1 hr ago
Honeyman Signs Nepal Franchise, Marking First International Expansion
Honeyman is an Indian food and drink company that uses honey in many products.
It has more than 100 outlets and franchises in India.
The company has made a deal with MV Dugar Group to expand into Nepal.
This will be Honeyman’s first market outside India.
The first shops are planned for Kathmandu.
They will start with ice cream parlours and cafés.
Later, the company plans to add bakeries, tea, drinks and packaged foods.
Honeyman says it wants to build a larger business around honey and beekeeping.
Honeyman has signed a Nepal country franchise agreement with MV Dugar Group.
Nepal will become Honeyman’s first international market after its expansion across India.
The rollout will begin in Kathmandu with ice cream parlours and cafés before adding other formats.
Honeyman’s signature ice cream is sweetened with real honey and contains no refined sugar.
Financial terms were not disclosed, while Nepal’s ice cream market was cited as about USD 189 million in 2025.
- Who
- Honeyman and Nepal’s MV Dugar Group.
- What
- They signed a country franchise agreement to bring Honeyman’s food and beverage formats to Nepal.
- Where
- Kathmandu, Nepal, followed by other major urban centres in Nepal.
- When
- The agreement was announced on September 22; the announcement does not specify the year beyond the dateline context.
- Why
- Honeyman sees demand for premium products and alternatives to conventional refined-sugar offerings, while Nepal’s proximity to India and established trade links make it an attractive first international market.
Key facts
- Indian network
- More than 100 outlets and franchises across India.
- First overseas market
- Nepal will be Honeyman’s first international market.
- Nepal partner
- MV Dugar Group.
- Initial formats
- Ice cream parlours and cafés.
- Planned later formats
- Bakeries, tea and beverage concepts, and packaged honey, spreads, confectionery and other products.
- Signature product
- Ice cream sweetened entirely with real honey and made without refined sugar.
- Nepal ice cream market
- Cited as approximately USD 189 million in 2025, projected to reach approximately USD 263 million by 2032.
Quotes
Yuvraj Kapoor
Co-Founder of Honeyman
“We did not build this business simply to sell dessert. We built it to demonstrate that honey can replace refined sugar in products people love without compromising the experience—taste, texture or indulgence.”
theprint.in
“Nepali consumers travel, they read labels, and they are asking many of the same questions Indian consumers have increasingly started asking.”
theprint.in
Sources
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