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Barista Coffee targets 900 stores by 2030, eyes tier-II, III towns for growth

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo New Delhi/Patna, Jan 24 : India’s largest homegrown coffee chain Barista Coffee plans to expand its network to 800-900 outlets by 2030, with a strong focus on tier II & III towns, its Chief Executive Officer Rajat Agrawal said. The company, which recently inaugurated its 500th cafe in Patna, Bihar, is buoyed by the rising coffee culture among India’s youth, particularly in smaller towns where aspirations and disposable incomes are on the rise. Besides, Barista, a late entrant in the coffee vending machine segment, is also scaling its presence in the fast-growing segment and expects 10-fold growth in the next 5 years.

Barista Coffee targets 900 stores by 2030, eyes tier-II, III towns for growth

Credit: Dailyexcelsior

Key Highlights

  • This new business vertical, in which Barista Coffee entered two years back, is a “big focus area” for the company, he said, adding the company has “encouraging response” from its institutional customers.
  • “Today, we have installed 500 (vending) machines.
  • There is a huge growth path, and we are looking to have a 10x growth in this network in the next 5 years.
  • So, we are looking at about 5,000 machines in the next 5 years,” Agrawal told PTI.
  • When asked about the growth strategy, he said that over the last 3-4 years, Barista has been more focused on getting into smaller tier II and III cities, where it sees better yields and earning profiles are much better.
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Sources

  1. Barista Coffee targets 900 stores by 2030, eyes tier-II, III towns for growth

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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