Kolkata, Sep 3 - Barista Coffee Co, one of India's leading espresso chains, will invest Rs.40 crore to expand its network this year, a top company official said here Thursday.
'We'll invest Rs.40 crore this year to open 100 new coffee outlets across India. We are targeting nearly 25 percent of revenue growth this year,' said Barista's chief operating officer (COO) Sanjay Coutinho.
Of the new outlets, 80 would be espresso bars, 10 highway outlets and 10 Barista Creme lounge bars, Coutinho told reporters during an interaction.
Barista, owned by Lavazza, Italy's largest coffee company and sixth largest coffee roasters globally, had a turnover of Rs.150 crore last fiscal.
The company has 230-odd espresso bars at some 30 locations in India. It also has cafes in Sri Lanka, Bangladesh, the United Arab Emirates and Oman.
'We'll start outlets Nepal in the next two weeks.