Cafe Deli is indeed a beneficiary of the Global Entrepreneurship Summit that was held in Nairobi,Kenya last weekend.
Have you heard of Cafe Deli? If not, then most probably you have never been to Nairobi,Kenya.This is the fastest growing coffee chains.
Café Deli started off at Westlands Nairobi; the branch has since been closed before they moved to the city centre.
Café Deli’s management laughed their way to the bank, after the Global Entrepreneurship summit.
They received a kes.100million($1million) injection from South African Venture Capital to fund its expansion plans.Obadoh Obadoh who is the owner of café Deli says; “we want to bring competition to chains like Java”
The funding is by Grofin, which is a South African Company pioneering development financier specialized in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East. It started off in 2004.
Grofin firm manages seven funds on behalf of 24 international investors, development funders, banks, corporate and foundations with committed capital in excess of $400 million (Sh4 billion).
It is alleged the pressure of expansion by Café Deli comes after ECP (Emerging Capital Partners),a private equity owning the Java chain of coffee shops, found out there is a preference by customers for coffee shops at petrol stations and locations other than shopping malls, to which Java has responded to the latter.
Other key players deemed competitors of Café Deli in the coffee shop business include: Artcaffe, Dormans Coffee Shops, Vida e Café, Avanti Group of restraunts.