The company has been aiming to open its outlets in at least 75,000 points of access such as quick-service restaurants and grocery stores around the world through a hub-and-spoke model.
Additionally, Subko is strategizing and implementing the launch of flagship café experiences in diverse formats across chosen cities in India and worldwide in a meticulously planned manner.
The recent injection of funds into Popcorn & Company will be strategically utilized to bolster stock inventory and strengthen marketing initiatives, paving the way for accelerated expansion and a more robust foothold in the market.
This investment will support the doubling of production capacity to meet the increasing demand and bolster the team, while also enabling the implementation of strategic marketing initiatives.
Sushant Goel will continue to contribute to the growth and advancement of the rapidly expanding Indian coffee brand, while Rajat Luthra will bring his extensive experience to steer Third Wave Coffee towards its next phase of success.
The capital raised will empower abCoffee to expedite enhancements in its supply chain and technological infrastructure, facilitating the delivery of on-demand coffee beverages at reduced costs and faster turnaround times.
The company's revenue from operations witnessed a 5.32% increase, reaching Rs 6,962.0 crore in the reviewed quarter. In comparison, it stood at Rs 6,609.8 crore during the same period in the preceding fiscal year.