are finalising Bluestone’s pre-IPO funding round. This and more in today’s ETtech Morning Dispatch.
- 12 Flags Group takes a sip of Blue TokaiThe investment by 12 Flags comes at a time when cafe chains in India are growing faster than quick service restaurants (QSRs), fuelled by y...
- Paytm Payments Bank CEO quits; Invesco hikes Swiggy’s valuationPaytm Payments Bank managing director and chief executive officer Surinder Chawla has tendered his resignation. This and more in today’s ET...
- Paytm’s damage control; UPI market share cap back in focusHappy Monday! The top brass at Paytm held meetings with senior executives at One 97 Communications and Paytm Payments Bank to chart their f...
- Blue Tokai revenue surges 70% in FY23; loss up 3.5 times as firm expands footprintSpecialty coffee brand Blue Tokai saw its total expenses balloon to Rs 166 crore in FY23 from Rs 90 crore in the previous fiscal primarily ...
- Starbucks to brew a mix of expansion, affordability to compete with rivalsStarbucks, the world's largest coffee retailer operating in India through Tata Consumer Products, is strategically shifting its focus towar...
- Koo seeks fresh funding, strategics; Dunzo further delays paying salaries, will move out of Bengaluru HQHomegrown microblogging platform Koo is looking for fresh funding or a strategic partnership to further its “next phase of growth,” cofound...
- SoftBank’s first Vision Fund may be its last after $18 billion lossMasayoshi Son said he believes that the economic shock of the coronavirus could end up helping technology companies in fields from ride-hai...
- A lot still happening over coffee: How VG Siddhartha's Café Coffee Day transformed the simple brew into a lifestyleCoffee at a CCD outlet became an excuse for a business meeting, a date or just to hang out.
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