Brands
Starbucks unveils 50 store in Bengaluru with first drive-thru outlet
MUMBAI: Starbucks marked a significant milestone with the opening of its 50 store in Bengaluru, also unveiling its first drive-thru outlet in South India. The occasion was commemorated with a special event attended by Tata Starbucks CEO Sushant Dash and Swiggy Food Marketplace CEO Rohit Kapoor.
The event highlighted the strength of the long-standing partnership between Starbucks and Swiggy, which began eight years ago with just six stores in Mumbai. Since then, the collaboration has expanded across 70 cities and 350+ stores nationwide, supported by Swiggy’s robust delivery ecosystem.
As part of the celebration, Kapoor joined 50 Swiggy delivery partners on a ride to the new store, capping the journey with a cup of Starbucks coffee. Dash added a personal touch by brewing a signature Americano for Kapoor symbolising their shared passion for quality and consistency.
Tata Starbucks CEO Dash shared, “Our 50 store in Bengaluru and first drive-thru in South India marks an exciting new chapter in our growth journey one rooted in accessibility, innovation, and deep local relevance. At Starbucks, we use the specialty grade Arabica for every cup of coffee, serving the finest quality to every consumer. Swiggy has been a trusted partner in this journey, helping us deliver the Starbucks experience to customers wherever they are. As we expand across India, we remain committed to crafting new moments of connection, whether in-store or delivered to your doorstep.”
Swiggy Food Marketplace CEO Kapoor added, “Starbucks’ 50 store in Bengaluru is not just a milestone for their retail footprint, but also a marker of how far this partnership has come. From just a handful of stores in one city to now serving customers in 70 cities Swiggy has been proud to partner with Starbucks every step of the way. Together, we’ve worked to make high-quality coffee and food experiences more accessible to millions of consumers across the country. As we scale further, we’re excited to keep pushing boundaries and delivering memorable experiences, one order at a time.”
The duo has collaborated on popular campaigns such as ‘Double the Love,’ ‘Friday Frappuccino,’ and ‘Items at 199,’ and co-created the ‘Classics’ menu tailored to Indian palates. This celebration reflects not just a store count but a shared mission to bring premium coffee and food closer to consumers, in-store and at home.
Brands
Devyani International Ltd plans three-subsidiary merger to streamline operations
QSR operator moves to streamline structure and unlock operational synergies
Devyani International is tightening its corporate kitchen. The quick-service restaurant operator has approved a scheme to merge three subsidiaries—Sky Gate Hospitality, Blackvelvet Hospitality and Say Chefs Eatery—into the parent company in a bid to simplify its structure and sharpen operational efficiency.
The decision was cleared at a board meeting on March 10 and disclosed in a regulatory filing to the stock exchanges. The merger will take effect from April 1, 2025, subject to statutory approvals.
All three transferor companies are direct or indirect wholly owned subsidiaries, meaning no fresh shares will be issued and the shareholding pattern of Devyani International will remain unchanged once the scheme is completed.
The subsidiaries together operate more than 100 outlets—including dine-in restaurants and cloud kitchens, spread across over 40 cities such as Delhi NCR, Mumbai, Kolkata and Bengaluru.
Devyani International, the largest franchisee of Yum Brands in India, said the consolidation is aimed at generating operational synergies, optimising resource utilisation and reducing layers within the corporate structure.
Financially, the move brings together businesses of varying scale. As of March 31, 2025, Devyani International reported a net worth of Rs 10,381.02 million and turnover of Rs 33,493.33 million. Sky Gate Hospitality posted a net worth of Rs 761.14 million with turnover of Rs 2,657.57 million, while Blackvelvet Hospitality and Say Chefs Eatery reported smaller operations and negative net worth.
The merger will consolidate these operations under a single corporate umbrella as the company sharpens its focus on scale and efficiency.
Devyani International currently runs more than 2,000 outlets across over 280 cities in India, Nigeria, Nepal and Thailand. Its portfolio includes franchise rights for brands such as Pizza Hut, KFC, Costa Coffee, Tea Live, New York Fries and Sanook Kitchen, alongside its own food brands.
With the paperwork underway and approvals pending, Devyani is essentially clearing the corporate clutter—turning three subsidiaries into one tighter, leaner operation. In the QSR world, even the back office needs a spring clean.
