KKR-backed Cafe Coffee Day preps for IPO

|By:, SA News Editor

India's largest coffee chain with 1,650 outlets (and another 350 on the way), Cafe Coffee Day has begun interviewing investment bankers, reports Bloomberg, and could seek a valuation of about $1B. The offering could help the company extend its market share lead in India over rivals like Starbucks (SBUX) which opened its first store in that country less than two years ago.

KKR invested in Cafe Coffee's holding company - Amalgamated Bean - in 2010.