Ciclo Cafe to open 16 outlets by 2020; to invest Rs 60 cr

Restaurant chain Ciclo Cafe plans to open 16 outlets in India by next three years entailing an investment of about Rs 60 crore.

The cafe, a joint venture between Murugappa Group company Tube Investments of India (TII) and Absolute Speciality Foods, opened its third outlet in Gurgaon today.

"Our plan is to open at least 16 outlets all over India and right now the plan is to invest about Rs 50-60 crore over the next three years," TI Cycles President and Spokesperson for TII Arun Alagappan told

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