Starbucks inaugurated its first store in India on Friday in a historic building in southern Mumbai as the Seattle-based coffee giant seeks growth in a market long associated with tea drinkers.
"It is perhaps the most elegant, beautiful, dynamic store we've opened in our history," chief executive Howard Schultz said in an interview.
A Cappuccino Café Latte will cost between Rs. 95 and Rs. 135, depending on the size, while iced coffee and blended beverages will cost Rs.
115-Rs. 200.
A café latte at Café Coffee Day costs between Rs. 78 and Rs. 85, while cold coffee and beverages cost between Rs. 100 and Rs. 133.
After over six years of studying the local market, Starbucks is making a rapid-fire entry into Asia's third-largest economy. Coffee houses are still a relatively new trend in India, and the chains already in business sell cappuccinos and lattes well below Starbucks' usual prices.