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
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Key Financials
| Particulars | Jun 17 | Sep 17 | Dec 17 | Mar 18 |
|---|---|---|---|---|
| Revenue ('000 INR') | 17 | 88 | 142 | 634 |
| EBITDA, % | 3% | 4% | 31% | 42% |
| PAT, % | 3% | 3% | 23% | 31% |