New Delhi, Aug 21 (IANS) South Korea-headquartered yogurt chain Yogurberry Sunday said it would set up shop in India within three months and expand to 100 stores in the next five years.

The company plans to open 10 outlets by this financial year in metro and tier-1 cities and will make its maiden foray through its Dubai-based master franchisee, Synergy Holdings.

"India has lots of potential and we are very optimistic about our foray into the country. We will open our first store in the next three months in Delhi, followed by one in Mumbai," said Synergy Holdings Partner Pawan Batavia.

Established in 2004, Yogurberry is present in countries such as the US, China, Brazil, United Arab Emirates (UAE), Kuwait, Qatar, Bahrain, Oman, Panama, Portugal, Malaysia, Sudan, Philippines, Indonesia, Vietnam and Macau.

"Our target is to open 105 outlets across India in the next five years. Out of these, 50 will come up in northern and eastern India," Batavia added.

All outlets will be operated through the franchisee route. Raasha Leisure and Entertainment has been appointed as the area franchisee for northern and eastern India.