Barista Coffee to invest Rs 32 crore under expansion plan

Barista Coffee India Expansion PlansBarista Coffee, a chain of Espresso Coffee bars in India, will open 80 new stores in the country with an investment of around Rs 32 crore. The company plan to increase the total number of outlets to 300 in the current fiscal.

Partha Dattagupta, Chief Executive Officer of the company said, "We are planning to open 80 new stores in the country, by the end of current fiscal, out of which around 20 would be opened in towns in which we are not already present."

He further stated, “Opening of each store will cost around Rs 40 lakh and the entire amount will be invested by the promoters."  

Delhi-headquartered, Barista was founded in 1997 by Ravi Deol and Sandeep Vyas. It is currently owned by Lavazza, Italy’s largest coffee company.

Presently, Barista has around 206 outlets, including 17 in the Sri Lanka and the Middle East. The company, which is focusing on opening stores in the domestic market, is following three models for this purpose, the corporate ones, in which it opens outlets areas near offices, the high-street area of high footfalls such as malls and shopping complexes and company-owned exclusive stores.