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Olive Bar & Kitchen opens first Microbrewery, The Hoppery, in Hyderabad

Thursday, April 27, 2017, 14:00 Hrs  [IST]
HBI Staff |Mumbai

The Olive Group, which owns restaurant brands such as Olive Bar & Kitchen, SodaBottleOpenerwala, Fatty Bao, and Toast & Tonic, is on an expansion drive, seeking to add 11 restaurants during the year. It has already added three restaurants in the last week, the latest one being The Hoppery, a microbrewery in Hyderabad, reports The Hindu Businessline

Since the company's inception 17 years ago, the promoter of The Olive group, AD Singh, has developed a chain of brands and now has 30 restaurants across several brands.

As the company enters the next phase of expansion, one of its early private equity investors, Aditya Birla Private Equity, which invested $10 million in 2013, is likely to exit by divesting its sake to a new investor, said Singh, Managing Director of The Olive Group.

Ernst & Young is assisting in the transaction and evaluating options, he said..

Singh said the company plans to set up several such breweries. “As of now, only a few States allow setting up of microbreweries. The next one for us is likely to be in the NCR region,” he said. “We have been wanting to open a microbrewery for years. There is huge demand for such restaurants as freshly brewed beer with different flavours is something people want,” he added.

The country's microbrewery sector has seen a massive growth in the last few years. Hyderabad, unlike Bengaluru, is a relatively new market. Source:

The Hindu Businessline

 
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