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TGL Co Plans To Raise $3 Million By 2018 Earlier, TGL Co has raised $1 million from Bollywood actor and restaurateur Ayesha Takia Azmi and her husband, Abu Farhan Azmi. Luxury tea manufacturer, The Good Life Company (TGL Co), which has raised $1 million from Bollywood actor and restaurateur Ayesha Takia Azmi and her husband, Abu Farhan Azmi, has opened its first retail tea salon in Mumbai. TGL Co plans to raise another $3 million by July 2018 to launch new variants of essential teas and tisanes from around the world.   TGL Co is a venture by entrepreneurs, Bhuman Dani and Shariq Ashraf. The Tea Salon is an experiential offering with evocative aromas of TGL teas and in-house patisseries for tea lovers where they can explore the colourful ingredients in each blend and sample the brewed tea.

The Chocolate Room Looks To Raise Rs 100 Crore To Fuel Expansion Cafe chain, The Chocolate Room is looking to raise Rs 100 crore from venture capitalists this year as it eyes doubling its footprint to 500 outlets by 2020. The company is also planning to open stores outside India by next year through franchise route. Chaitanya Kumar, Co-founder & CMD, The Chocolate Room, told PTI, "We are looking at raising Rs 100 crore to fund our expansion. We will also use funds in brand marketing. We have already begun talks to raise funds. Kumar said, "The Chocolate Room, which reported turnover of Rs 100 crore in the previous fiscal, is eyeing up to Rs 300 crore by fiscal 2020." Vikas Punjabi, Co-founder & MD, The Chocolate Room, said, "After opening our first outlet in 2007, we started expansion by opening outlets in tier II and tier III cities. Now, our major openings will be in bigger cities."

Kalaari Capital and Nexus Invest $8.5 Mn In Jumbotail Bengaluru-based food and grocery wholesale marketplace, Jumbotail, has raised $8.5 million (around Rs 55.12 crore) in series-A funding led by Kalaari Capital and Nexus Venture Partners. Nexus Venture Partners had earlier invested $2 million (around Rs 13 crore) in the company. Jumbotail was founded by Stanford alumni, Karthik Venkateswaran and Ashish Jhina in 2015.   Bala Srinivasa, Partner, Kalaari Capital, said, "About 98% of India’s food and grocery consumption is via kirana stores. We are excited by Jumbotail’s ability to eliminate information asymmetry, aggregate previously unavailable demand-and-supply data, and significantly improve economic outcomes for manufacturers, brands, financial institutions and kirana owners."

Business Opportunities -: Fast Food Franchisee In this fast paced life, people hardly have enough time to spend with their family and friends on daily basis. Thus fast food has taken the center stage to fulfill the desires of nice and tasty food for those who have no time to spare in cooking and not much money to flow in a high end restaurant, like college students, middle class people and mostly bachelors. This is why fast food market is growing in India. Indian fast food market is expected to grow at a CAGR of 18% by 2020 due to changing consumer behavior and demography. Fast food market in India is expected to be worth US$ 27.57 billion by 2020. About 10% of the fast food market in India is organized. NOVONOUS estimates that the organized fast food market in India is expected to grow at a CAGR of 27% by 2020. Vegetarian fast food constitutes of around 45% of the whole fast food market in India and is expected to grow at a CAGR of 18% by 2020 while the Fast food Cas...