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Kolkata-based café chain Chai Break has raised ₹5 crore in angel funding from Venture Catalysts of Mumbai. The funds will be mostly used for expansion into other cities.
Founded by friends Aditya Ladsaria and Anirudh Poddar, Chai Break focusses on a variety of Italian cuisines, Chinese and oOriental dishes and Indian etables. Offerings include working-lunch options and full-course meals.
According to Poddar, the firm will open around 20-odd new cafés over two years, focussing mainly on East, North-East and South India.
In the East and the North-East, Chai Break will explore options in Tier II and III cities. Down South, it will explore cities such as Bengaluru.
The upcoming cafés will be a mix of company-owned, company-operated and franchises.
The café chain at present has 11 outlets (all company-owned and operated) — eight in Kolkata, two in Bhubaneswar and one in Durgapur.
“We have seen good response to the café chain in Bhubaneswar and believe there is scope for expansion in Tier II and III towns. People there are looking for good options,” Poddar said.
The café segment in India is pegged at ₹1600 crore.
According to him, Chai Break will also explore and ramp up its outdoor catering segment. It already provides these services in some select business circles in Kolkata.
“There is scope for outdoor catering services in Tier II towns as well.”
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