- February 28, 2018 / 2 min readThe company has earmarked an investment of Rs 200 crore in India which will start with the opening of its first store by August this year
Doner & Gyros, a Dubai-based quick service restaurant chain has announced to open about 200 stores in the country making a surprising entry into the Indian Market in the next 5-7 years.
The company has earmarked an investment of Rs 200 crore in India which will start with the opening of its first store by August this year.
Doner & Gyros has already market share in 21 countries including London, the UAE, Saudi Arabia and Lebanon.
Doner & Gyros CEO Nabi Naseeb said, "One store will cost somewhere around Rs 1.5 crore and we plan to open 150 to 200 stores in the next 5-7 years that makes it around Rs 200 crore."
The QSR will be vying with already established Domino's Pizza, McDonald's and KFC for the market share. The Company is betting big on its products inspired by the street food of Berlin and Chicago.
Naseeb said, "Our products will be customised as per Indian market," adding that the company will take advantage to capitalise on products from Berlin and Chicago in Indian market.
The QSR has contracted with FranGlobal, the overseas arm of franchise solutions company Franchise India Holdings Ltd for expansion in India.
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