The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, is set

for a market debut that could value it at almost $1 billion, even as the country
's burgeoning cafe culture draws global giants Starbucks and McDonald's.
Cafe Coffee Day, a cafe pioneer in India, aims to list a 20% stake, raising roug
hly $200 million, within the next quarter, sources with direct knowledge of the
plans said.
It has hired investment banks Kotak Mahindra Capital and Citigroup, among other
advisers, and plans to file for the listing by the end of April, the sources sai
d. Cafe Coffee Day, Citi and Kotak did not respond to requests for comment.
India's biggest cafe operator opened its first shop in 1996 and has grown to ove
r 1,500 outlets as more young, urban consumers opt for cappuccino over tea and s
eek out spaces to socialise in overcrowded, traffic-congested cities. The IPO co
mes as India's sluggish economy is showing signs of life, fuelling hopes of a co
nsumer spending recovery that has boosted shares in food chain operators.
The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, is set
for a market debut that could value it at almost $1 billion, even as the country
's burgeoning cafe culture draws global giants Starbucks and McDonald's.
Cafe Coffee Day, a cafe pioneer in India, aims to list a 20% stake, raising roug
hly $200 million, within the next quarter, sources with direct knowledge of the
plans said.
It has hired investment banks Kotak Mahindra Capital and Citigroup, among other
advisers, and plans to file for the listing by the end of April, the sources sai
d. Cafe Coffee Day, Citi and Kotak did not respond to requests for comment.
India's biggest cafe operator opened its first shop in 1996 and has grown to ove
r 1,500 outlets as more young, urban consumers opt for cappuccino over tea and s
eek out spaces to socialise in overcrowded, traffic-congested cities. The IPO co
mes as India's sluggish economy is showing signs of life, fuelling hopes of a co
nsumer spending recovery that has boosted shares in food chain operators.
The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, is set
for a market debut that could value it at almost $1 billion, even as the country
's burgeoning cafe culture draws global giants Starbucks and McDonald's.
Cafe Coffee Day, a cafe pioneer in India, aims to list a 20% stake, raising roug
hly $200 million, within the next quarter, sources with direct knowledge of the
plans said.
It has hired investment banks Kotak Mahindra Capital and Citigroup, among other
advisers, and plans to file for the listing by the end of April, the sources sai
d. Cafe Coffee Day, Citi and Kotak did not respond to requests for comment.
India's biggest cafe operator opened its first shop in 1996 and has grown to ove
r 1,500 outlets as more young, urban consumers opt for cappuccino over tea and s
eek out spaces to socialise in overcrowded, traffic-congested cities. The IPO co
mes as India's sluggish economy is showing signs of life, fuelling hopes of a co
nsumer spending recovery that has boosted shares in food chain operators.