Korea-based frozen yogurt maker Yogurberry said it will set up seven fresh stores in the country by end of next year and another 100 over the next five years. “The expansion plan will begin with new stores in Chennai and Bangalore, and additional stores in cities like Delhi-NCR and Mumbai,” a company official said. After setting up stores in metros, the yogurt-maker said it will expand to tier-2 and tier-3 cities.
The South Korean firm has set up its operations in India through Dubai-based franchise operator – Synergy Holdings – as its master franchise. An official at Synergy Holdings said the franchisee plans to invest Rs 50 crore in the current financial year to expand operations.