Adani-backed CocoCart to add 28 stores, eyes 35-40% growth scaling Neuhaus, Venchi, Bateel across India
CocoCart, 55% held by Adani via April Moon Retail, will open 28 stores this fiscal atop 61 existing outlets and 7 airport units, with Rs 16 crore infra outlay. Exclusive tie-ups with Neuhaus, Venchi, Bateel and Le Pain Quotidien anchor a 500-SKU, 40+ brand portfolio targeting Tier-1 metros through 2030.
What happened
Adani-backed CocoCart plans 28 new stores this fiscal and Rs 16 crore infra investment, scaling exclusive partnerships with Neuhaus, Venchi, Bateel and Le Pain
Key facts
- 28 new stores this fiscal
- 61 existing stores
- 7 airport outlets
- Rs 16 crore infra investment
- 35-40% growth
- 74% Adani stake in April Moon Retail
- 55% effective holding
- Rs 28 crore upfront
- Rs 42 crore pending
- 500 SKUs
- 40+ international brands
- QC 25% of business
- Rs 5 crore monthly QC sales
- AOV Rs 1,200 city / Rs 1,800 airport
Why this matters
CocoCart's exclusive distributorships for Neuhaus, Venchi, Bateel, and Le Pain Quotidien create a defensible aggregator moat worth tracking for partnership, co-location, or eventual stake opportunities as it scales to 2030.