India’s Midas touch is slowly spreading across global shores. Recently, India-based global entrepreneur Teja Chekuri acquired nine US Dunkin franchisees for $18,000,000 via his company Golden Horn Group. Chekuri, together with his business partner Mitesh Patel led the deal, and now they aim to expand to 150 outlets in the next 5 years across several US cities. Currently, the nine are situated in Sharon, Hanover, Weymouth, Braintree and Quincy in the state of Massachusetts, and will be operated under OM Network LLC. Retailer spoke to Chekuri on his plans to expand his restaurant business and grow both in Indian and global markets. Excerpts from the interview:
You are running a multi-brand company across India and the US. How has been the journey so far?
While the journey has been quite challenging, it has also been immensely fulfilling. To grow from a single outlet to a multi-brand food and beverage venture with a presence across the US and India is nothing less than a dream come true. However, there is a lot of work still to be done and our focus is to grow and become the foremost hospitality chain across the globe.
From taking an Indian restaurant to the global market to acquiring a global brand franchisee, how was the journey?
It has not been easy, but I have always believed in putting together a team to pull through such challenges. We had our fair share of successes and learnings, but we strived towards our vision.
You recently signed a franchisee agreement with Dunkin to operate at its 9 locations in the US. How much time did it take and what were the challenges?
This story is from the May - July 2023 edition of Retailer.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May - July 2023 edition of Retailer.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
What Drives Gen Z's $860 Billion Spending Power and Why It Matters
With a staggering 377 million members, Gen Z is poised to redefine India's consumer landscape. Their unique preferences and immense purchasing power are set to drive a remarkable $2 trillion economy by 2035.
The AI-Powered Future
In the rapidly evolving world of commerce, where digital transformation has become the cornerstone of success, the role of artificial intelligence (AI) stands out as a game-changer.
D2C's King: Vivek Biyani
How Biyani is taking experiential commerce to newer levels and giving digital first brands prime spot on retail shelves with Broadway.
Chef Adwait Anantwar's Flavor Magic at INJA
In an exclusive interaction, Chef Adwait Anantwar, Chef Partner at the popular restaurant INJA by Atelier House Hospitality, discusses how he brings uniqueness and creativity to his culinary creations.
QC is the Secret to myTrident's 400% Growth!
With an ambitious goal to double its revenue to over Rs 1,000 crores in the next three years, the brand is strategically focusing on increasing retail presence and penetrating new markets, especially in the southern and eastern regions.
How GIVA's Fine Jewelry Empire is Growing at 100% YoY
GIVA eyes 300 stores in 2 years and Rs 1500 cr revenue in 5 years!
SPEED MEETS STYLE
With the rise of platforms like Blinkit and Zepto, fashion brands are seeing quick commerce not just as a delivery mechanism, but as a critical part of their retail strategies
Indian Origin D2C Brands Make Mark in Global Markets
For many Indian brands, the motivation to expand internationally stems from a desire to share India's unique offerings with the world.
TOP MARKETING TRENDS 2024
In today's fast-paced world, the right marketing approach isn't just crucial for staying afloat-it's the driving force behind brand reinvention and expansion. Ready to discover the secret sauce of three giant retail brands in India? Let's dive into the strategies that are making them the trendsetters of the year.
How India's Pet Care Industry is Raising the Woof!
India's pet care industry is on a rapid ascent, projected to reach $350 billion by 2027, as rising pet ownership and pet \"humanization\" drive demand for premium products, specialized services, and innovative, pet-focused retail experiences.
