Jumbo King Foods To Invest Rs 75 Cr By 2011

Economic Times:

With a view to fuel its expansion, Mumbai-based Jumbo King Foods www.jumboking.co.in/ has chalked-up a Rs 75 crore investment over the next three-year period.

“We will invest around Rs 75 crore by 2011 for expansion that would include establishing franchisee stores, company-owned stores and kiosks. We plan to raise money through private equity for our expansion,” Jumbo King’s Managing Director Dheeraj Gupta said here.

The Indian snack-food retail chain also plans to expand its footprint by foraying into malls and establishing its presence in retail chains such as Reliance Fresh, More, Spencer’s and Big Bazaar, amongst others, through kiosks.

The company has already tied-up with retailers and would pay rent for setting up its kiosks and outlets in the retail chains.