Opportunity Overview

  • Started operations in May 2017
  • Currently operates 48 outlets across India, with further expansion in the country, and into the overseas market underway
  • Operates as a dessert café, with the current key products being gourmet milkshakes, and ice-cream jars offered at affordable prices
  • 20 Owned & 28 Franchised outlets
  • Opportunity to acquire significant minority stake

Key Investment Highlights

  • Strong execution Track Record, rolled out 48 outlets within one year of operations, led by robust standardisation of operations
  • Strong brand recall, consistent 4+ rating on Zomato & Swiggy
  • Strong repertoire of 70 + recipes and credited for many firsts in the sector
  • New products likes are currently being developed, and will be rolled out shortly expanding the product mix
  • Globally scalable through Franchising model

Industry Size


Key Financials

ParticularsJun 17Sep 17Dec 17Mar 18
Revenue ('000 INR')1788142634
EBITDA, %3%4%31%42%
PAT, %3%3%23%31%