Lenexis Foodworks has announced Rs 150 crore expansion plan for launching 70 new 'Wok Express' outlets within the next three years.
Wok Express is planning to penetrate its reach in Bengaluru, Hyderabad and New Delhi. The whole expansion will be funded via internal accruals.
Currently, the three-year-old company is operating 35 outlets across all major malls and high streets in Mumbai and Pune. All these outlets are company-owned and operated.
Aayush Agrawal, Director, Lenexis Foodworks Pvt Ltd, said, "Wok Express started off as a pilot project in 2015 with 1 restaurant in Pali Naka, Bandra. With the overwhelming response from our patrons, we not only established 35 restaurants within a short span of 3 years but also served a million Chinese Rice and Noodle Bowls. Our strategic initiatives continue to show encouraging development, which we believe will enable our long-term growth objectives. We opened 10 restaurants this year and are on track to achieve our development target of 100 outlets across leading metros in India within the next 3 years."
