NEW DELHI: Specialty food company chain Cocoberry is in talks with Dubai-based Abraaj Capital to raise about 70 crore for a minority stake, a person with direct knowledge of the development told ET.
Abraaj is the frontrunner among 4-5 investors the Gurgaon-based company is negotiating with, another person familiar with the company's plans said. The list includes Norwest Venture Partners, Temasek Holdings and Arcapita , a Bahrain-based PE house.
Cocoberry, the country's first premium frozen yogurt chain, sells its products across 27 retail outlets in the country. It plans to ramp up the number of outlets to 100 by the end of this year. Full story
