Mumbai: FMCG major CavinKare, as part of its retail expansion plans, has announced its foray into the QSR segment with a new brand - Jango’z. Launching its maiden outlet in Chennai, the company further plans to set up over 100 outlets across strategic locations in India by 2026.

With the Indian QSR segment expected to reach Rs 827.63 billion by FY 2025, CavinKare is also set to bet big on the slice and bite segment through Jango’z with an aim of generating over 150 crore revenue in the next 5 years, said the company.

“Our entry into the QSR space comes in line with our refreshed CavinKare 2.0 strategy," said director – retail Manuranjith Ranganathan, commenting on the occasion. "Retail is one of the important divisions in CavinKare where we have made significant investments and have major diversification plans in the future as well. One of the steps in the direction is this entry with the launch of Jango’z that is set to disrupt the space with CavinKare innovation edge.”

Jango’z is CavinKare’s first chain QSR brand with its first outlet in Perambur, Chennai. Spread across 1300 sq ft, the outlet serves a slew of delicacies and a lineup of refreshing mocktails. The outlets will also have a notable space where the customers can see their orders being cooked live. This outlet also features specially commissioned wall art, with the mascot from the Jango’z logo being incorporated into a fun comic strip.

“With the segment poised to grow at a 15.4 per cent CAGR coupled with untapped potential tier 2 and 3 markets, we are confident that Jango’z will become a Rs 150 crore brand by 2026. The slice and bite space in the segment is at a nascent stage but we are positive that this will become the future of the QSR industry and we are happy to be leading the way with it being an important proposition at Jango’z,” Ranganathan further said.