BANGALORE (Commodity Online): India's Coffee Day Holdings, promoters of Cafe Coffee Day which helped in spreading the coffee bar culture in the country,is set to receive $200 mn from a New York based private equity firm, according to a report in Financial Times.

The deal, one of the largest private equity transactions in India in the past year and a half, will give KKR and its partners, Standard Chartered Private Equity and New York-based New Silk Route, exposure to India’s fast-growing coffee house culture, the FT report added. Cafe Coffee day has over 900 coffee bar outlets in the different parts of the country with the rising disposable incomes in urban centres and metros adding to the demand.



The cash infusion will help the Indian company, which now has 800 Café Coffee Day outlets, expand ahead of potential competition from Starbucks, the US-based coffee group, which has eyed India for more than five years, but has yet to enter the market.

UK-based Costa Coffee, and the US-based Coffee Bean & Tea Leaf have also recently established themselves in India through local partners, FT said

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