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India’s Largest Coffee Chain Struggles With Death of Founder

From: realmoney.thestreet.com

Employees of India’s most-successful chain of coffee shops are left mourning the death of the founder of Café Coffee Day on Wednesday, after police confirmed that the body of V.G. Siddhartha was the same that they found floating in a river on Tuesday.

The entrepreneur almost single-handedly sowed the seeds of a coffee culture in India, a typically tea-drinking nation, a decade before Starbucks (SBUX) entered the market. As of its 2018 report, Café Coffee Day had 1,722 coffee shops across India, the largest of any chain, and 47,747 vending machines, with a handful of outlets in Nepal, Malaysia, the Czech Republic, Austria and Egypt.

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