Drunken Monkey to expand in Telangana, AP
Hyderabad: City-based startup Drunken Monkey plans to expand its Smoothie Bar franchise chain to 150 from the present 50 outlets in 12 cities by March 2019 in addition to expanding the footprint to overseas markets as well.
The startup is keen on tier-2 cities in Telangana and Andhra Pradesh and has decided to open 12 franchised stores in these two Telugu states, taking the total count to 24. To support its expansion plan, Drunken Monkey will increase its headcount from 500 to 1,000 by the end of 2018. With the expansion plan in place, the startup expects Rs75crore for the current fiscal as against the Rs25cr in 2017-18 fiscal.