New Delhi: The young entrepreneur duo Zonu Reddy and Nischay Jayeshankar have managed to secure a groundbreaking deal that has brought the renowned New York bakery chain, to Indian shores. They will directly compete against big giants with Mukesh Ambani’s Fret and Ratan Tata’s Starbucks in India.


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Reddy and Jayeshankar's venture takes the cake, quite literally, as they introduce the taste of New York to Indian palates.


Duo Opens Spagp Foods


United by marriage and a shared vision for culinary excellence, Zonu Reddy and Nischay Jayeshankar embarked on a journey that culminated in the establishment of Spago Foods, their very own entrepreneurial endeavor. This dynamic partnership led to a significant multi-crore deal with Magnolia Bakery, a beloved institution made famous by its association with the hit TV show Sex and the City. The first Magnolia Bakery outlet was unveiled in Bengaluru in 2019, marking the inception of their delectable journey.


The ambitious entrepreneurs took a meticulous approach, dedicating ten months to craft the quintessential Magnolia Bakery experience before inaugurating their flagship store in Bengaluru, followed by another in Gurugram. This strategic move holds the potential to reshape India's culinary landscape, offering a formidable challenge to established players like Starbucks India and Pret A Manger. With their sights set high, the couple envisions expanding the current count of four establishments to a remarkable dozen, thereby cementing Magnolia Bakery's foothold in the Indian market.


Acquiring Partnership of popular brand Magnolia Bakery in India 


Owned by US-based businessman Steve Abrams, Magnolia Bakery commands an impressive revenue of over USD 23 million (approximately Rs 191 crore in Indian currency). The bakery's popularity, bolstered by its association with Sex and the City, resonates well with the discerning Indian consumer.


In a market where luxury brands and global franchises have typically been the domain of industry giants, Reddy and Jayeshankar's Spago Foods represents the audacious spirit of entrepreneurship. Their story serves as an inspiration, demonstrating that innovation, dedication, and a dash of daring can open doors to unexpected opportunities.


As the aroma of freshly baked goods wafts through their establishments, Zonu Reddy and Nischay Jayeshankar stand as a testament to the power of vision, determination, and the ability to transform dreams into reality. Magnolia Bakery's newfound presence in India is more than just a business venture; it's a celebration of culinary passion and a symbol of the entrepreneurial spirit that continues to redefine the boundaries of possibility.