L'Opera sets sight on expanding footprints in Indian markets, plans to add 50 bakery outlets by 2021

Delhi-based French patisserie and bakery chain L'Opera looking to expand its footprints in the Indian markets, plans to add 50 outlets across India by 2021 for which it will raise around Rs 40 crore.

L'Opera currently has 16 outlets in Delhi, Gurugram and Dehradun.

"We plan to open 50 outlets across the country by 2021. The cities that we would be focusing on are Chennai, Mumbai, Bengaluru, Pune, Delhi and NCR," L'Opera Executive Chairman Kazem Samandari told PTI.

Out of these, up to seven will be added in Delhi and NCR, he said.

The company will also open two more regional production centres in Mumbai and Bengaluru. The company will also have satellite production centres in Pune and Chennai, Samandari said.

Asked how the company plans to finance the expansion, he said: "We are right now in the process of completing a round of funding of roughly Rs 40 crore that will take us to our next development phase."

For this the company has appointed Langham Capital as its financial adviser, he said, adding: "We have shortlisted two potential leadinvestors, who are private equity funds."

L'Opera started operations in 2010 and opened its first flagship outlet in Delhi in March 2011.