Mar 02, 2011
Cocoberry, a leading frozen yogurt chain, entered the Ahmedabad market with its first outlet in the city.
"With the growing health and wellness food market along with the rising popularity of our product across other cities, we foresee an immense potential in the Ahemdabad market as well. We are glad to extend our presence in this flourishing market and aim at providing the finest and the healthiest frozen yogurt experience to our customers," said G S Bhalla, founder & CEO, Cocoberry.
Founded in February 2009, Cocoberry claims to have recorded 300 per cent growth this year. It plans to increase its turnover from Rs 5 crore to Rs 13-14 crore in the coming fiscal year and to Rs 250 crore in the next 4-5 years' time.
The yoghurt brand is planning a major expansion from this financial year onwards. From the 30 outlets at present, the brand plans to scale up to at least 500 outlets in the next 4-5 years, both in India and abroad at an investment of around Rs 120 crore.
On the international front, Cocoberry plans to first go to West Asia followed by South-east Asian countries.
The most popular and major frozen yogurt chain-Cocoberry has entered in to the Ahmedabad market with it's first outlet because of Ahmedabad is a very reach and great place for franchise business.
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