Indian boutique coffee chain Third Wave Coffee has secured $6m investment to help facilitate its ambitious expansion plans. New investors include Sujeet Kumar, co-founder of Indian B2B trade platform, Udaan, Arpan Sheth, a senior leader at management consultants, Bain & Company, and Ayyappan Rajagopal, CEO of flight booking website, Cleartrip.
Doppio Espresso, Chocolate Company Cafe and Barista Cafe form new Dutch franchise group comprising 67 stores in an effort to pool resources and support growth in the ‘fragmented’ Dutch coffee shop market.
Oat has unseated coconut as UK consumers’ preferred dairy alternative in coffee shops. In a survey of more than 50,000 UK consumers conducted by World Coffee Portal, 16% indicated they had tried oat milk in a coffee shop over the last 12 months, ahead of coconut and almond at 12%, and soya at 9%.
The new retail coffee chain is continuing its expansion across Asia, entering the South Korean market and opening more stores in its native Singapore.