With Jango’z launched in Chennai, CavinKare aims to strengthen its position in the slice and bite segment and also plans to set up over 100 outlets across strategic locations in India by 2026.
CavinKare announced its foray into the QSR segment with a new brand – Jango’z. Launching its maiden outlet in Chennai, the brand further plans to set up over 100 outlets across strategic locations in India by 2026. With the Indian QSR segment expected to reach INR 827.63 Billion by FY 2025, CavinKare also aims to strengthen its position in the slice and bite segment through Jango’z while generating over 150 crore revenue in the next 5 years.
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Commenting on the occasion, Manuranjith Ranganathan, Director, Cavinkare, said, “Our entry into the QSR space comes in line with our refreshed CavinKare 2.0 strategy. 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.”
“With the segment poised to grow at a 15.4% CAGR coupled with untapped potential tier-2 and tier-3 markets, we are confident that Jango’z will become a 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’s”, he added.