As per a report in Mint, Café Coffee Day Holding Co. Pvt. Ltd. which runs nearly 1500 coffee outlets in the country is said to be looking for Rs 500 – Rs 700 crore of funding to support its continued expansion. The investment banking arm of Mumbai-based Edelweiss Financial Services Ltd is running the mandate for Coffee Day while for the debt funding, the company is in talks with non-banking financial companies. The firm plans to use the money to expand the Café Coffee Day chain, strengthen its other businesses and to refinance debt at the holding company level, which has loans outstanding of about Rs. 600 crore. The Café Coffee Day chain contributes nearly a third of the group’s combined revenue of nearly Rs 2,000 crore. Earlier, in 2010, the promoter , VG Siddhartha clubbed all his businesses (except agriculture) under Coffee Day Resorts Holdings. The diversified group’s businesses include Café Coffee Day, vending machines and kiosks, financial services business Way2Wealth Securities, hospitality service ‘The Serai’, logistics firm Sical Logistics Ltd, plantations (over 10,000 acres), waste management and a furniture business called Daffco Furniture. The company is also considering buying back the stakes of at least two investors in Coffee Day Resorts with the latest fund raising. Existing investors include global PE firms KKR and Co. LP, New Silk Route Partners LLC and Standard Chartered Private Equity. In 2010, the three firms picked up a 25% stake in the holding company for around $200 million.