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CJ Foods enters India with Bibigo Bapsang via GTGO, which targets 100 outlets by June 2027 and Rs 100 crore revenue
CJ Foods entered India with Bibigo Bapsang through GTGO, which will open 3 Bengaluru outlets by end-2026 at around Rs 1 crore per store. GTGO targets Rs 100 crore revenue in CY2026 and 100 outlets by June 2027.
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Store and format facts
Figures from ET Retail,
| Current GTGO outlets in India: | 60 |
|---|
What it means for the format
Rival restaurant operators in Bengaluru should expect Bibigo Bapsang to compete for sites and diners from its three outlets due by end-2026, and GTGO's roughly Rs 1 crore per store sets a capex benchmark for Korean-format openings, with its network growing from 60 outlets to a 100-outlet target by June 2027.
Next on the rollout
- All three Bengaluru Bapsang outlets opening by end-2026
- GTGO outlet count rising from 60 as it adds the 15 planned by December
- Announcement or filing of a funding round within the Rs 100-250 crore range
- GTGO's reported CY2026 revenue against the Rs 100 crore target, up from Rs 75 crore last financial year
- Per-store investment for Bapsang staying near Rs 1 crore, or the company giving a new figure