Brewing a strong expansion plan, India’s largest chain of organised tea stores, Chai Point, is looking to open around 30 new stores by FY 19 with an investment of Rs 100-120 million. The start-up recently marked the opening of its 100th store in Bengaluru. The company, which has revenue of over Rs 1 billion, expects to grow at 75 per cent growth rate and break even by the end of this financial year. However, the company has no plans to foray into newer geographies apart from the current cities it is already present in, including Delhi-NCR, Mumbai, Bengaluru, Pune, Hyderabad, Gurgaon. Chai Point’s big way expansion move is certainly a big business opportunity for the signage companies handling in-store projects.
