Cocoberry plans aggressive expansion

Cocoberry Retail Pvt. Ltd a Gurgaon-based frozen yogurt chain plans to strengthen its distribution network by taking its outlet count to 100, via both company owned and franchised outlets by the end of this year. The brand also aims to increase its numbers to 500 by opening stores in India, Southeast Asia and the Middle East by 2015.

At present Cocoberry has 27 retail outlets in the country. For this expansion the company is looking to raise around private equity funding of Rs 70 crore. The funding will help Cocoberry enter the Middle East region besides expanding its reach within India. Cocoberry founded in 2009, also has plans to venture into soups and beverages.