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AUSTRALIA’S COFFEE BY DI BELLA TO RAISE $20 MILLION TO VENTURE INTO NEW MARKETS

Australia’s Coffee By Di Bella intends to raise $20 million from private equity funds to enter overseas markets. The rights to the brand outside Australia, is owned by its Indian subsidiary, which aims to take the cafes to West Asia and Europe. Outside Australia, Coffee By Dibella has cafes only in India. Rahul Leekha, Director, Coffee By Di Bella, has picked up 80 percent stake in the Indian subsidiary and the remaining is owned by the chain’s owner in Australia, Philip Di Bella. In the overseas markets Coffee By Di Bella will foray into Dubai, Qatar

and UK markets. In India, Coffee By Di Bella’s only competitor is

Starbucks. But, unlike Starbuck’s which has 91 stores, Coffee By Dibella is conservative with 15 stores, which will be to taken up to 20 by the end of 2017-2018. The company is a profitable venture in India.

 

(Indian Business Insight)

 

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