DLFoffers full rent waiver for lockdown period till june 15
Sunday, 14 June 2020
With the Government of India permitting reopening of malls from June 8, 2020 after almost three months of closure owing to COVID-19, mall operators and retailers can now plan a calibrated opening in the days ahead.
BY arpita srivastava
https://franchiseneed.com
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However, mall re-openings have to be approved by the respective State Governments depending on the severity of COVID-19.
A survey conducted by a leading financial institution with mall operators across India indicate that malls being a relationship-based business, all stakeholders would work together for a feasible solution to minimise losses.
While mall consumption may eventually normalise by Q4FY21 (January-March 2021), mall owners may have to incur rental income losses of 25-40% in FY21E depending on extent of rental waivers offered, if any, and possible shift to a pure revenue share model from minimum guarantee once malls reopen.
Few cities may see malls reopen:
As per Anarock Capital, there are 159 operational Grade A malls in India’s tier I cities with Metropolitan Region (35 malls), Bengaluru (29 malls), New Delhi (17 malls) and Pune/Hyderabad/Gurugram/Chennai (13 malls each) having the major share of malls.
As per directives from Indian State Governments, the cities of Bengaluru in the state of Karnataka and Noida/Greater Noida/Lucknow in the state of Uttar Pradesh may open on 8th June, 2020 with the cities of Mumbai, Pune, Chennai and Gurugram unlikely to see openings in June 2020.
Clarity will emerge over the coming weeks on the number of retailers likely to reopen, safety protocols, opening hours and extent of pickup in footfalls and store consumption. As per mall operators and retailers, detailed SOPs have already been created and would be aligned with the SOPs given by the Government of India prior to the reopening of malls.
Here are few looming challenges for the mall stakeholders in the time to come…
Organised retailers/tenants: Typically, a superior mall has a mix of tenants across sectors such as department stores, apparel, white goods, jewellery, fine dining and QSR food outlets, gaming zones and multiplexes. Pre-COVID, rental costs for retailers (including facility management and common area maintenance) accounted for 15-25% of store consumption/revenue.
With malls in India now closed for over two months since mid-March 2020, retailers have had to forego revenues for this period and may have to potentially bear the store rental costs as well. When malls eventually reopen across India
(earliest possible date is 8 th June, 2020), certain categories such as apparel and department stores along with food QSR operators may be able to kickstart sales. Multiplex operators may have to wait longer to commence operations and also generate footfalls depending on upcoming movie releases/content.
Mall owners/operators: Malls are an annuity business with a few seasonal variations (sale season/festive season) which is captured through revenue share when store consumption crosses a fixed threshold. During leaner periods, a minimum guarantee ensures downside protection for the mall operator. With the
COVID-19 issue likely to linger till at least Q1FY21 (April-June 2020), mall operators stand to lose 20-25% of their annual revenue assuming that a rent-free period is given to retailers.
However, based on our industry interactions, while few mall operators such as Prestige Estates and Lodha Group have decided to give a full waiver for the period of lockdown (Brigade has given a 50% waiver for lockdown period), other major mall operators such as Phoenix Mills, DLF, Nexus Malls and Virtuous Retail have not taken any decision in this regard and will consider terms of rent payment after malls become operational again.
.While many retailers/tenants have cited Force Majeure clauses which would exempt them from paying rentals during the lockdown period, our interactions with legal experts indicate that the Force Majeure clause may not apply in this case as there is no permanent damage to the store or goods in the store nor is there any permanent restriction of physical access to the store. Further, as most operational malls run on Lease Rental Discounting (LRD) loans from banks which are self-liquidating in nature, non-receipt of rent payments would lead to default on principal and interest payments on the LRD loans. LRDs typically carry a repayment tenure of 8-12 years and currently most mall operators have opted for the temporary moratorium period of 3 months on payment of principal and/or interest on these LRD loans.
Consumers: While malls are temporarily closed, discretionary consumption has also been limited with e-tailers having commenced delivery of non-essential items only in May 2020. Even when malls reopen, social distancing and safety norms, negative sentiment and economic uncertainty will influence consumption patterns which may take 2-3 quarters to normalise.
CredR Launches CredR Care, Its On-Demand Doorstep Bike Servicing
Thursday, 11 June 2020
CredR Launches CredR Care, Its On-Demand Doorstep Bike Servicing
CredR Care permits clients to book a bike adjusting bundle from the solace of their homes or workplaces, according to their bicycle make model.
BY arpita srivastava
https://franchiseneed.com
CredR dispatches CredR Care, its On-request Doorstep Bike Servicing
Omni channel utilized bike brand, CredR, has entered the on-request bicycle adjusting portion and dispatches a doorstep bicycle overhauling offering, CredR Care, to address the developing home-administrations advertise that has emerged out of the requirement for social removing and an expansion in day by day utilization of bikes for day by day driving, among shoppers. The full-stack brand, which offers repaired utilized bikes to the customers intends to duplicate a similar achievement in the adjusting section also. This is accessible across four urban areas - Bangalore, Delhi NCR, Jaipur and Pune.
CredR Care permits clients to book a bike adjusting bundle from the solace of their homes or workplaces, according to their bicycle make model and select from a scope of advantageous dates and time allotments to plan the doorstep administration. It additionally takes care of the issue of bike shoppers by giving complete straightforwardness in saves, embellishments, consumables and estimating. The overhauling is finished via prepared auto specialists while following all social removing standards and sanitisation conventions.
The car business in India has made some amazing progress. As per an Indian Brand Equity Foundation (IBEF) report, the bike section, containing bikes and bicycles, holds 81% of the general Indian vehicle share. This portion is likewise purportedly developing at a CAGR of 9.48%. Despite the fact that the numbers represent themselves, the business despite everything falls behind with regards to composed, online bicycle support administrations.
Bicycle proprietors despite everything incline toward utilizing side of the road carports to get their vehicles overhauled, spending Rs 200-400 of every one go, squandering worker hours and presenting themselves to tainting, particularly with regards to the coronavirus pandemic. Moreover, shoppers likewise gripe of being cheated by disorderly players by utilizing counterfeit extra parts and deceptive oils in the overhauling procedure.
Sasidhar Nandigam, Chief Strategy Officer of CredR, stated, "From being a full-stack utilized bike brand, the move into bike adjusting was a characteristic movement for us. Our ability in the area of bicycle renovation and support makes us completely prepared to make this move. With bicycle proprietorship on the ascent because of social removing, we are sure that on-request, doorstep adjusting will likewise observe a rise."
With the lockdown backing off in numerous Indian urban areas, and individuals coming back to work, a tremendous upward pattern has been noted in the interest for utilized bike possession, as individuals are careful about taking open transportation any more. The individuals who effectively own bikes will likewise be hoping to get them adjusted as they will effectively veer away from open transportation towards private versatility after this lockdown.
Edtech Startup Board Infinity Achieves A Revenue Growth Of 400% In FY 2020
Wednesday, 10 June 2020
Edtech Startup Board Infinity Achieves A Revenue Growth Of 400% In FY 2020
During lockdown, the stage has had the option to collect 80%+ participation rates for its live learning programs planned for skilling and employability.
BY arpita srivastava
https://franchiseneed.com
Edtech startup Board Infinity Achieves a Revenue Growth of 400% in FY 2020
Load up Infinity, an ed-tech fire up declared that it has timed income development of 400% in FY 2020 over FY 2019. Lockdown months (April, May) have recorded the most noteworthy development regarding month to month income where it developed around 30% over March numbers. The ed-tech fire up saw a critical flood in rush hour gridlock of 350% with the declaration of the battle, Learn Safe Online. From that point forward, it has become exponentially in this way checking 650% development in paid student base contrasted with the beginning of lockdown.
During the lockdown, the stage has had the option to gather 80%+ participation rates for its live learning programs planned for skilling and employability. Board Infinity is likewise known for the biggest number of industry specialists accessible in India to explain employability related requirements for work searchers in the 0-5 years of work experience extend. It unravels these profession needs with industry specialists from IIT, IIMs and other presumed instructive establishments working in top firms in India and abroad.
Sumesh Nair, Co-Founder and CEO, Board Infinity, stated, "Edtech area is seeing upsurge and fast development during COVID. We have had the option to develop incomes enormously separated from the client base over the most recent 3 months. Our emphasis on efficiency, high development and primary concern have been 3 elements assisting with keeping up high incomes with incredible edges during these occasions too. We have propelled numerous items to ensure jobseekers advantage during these intense occasions. Notwithstanding that, when recruiting eased back down, we have had the option to convey real results, work open doors for our students. A portion of the organizations that employed incorporate names, for example, Sony, Toppr, Andromeda."
He further included that COVID has pushed the development in on the web/live classes and their essentials including a solid group, innovation and procedures have had the option to exploit such a high development marvel.
Board Infinity is additionally right now in cutting edge phases of conversations with marquee Series A financial specialists for development into new markets and for reinforcing learning innovation and new items.
ITC Hotels Launch Responsible Dining Experiences With Swiggy
Wednesday, 03 June 2020
ITC Hotels Launch Responsible Dining Experiences With Swiggy
Swiggy will empower 'no contact' conveyances on all prepaid requests, which includes a conveyance accomplice leaving the food at the doorstep as opposed to an in-person trade.
BY arpita srivastava
https://franchiseneed.com
ITC Hotels dispatch dependable feasting encounters with Swiggy
A multi year solid 'Dependable Luxury' ethos underscores ITC Hotels culinary brands and activities to introduce inventive cooking encounters while holding fast to exclusive expectations of sanitation and cleanliness. Keeping this as the premier need, ITC Hotels has joined forces with Swiggy, India's driving on-request conveyance stage, to offer burger joints capable eating encounters in the solace of their home. In light of the concordance of new and occasional determinations, this capable eating activity brings back the flavor of natural flavors.
Swiggy will empower 'no contact' conveyances on all prepaid requests, which includes a conveyance accomplice leaving the food at the doorstep instead of an in-person trade.
Created with care at ITC Hotels and took care of with most extreme cleanliness to guarantee prosperity, the carefully curated menus will carry interesting food encounters with nearby contributions from the area for coffee shops over every single significant city in India.
ITC Hotels has actualized severe measures and conventions, including obligatory temperature checks for all Chefs and Food and Beverage partners. Additionally, the extraordinary take-out counter at each ITC Hotel has been improved with hand sanitizers and thermometers to verify the wellbeing parameters of nearby food conveyance accomplices.
It might be reviewed that ITC Hotels had taken advantage of the Food and Beverage remove model the nation over as of late and got overpowering input from coffee shops for the "Flavors" takeaway (and home conveyance) eating experience. The relationship with Swiggy attempts to arrive at an a lot bigger client base.
In stage I, ITC Hotels would start the home conveyance adventure with Swiggy for huge numbers of their properties across India. These would incorporate ITC Maurya (New Delhi), ITC Royal Bengal (Kolkata), ITC Grand Chola (Chennai), ITC Gardenia (Bangaluru), ITC Windsor (Bengaluru), ITC Kohenur (Hyderabad), ITC Rajputana (Jaipur), ITC Grand (Goa) and Welcomhotel Bengaluru. In stage II, more ITC Hotels and Welcomhotel properties will be added to the Swiggy home conveyance activity.
Anil Chadha, COO, ITC Hotels, stated, "At ITC Hotels, we are focused on conveying world-class cooking encounters that address the necessities of prosperity through capable practices which are in amicability with nature and society. This adjusts to our ten-year solid ethos of Responsible Luxury. With regards to the present necessities, exceptional preparing programs are directed and precautionary measures for individual, social, and work environments are being disclosed to all partners for mindfulness and practice. We are re-designing our visitor encounters with zero/low partner commitment (counting advanced requesting and e-installment arrangements). The association with Swiggy will help us in dependably conveying our one of a kind culinary encounters utilizing their propelled dissemination arrange. Together we are focused on conveying a capable visitor experience."
Vivek Sunder, COO, Swiggy, expressed, "At Swiggy, it is our steady undertaking to give extraordinary encounters to our clients particularly from the cafés they respect the most. Through our organization with ITC Hotels, clients would now be able to enjoy curated gourmet dishes from well known cafés of the ITC Hotels chain across India through the Swiggy application. We anticipate making remarkable feasting encounters for clients while helping them praise extraordinary events at the solace of their homes."
VIBGYOR EduBridge Scholarship Programme To Offer Financial Assistance To Parents Amidst COVID-19
Tuesday, 02 June 2020
VIBGYOR EduBridge Scholarship Program To Offer Financial Assistance To Parents Amidst COVID-19
VIBGYOR dispatches India's first of a sort grant program during COVID-19 to help guardians.
BY arpita srivastava
https://franchiseneed.com
VIBGYOR EduBridge Scholarship Program to offer monetary help to guardians in the midst of COVID-19
VIBGYOR Group of Schools has revealed a first-of-its-sort grant program in Quite a while, VIBGYOR EduBridge Scholarship Program, to support the guardians who have been influenced by the progressing COVID-19 pandemic. Through this Scholarship program, VIBGYOR means to offer monetary help to the guardians who have been influenced because of the unexpected lockdown.
The program has been planned by a group of specialists at VIBGYOR who have revealed the grant over the most recent seven days and offered backing and help to guardians. The grant is planned for guaranteeing that congruity of instruction is kept up and all partners including educators, understudies and guardians' needs have been reasonably tended to.
VIBGYOR EduBridge Scholarship will be granted after assessment of the budgetary circumstance of the guardians affected by COVID-19 and the outcomes will be declared by mid-June. Guardians over all schools have just been conveyed about the grant turn out and have been asked to apply for it to get to the advantages of the program. The criticism from the guardians has been incredibly positive and they are anxious to be a piece of this novel program.
While VIBGYOR will declare the recipients of the grant in the coming days, VIBGYOR Group of Schools has connected with its understudies with virtual learning meetings post lockdown with instructors coaching them on stages, for example, Microsoft Team and TCS iON, sharing assignments and worksheets to keep up coherence in training alongside all encompassing learning through creative educating approachs.
VIBGYOR Group of Schools representative expressed that all guardians ought to apply to profit the advantages of the grant program. "We have likewise revealed the first of its sort VIBGYOR EduBridge Scholarship Program over each of the 38 schools in 14 urban communities, to help the guardians whose income have been affected by the pandemic and we are wholeheartedly promising guardians to select this program. While the lockdown proceeds with no away from of when schools will revive, we are resolved to keep up congruity in instruction through virtual learning and are beginning e-learning over the entirety of our schools."
Gigantic Surge In Mental Health Issues As India Battles With Coronavirus: Lybrate
Monday, 01 June 2020
Gigantic Surge In Mental Health Issues As India Battles With Coronavirus: Lybrate
The wellbeing and health stage reports a flood of 110% in questions identified with emotional well-being after coronavirus episode.
BY arpita srivastava
https://franchiseneeed.com
Gigantic flood in psychological wellness issues as India fights with Coronavirus: Lybrate
Indians are pondering different types of emotional well-being issues that have risen exponentially post coronavirus flare-up, refers to Lybrate, India's biggest wellbeing and health stage, which has seen over 110% ascent in online patient counsels around psychological well-being conditions on its foundation.
The stage saw over 150% bounce in online conferences looked for by females for issues identified with psychological wellness, while the rate for the equivalent became 85% in guys connecting with specialists on the web.
The most elevated bounce has been seen from Mumbai (125%), trailed by Delhi (109%), Pune (116%), Ahmedabad (97%), Chennai (86%), Bangalore (94%) and Kolkata (74%). Among Tier 2 urban communities, the greatest hop in online interviews concerning psychological well-being has been accounted for from Indore (97%), Lucknow (93%), Kochi (87%), Patna (85%), Bhopal (57%) and Bhubaneshwar (43%).
Generally speaking inside the age sections, the bounce in the patient counsels was has been most noteworthy in the age gathering of 25-45 years. Individuals from 45-60 age sections were next who solicited the lion's share from inquiries on the stage with respect to emotional well-being.
Saurabh Arora, Founder and CEO, Lybrate, stated, "Emotional well-being turned into a state of worry for a dominant part of Indians after COVID-19. We saw on our foundation that even authorities who didn't manage the subject were being counseled about emotional wellness issues. Given the requesting circumstance, we gave an essential meeting to specialists of different experts with analysts on our foundation who prepared them on the most proficient method to all the more likely direction those looking for help in regards to emotional well-being issues. As the inquiries posed were generally conventional in nature, we figured it would come convenient for those specialists who need to assist during the emergency."
The inquiries chiefly rotated around pressure, detachment, claustrophobia, being ineffective, outrage, bothering, depression, disposition swings, not having the option to adapt to relatives around, fractures between life partners, methods for dealing with stress, vulnerability and powerlessness. Generally, there has been a considerable ascent in questions from working individuals around work misfortunes and related pressure, dread and stress on continuing workplaces when COVID-19 cases are ascending in the nation.
In the age gathering of 18-25 years, the rate rise was 80% for online interviews done by guys around emotional well-being, while the equivalent remained at 135% for females. Thus, in the age gathering of 25-45 years, it was 95% for guys and 160% for females. Going to the 45-multi year age section, it was 90% for guys and 140% for females.
Lybrate concocted the bits of knowledge post-investigation of information accumulated in the period between March 1, 2020, and May 25, 2020. The stage has in excess of 3000 specialists, analyst and instructors from the nation over.
Myprotein Launches Five New Products To Boost Immunity
Saturday, 30 May 2020
Myprotein Launches Five New Products To Boost Immunity
From protein enhancements to multivitamins and loads more, Myprotein has immediately developed into India's go-to for all its wellbeing needs.
BY arpita srivastava
https://franchiseneed.com
Myprotein Launches Five New Products to Boost Immunity
World's no 1 online games and nourishment brand has had a heavenly excursion to the top since the time its dispatch in the nation, and they're continually hoping to advance and adjust, giving them a remarkable edge in satisfying India's wellness needs.
From protein enhancements to multivitamins and loads more, Myprotein has immediately advanced into India's go-to for all its wellbeing needs. What's more, to improve this position much further, the brand has quite recently uncovered its noteworthy designs to shake things up more this mid year. Myprotein is presently acquainting five incredible new items with the observing purchasers in our nation, including Clear Whey Isolate, Vitamin C and Grapeseed Tablets, IWP Coffee, Alpha Men Tablets and Daily Probiotic Pills.
Hoping to manufacture muscle with a protein supplement, yet need to avoid overwhelming shakes? Myprotein's honor winning item and universal blockbuster Clear Whey Isolate is an incredible development that splits from the generalization. The fruity kind of Orange and Mango will fulfill your sweet desires, in spite of being low in sugar, and there's no smooth taste or surface.
Notable for helping manufacture collagen, Vitamin C Tablet keeps up our muscles and helps in recuperation from wounds and wounds; upgrades assimilation of iron and diminishes weariness; and functions as a mitigating and wards off contaminations and Grapeseed, high in Vitamins C and E, offers an additional punch with its cell reinforcement properties that improve skin and assume a job in hostile to maturing and illness avoidance.
IWP Coffee gives you a continuance support, particularly in case you're running, swimming, cycling, or paddling, and even helps expanding reps acted in obstruction works out. It can likewise improve quality execution and muscle glucose take-up for better recuperation.
Myprotein's amazing failure sugar IWP Coffee offers you each preferred position, with each serving giving you a greater amount of what you need, 21g protein. Extraordinarily detailed for dynamic men who train hard, Myprotein's Alpha Men multivitamin has a large group of basic supplements which assists with lessening weakness and bolster the resistant framework, keeping you in top structure and Myprotein's Daily Probiotic, keeps up great microbes, while at the same time repressing the development of adverse strains.
Esha Singh, Managing Director (India and Emerging Markets), Myprotein, stated, "We are eager to dispatch these items in India for our clients. Our point is to guarantee that Indian clients get a similar honor winning and bleeding edge items that are accessible in other worldwide markets."
"They are crucial to help a person's physical preparing by satisfying the basic supplement necessities of the body. These items have been valued by our clients in different nations, and we would like to accumulate comparative accomplishment in India. Especially, truly eager to dispatch the reasonable whey in India," she included.
Burger Singh Opens Entrepreneurship Opportunities For Indians
Friday, 29 May 2020
Burger Singh Opens Entrepreneurship Opportunities For Indians
The famous Indian burger chain is aggressively opening-up cloud kitchens pan-India as franchise deals.
BY arpita srivastava
https://franchiseneed.com
Burger Singh opens Entrepreneurship Opportunities for Indians
Burger Singh, the beloved Indian burger chain, famous for its Indian twist, has become a name that's on the tongue of every foodie with a soft spot for burgers. The famed burger chain is now on a mission to groom food-entrepreneurs across the country. Through this initiative, locals will have the opportunity of owning and operating a Burger Singh cloud kitchen franchise outlet in their city.
Currently, the burger chain has 35+ outlets across India with another 20 franchises under fit-outs across the country in cities like Lucknow, Jaipur, Nagpur, Ahmedabad, Delhi NCR, and various regions of Punjab. Since the company is the only delivery focus burger chain in the country, it has survived the worst of the COVID shutdowns. Presently, the company is offering a franchise option only on the cloud kitchen models focused entirely on home deliveries.
The brand witnessed a huge demand for its products in tier-2 cities. Cities like Jaipur and Hyderabad have seen individual outlets do amazing 300-400 orders per day within the first week of their operations. This response has primarily been because of the substantial brand value, affordable price point and native Indian flavours. The brand has also expanded its horizons in tier-3 cities including Surat, Dharamshala, Korba, Zirakpur, Hoshiyarpur to make it accessible for customers across India. Thus, Burger Singh is a brand for all markets.
Kabir Jeet Singh, CEO and Founder of Burger Singh, said, “With a mission to promote entrepreneurship and make India atma-nirbhar, we are inviting proposals from individuals who are interested in partnering with us and promoting the world's largest Indianised burger brand, thereby creating a legacy of Indian burgers.”
The burger delivery chain plans to roll out its second brand "Bowl Hub" also from these franchisee kitchens. The brand currently has 20 outlets. The flexibility of having multiple brands within the same infrastructure thus offers a high return on investment.
Rahul Seth, Chief of Staff at Burger Singh, added, “What we're offering is a limited-time opportunity to start a cloud kitchen at the very affordable price tag of 13 lacs. This includes Burger Singh, Bowl Hub and all future brands we roll out. We are looking for young, hungry entrepreneurs that want to take advantage of the current situation and grow rapidly. The quest is to find the right partners.”
The restaurant owners with existing infrastructures can utilise their already running space and start a Burger Singh franchise with even lesser investment (less than 13 lacs). Burger Singh franchise is also an excellent option for shop owners and people with atypical real estate locations like the 2nd, 3rd floor with extremely low rentals.
The brand also has established an international presence with three outlets and one food truck in London. The respective franchise partner of Burger Singh has plans to take this number up to 17 in the next three years.
Burger Singh's franchise managers are aggressively working on increasing the number of franchises across the country; with Delhi NCR, Punjab, Gujarat, UP, MP, Maharashtra, Telangana, and Karnataka being the regions with the highest interest in the franchise opportunities.
BattRE Launches An Affordable Internet Connected Electric Scooter
Thursday, 28 May 2020
BattRE Launches An Affordable Internet Connected Electric Scooter
BattRE has banded together with San Jose California-headquartered innovation organization Aeris Communications with nation office in Delhi NCR for this moderate associated bike.
BY arpita srivastava
https://franchiseneed.com
BattRE dispatches a reasonable web associated electric bike
With the positive assumption of the Indian EV industry, which developed by 20% in the last financial and seeing solid interest disregarding COVID 19, BattRE Electric Mobility Pvt Ltd, an innovation driven EV startup, has propelled BattRE gps:ie, a moderate web associated electric bike.
BattRE has joined forces with San Jose California-headquartered innovation organization Aeris Communications with a nation office in Delhi NCR for this reasonable associated bike. It is a SIM card-based shrewd vehicle and is available through an advanced cell application.
BattRE gps:ie consolidates a large group of keen highlights on its telematics stage, giving the rider more noteworthy solace, accommodation, and certainty. BattRE gps:ie bikes will be accessible at 50+ vendor areas across Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Telangana, Gujarat, and UP. BattRE gps:ie is additionally accessible on Amazon's site. The ex-showroom cost of BattRE gps:ie begins from Rs 64,990.
Nishchal Chaudhary, Founder of BattRE Electric Mobility, stated, "It is a joy to declare our new contribution, a moderate web associated Electric Scooter which will change the manner in which individuals drive. This is the following degree of tech upheaval to be found in the EV part. Our goal is to construct a whole environment along these lines guaranteeing that the buyer appreciates a total e-portability experience."
Explaining ahead, he expressed, this telematics stage will be a distinct advantage for ride-sharing organizations also. The riders and proprietors will get the live area of the vehicle through GPS just as driving conduct and outing reports. BattRE gps:ie gloats of highlights like remote immobilization, geofencing, secure stopping, and so forth. Setting a speed lock would push cautions at whatever point a speed limit is crossed.
It likewise has a framework for alarms when the vehicle crashes or is being towed away. This data will be consistently accessible on a telephone through the application or on a work area through the entry.
Sameer Mahapatra, Country Sales Head (India and SAARC), Aeris Communications, included, "We are glad to be a piece of BattRE's excursion directly from its initiation and helping them dispatch right-sized and highlight rich associated bikes for both B2B and B2C showcase fragments.
Zoya, Indias Answer To Timeless Luxury, Opens At Vittal Mallya Road, Bangalore
Wednesday, 27 May 2020
Zoya, Indias Answer To Timeless Luxury, Opens At Vittal Mallya Road, Bangalore
Supporters of the well established strategies for Indian karigari, Zoya values plans that give contemporary structure to customary art.
BY arpita srivastava
https://franchiseneed.com
Zoya, Indias Answer to Timeless Luxury, opens at Vittal Mallya Road, Bangalore
The designer of dazzling gems from the House of Tata, Zoya makes its raid into South India with a lead boutique in Bangalores most notable extravagance center. In the course of the most recent decade, this extravagance Maison, with imaginativeness and craftsmanship at its center, has been rethinking the manner in which fine adornments is knowledgeable about India.
Situated in the it neighborhood of Vittal Mallya Road in the core of the city, every one of the 3300 square feet of this boutique talk with a peaceful expert articulation of an affection for fine gems, a profound valuation for the high quality and bespoke, or more every one of the an adoration for the sheer masterfulness that goes into the making of each radiant completed piece; an ideal association of plan innovation with age-old procedures of adornments creation.
With its dividers corniced in fragile shades of white and become flushed, the veneer of this homegrown brand is impressive yet welcoming. The visual language is contemporary and present day while doffing its cap unobtrusively to the intensity of the distinctive. Strolling up the marble steps prompting the passageway, there is a feeling of wonderment that blends with expectation about what anticipates inside.
A spreading ceiling fixture of blown glass in sweet tones of golden and redden hangs over the passageway region, the falling drop-like shapes are glowing and copious. An interesting and beautiful articulation of life's capacity to make and differentiate, it establishes the pace for the remainder of the boutique experience, as one finds subtleties enormous and little that have been made only for Zoya.
The high hall region under the crystal fixture's warm gleam takes into consideration supreme quiet; a space wherein to absorb the atmosphere of the lavish, female insides. The juxtaposition of this non-abrasiveness and limitation with its layered multifaceted nature, one understands, alludes to the inward layers of the Zoya world; insignificant yet perplexing, easy yet made.
Easily painted in shades of white, the delicately coved dividers are refreshingly uncovered however for the leggy plinths where the principal bits of wearable, profoundly contemporary gems are shown. One takes a full breath before being welcomed heartily by the adornments guide, and in this manner whisked away on a wondrous stroll through the boutique and its bejeweled mysteries. The precious stone segment is a hover of unadulterated white light over a round presentation in cool dim, improving the radiance of these perfectly chosen pieces in the best of settings.
There is a feeling of revelation in observing the two specialties on the correct flank of the space, as one moves from the wearable through the more expressive assortments right to the most prized high-esteem pieces where the best of precious stones and shaded stones are framed into adornments of impeccable magnificence. Consistently, these specialties uncover themselves, the faceted mirrors in the corners rimmed in the brand's mark rose gold. Extravagant, open seats exceptionally intended for Zoya welcome the guest to invest energy with the well disposed counsels, respecting and enquiring about the gems, establishing a restful tone.
Offering an island of inventive submersion and self-articulation in the focal point of the boutique's direct floor plan is the Bespoke Area, where customers collaborate with the brands adornments fashioners to co-make custom bits of craftsmanship streaming into fine gems. It is here that one detects the throbbing heart of the brand, where motivation, thoughts, and discussions are completely tossed into the softening heater from where the best plans develop. With bended separators on either side, this space frames a semi-private specialty cunningly cordoned off from the remainder of the boutique, finding some kind of harmony of selectiveness and receptiveness.
All that one sees and encounters on this potent excursion prompts a definitive piece de opposition, the Private Lounge. Set in tints of become flushed at the furthest finish of the boutique, its sheer draperies uncovering as much as they hide, is the elite space that customers are welcome to for a definitive in client experience; discussions about adornments over some hand-fermented channel espresso and new appetizers. The extravagant divider framing and delicate floor covering are incredibly differentiated by the Art Deco-enlivened focus seating in shades of rich white, with the mark faceted mirrors returning by and by to remind the Zoya lady that she is to be sure at the core of this emotional story.
The brand's appearance is worldwide as its spirit is Indian. Discovering motivation ever, craftsmanship, engineering, and cooking, the account meshes finished stories that discover their way into our spirits, moving the guest to the falling Chinar leaves of the Kashmir Valley, bringing alive the hypnotizing design of Italy or the wistfulness and style of Hollywood's brilliant times.
Supporters of the deep rooted strategies for Indian karigari, Zoya highly esteems structures that give a contemporary structure to conventional specialty. From the most tough choice and sourcing of valuable stones, for example, Emerald, Ruby, Tanzanite to abnormal stones, for example, Rutilated Quartz, Peridot, Yellow Citrine; Zoya's pieces are enlivened by the steadiest of hands and most keen of eyes.
Similarly as each bit of adornments is made to a dream, so each detail of the boutique is a work of affection by creators and neighborhood craftsmans. The showcase windows are decorated with finely made paper workmanship recounting to the accounts of the motivation behind each piece. Components from Zoya's various motivations are quietly weaved onto musical screens that help make private specialties inside the bigger space. At Zoya, no detail is excessively little, no story excessively unimportant.
Amanpreet Ahluwalia, Business Head, Zoya, stated, "Zoya is a brand with its heart in India and an eye on the world. Zoya's assortments are propelled by horde ventures, from the ones that take you over the world to the ones that assist you with finding your own female self. The imaginative procedure of every adornments piece can take as long as a year from the plan to bringing it alive, bringing about aesthetic perfect works of art, each with its own story to tell. Having gotten a superb reaction from the North and West of India, we were unable to have discovered an area for our Bangalore boutique that resounded all the more consummately with the brand."
With its quality of an exhibition of artistic work, it is anything but difficult to overlook that one is after all in an adornments boutique. The breathtaking craftsmanship, motivated structure, and a rich heritage of uncommon adornments all joining to frame the various features of this one subtle gem, Zoya may simply be India's response to immortal extravagance.
Buyback Program Offered For The First Time In Used Two Wheeler Market
Tuesday, 19 May 2020
Buyback Program Offered For The First Time In Used Two Wheeler Market
CredR is tending to the requirement for esteem for-cash exclusive versatility.
BY arpita srivastava
https://franchiseneed.com
Buyback Program Offered without precedent for Used Two Wheeler Market
The post-pandemic pattern shows an anticipated move in the buying propensities for clients, from high-esteem items expected for long haul use, to moderately esteem for-cash items for short to medium term use. This abrupt move is quickened by financial factors, for example, present place of employment misfortunes, work uncertainty and feeble purchaser supposition. There has likewise been a gigantic ascent in the inclination of private-portability responsibility for versatility and open transportation, for the dread of infection transmission.
An expansion in private responsibility for and the move to buying of significant worth for-cash items have been the two most characterizing patterns, developing out of the present pandemic circumstance, that will shape shopper conduct until the end of time. To use these patterns, CredR, India's biggest utilized bike purchaser brand, has propelled a bike buyback program, CredR Buyback Plus, over its showrooms dish India.
Under this bike buyback program, customers will get a guaranteed buyback esteem for their bikes at the hour of procurement. This worth can be recovered by the client by selling the bought bike back to CredR inside the specified year window. The bike Buyback Program will be accessible to clients over all showrooms in urban areas, for example, Bangalore, Delhi-NCR, Jaipur, Sikar, Bhilwara, Kota, Pune and Hyderabad.
Sasidhar Nandigam, Chief Strategy Officer, CredR, "It is our resolute concentration to convey esteem for-cash items to our clients, which has been the impetus for all our item developments up until now and will keep on being in the occasions to come. The present lockdown circumstance has made an exceptional interest for our items and in the process enlivened us to make items that can convey more an incentive for our clients. Our sharp business knowledge and valuing calculations make our value projections exceptionally exact. In a commercial center that had no previous idea of standard estimating, we are the initial ones to offer something like this."
He further included that a far reaching shift from shared versatility and open transportation to exclusive portability will no longer stay an extravagance yet will turn into a squeezing need. The present rush of shoppers are unquestionably mindful and esteem driven and need to shield their money related premiums, while as yet approaching quality private-possessed portability. "CredR's Buyback Program is the least expensive exclusive portability item in the market, by an immense edge," he closed.
Moreover, purchasers would likewise remain to profit by CredR's norm/famous administrations like Free 6 Months Warranty, Paper Transfer Assistance and 7 Days No-Questions-Asked Protect strategy. Enjoying some real success on the achievement of its as of late propelled program Contactless Doorstep Delivery of Bikes, CredR accepts this new program Buyback Plus will likewise increase extraordinary acknowledgment among its shoppers.
American Eagle India Announces Partnership With ARTSTHREAD
Tuesday, 19 May 2020
American Eagle India Announces Partnership With ARTSTHREAD
Together, they will have a two-month long imaginative battle welcoming nearby understudies and graduates to enter a shirt configuration challenge, propelled by Diwali.
BY arpita srivastava
https://franchiseneed.com
American Eagle India reports association with ARTSTHREAD
American Eagle India reported that the brand will join forces with ARTSTHREAD, an organization that plans to overcome any barrier among instruction and industry, by giving a launchpad to developing craftsmen and originators. Together, they will have a two-month-long inventive battle welcoming neighborhood understudies and graduates to enter a shirt configuration challenge, motivated by Diwali.
The challenge gives a restrictive chance to youthful and hopeful craftsmen to have their plan remembered for the brand's Diwali case assortment, accessible in all American Eagle India stores and web based, starting October 14, 2020.
Candidates are urged to be imaginative and submit passages communicating what Diwali intends to them. Up to five victors will be chosen, and the prize will incorporate a novel open door for a 3-month virtual mentorship program with American Eagle creators situated in the New York Design Headquarters. This once in a blue moon opportunity will permit the victors to team up with, and gain from industry pioneers, share their thoughts, and increase priceless direction as they set out on their own vocation ways.
Through this organization, the brand would like to engage youth to uncover their actual selves to the world, their style, their accounts, and their inventiveness. American Eagle perceives that its clients are something beyond shoppers, they are locked in teammates that have the right to be commended.
Edtech Startup Classplus Secures $9M Funding To Expand Its Product Offerings
Monday, 18 May 2020
Edtech Startup Classplus Secures $9M Funding To Expand Its Product Offerings
The new subsidizes will be used by the organization to improve its innovation and extend its item contributions.
BY apita srivastava
Edtech startup Classplus makes sure about $9M financing to grow its item contributions
Classplus, a business-to-business (B2B) edtech startup, has made sure about $9 million out of a Series A subsidizing round. The round has been driven by beginning time tech financial specialist RTP Global. It has likewise observed cooperation from existing speculators including Blume Ventures, Sequoia Capital India's Surge, Spiral Ventures and Strive.
The new finances will be used by the organization to improve its innovation and extend its item contributions.
Propelled by Mukul Rustagi and Bhaswat Agarwal in 2018, Classplus empowers disconnected instructing foundations to take their organizations on the web. The Noida-headquartered startup guarantees that in excess of 3,500 training habitats across 70 urban communities and towns in India utilize the stage.
Mukul Rustagi, Co-Founder and CEO, Classplus, stated, "We are the classification chiefs in the portion, and the new raise money will assist us with serving more instructors with world-class item understanding. India is home to the biggest after-school educational cost showcase on the planet and conveyance models continue developing right now. As national assessments move on the web, so should after-school educational cost practices, and this new round of capital is a demonstration of Classplus' capacity to digitize the environment."
Kirill Kozhevnikov, Partner at RTP Global, expressed, "As per the Global Teacher Status Index by the Varkey Foundation in 2018, India was among the best 10 on the planet in regarding educators, however was in the last-10 in paying them. Classplus is exchanging this lopsidedness by engaging guides with full-stack portable arrangements, while keeping up and further improving the high notoriety of mentors."
financing
Ferns N Petals Brings An Extended Range Of Virtual Gifting On This Mother’s Day
Friday, 08 May 2020
As the season to offer thanks to Mothers for their persistent love and warmth towards the family is around the bend, Ferns N Petals welcomes the most insightful blessings on Mother's Day as an all-encompassing scope of Virtual Gifting and customized Green Gifting.
by arpita srivastava
https://franchiseneed.com
These endowments are particularly committed to the cherished moms of the world. Since, the COVID-19 pandemic limits to go out for self-spoiling and has made social removing another standard, advanced endowments like Yoga Class on Call, Beautician on Call, Personalized Mobile App, E-Books, and so forth are worth to catch her inspiring grin in isolate.
Yoga Class on Call is a magnificent gifting alternative that permits you to give additional consideration towards your mom's physical and emotional wellness when going out for exercise is not feasible. It incorporates different kinds of Yoga asanas for reinforcing and molding of body too Preksha reflection which helps in managing tension and regular pressure. Live classes are led by qualified Yoga coaches on a video phone call for 30-40 minutes between the sender and beneficiary.
With a blessing like "Beautician on Call" which targets giving customized cosmetics instructional exercises, mother can become flushed up cheeks and upgrade their magnificence in the solace of home. The make-up craftsman calls the sender on WhatsApp Video call and afterward the sender interfaces the craftsman to the beneficiary. This is the ideal "personal time" blessing which will carry euphoria to the awesome moms. While Personalized Mobile App is a mechanically cool method for wishing her Happy Mother's Day.
Regarding Green Gifting, Ferns N Petals has a particular scope of Pot Plants, for example, Chamaedorea, Pachira, Spider plants, and so forth which can be additionally tweaked by picking the alternative to include photographs or messages pots. One can likewise select from the wide scope of architect grower that are the ideal blessing alternative for Moms who adores planting.
Pawan Gadia, CEO, Online and Retail, Ferns N Petals, stated, "This yearly event is an ideal opportunity to thank our moms for unequivocal love and backing in all an incredible periods. While because of the pandemic delivery are limited, these Mother's Day extraordinary Digital Gifts guarantee to show up on her telephone or email on schedule. We are likewise wagering on green gifting and cakes which are deliverable in green zones, where the predominance of Coronavirus is less. Furthermore, we keep on redesigning our top of the line of customized endowments that are accessible for conveyance inside 3 hours of requesting subject to the lockdown conditions."
Furthermore, virtual blessings like Musician on Call, E-books, and Celebrity on Call are maybe the ideal picks to make recollections that will keep going forever and every one of these endowments are accessible for conveyance across 60 or more nations including India.
Why Investing In An IVF Franchise Will Reap You Huge Profits
Wednesday, 06 May 2020
Why Investing In An IVF Franchise Will Reap You Huge Profits
With the ever-increasing rate of infertility in India, IVF has become a flourishing business opportunity.
BY Vaishnavi Gupta
News Editor
1
Comment
Why investing in an IVF franchise will reap you huge profits
The In-Vitro Fertilization (IVF) services in India have gained loads of popularity among the millennial. Being a parent is one of the most joyous and exhilarating feelings in the world, but there many couples who are unable to become parents naturally. That’s where IVF comes into play, acting as a ray of hope for all those who are having a tough time in conceiving due to various parameters.
With the ever-increasing rate of infertility in India, IVF has become a flourishing business opportunity. In India, the IVF services market is projected to reach $775.9 million by 2022 at a CAGR of 16.6% from 2016 to 2022. This forecasts a positive future for an IVF Franchise business.
Here are the following reasons why investing in an IVF franchise will reap you huge profits:
Rising Number of Infertile Married Couples
The first and foremost reason for the boom in the industry is the rise in infertility among married couples. According to statistics, about 10-14 percent of the Indian population is suffering from infertility. Nearly 27.5 million couples are fighting with infertility in the hope of conceiving a child.
There are various health issues that have led to the rise in infertility among couples. For them, IVF has made a whole lot of difference, hence giving the industry an instant boom.
Lifestyle Changes
One of the major factors contributing towards the growth of IVF franchises in India is the behavioural and lifestyles changes among couples leading to an increased rate of infertility. Rising incidences of infertility as a consequence of increasing maternal age as more women are now starting families later in life is one of the reasons leading to a rise in demand for IVF treatment.
Furthermore, lifestyle-induced disorders such as obesity and smoking are contributing to high infertility rates. These factors are thus driving the in-vitro fertilization market, as women and their families prefer the procedure more compared to the other available procedures.
Medical Tourism
India has become a hub for medical tourism because of its cost-efficiency of hospitals and healthcare treatments. This works as a catalyst for the IVF services industry as India attracts a lot of patients suffering from infertility from outside borders. The IVF services are much cheaper in price but highly effective in India.
The Indian IVF Market offers world-class mechanism with monitored labs under suitable temperatures and best-in-class services at affordable rates. In addition to this, the success rate of IVF procedure in India is as high as 60-65% with the best quality drugs and costs, making it a favourable market for foreigners.
Rise in Single Super-Speciality Hospitals
A single super speciality hospital is one that is primarily and exclusively engaged in the care and treatment of the patients suffering from a specific illness. The rise in single super speciality hospitals has given rise to IVF-centric clinics and hospitals. This rise has led to the IVF service market bloom instantly in the economy.
With single super speciality hospitals and clinics getting prevalent in every nook and corner, married couples that suffer from infertility are becoming more open towards taking the IVF services.
Increase in Demand from Rural Areas
With an increase in literacy level, the taboo and stigma associated with the IVF, surrogacy and related processes have also been eradicated. Especially in rural areas and small towns, where the orthodox and stereotype thoughts have been quite prevalent, the eradication of these has boosted the growth of IVF market.
With increased penetration of IVF franchises in rural India, the Indian IVF market is bound to witness a gush in terms of growth in the years to come.
[Funding Alert] Wellness Startup SARVA Secures Funds To Strengthen Digital Presence
Wednesday, 06 May 2020
[Funding Alert] Wellness Startup SARVA Secures Funds To Strengthen Digital Presence
At present, SARVA offers 25 types of Yoga and plans to arrange the by and by divided yoga and wellbeing industry.
[Funding Alert] Wellness startup SARVA ties down assets to reinforce advanced nearness
SARVA, a yoga and health startup, has made sure about financing from US-based VC Fund Mantra Capital. This is the principal key speculation by Mantra Capital.
The round has seen a budgetary commitment from a nearby key accomplice, the Patni Family. Existing speculator Fireside Ventures likewise partook in the financing round.
The new capital will be utilized by the startup to upgrade its advanced contribution.
Sarvesh Shashi, Co-Founder, SARVA, stated, "We are glad to get this subsidizing from Mantra Capital and the Patni Family Office. Their skill, alongside the mixture of assets, will give a significant lift to our advanced activities, which are being directed across 25 significant nations all inclusive."
"Their (Mantra Capital and the Patni Family Office) aptitude, alongside the mixture of assets, will give a significant lift to our advanced activities, which are being led across 25 significant nations comprehensively. During these occasions, individuals are continually attempting to discover exercises that help in diverting their pressure. Also, what superior to yoga, a training that can assist you with staying sound and dynamic both intellectually and truly," he included.
SARVA was established by Sarvesh Shashi in 2016. The yoga and health startup offers access to yoga, care and wellbeing to the world through two methodologies, physical and computerized.
As of now, SARVA offers 25 types of Yoga and expects to compose the by and by divided yoga and health industry.
Jay Krishnan, Partner at Mantra Capital, expressed, "SARVA's interesting mix of a disconnected and online playbook is perfect for a market like India. The learnings from the disconnected market positions SARVA to interestingly tailor its substance to be curated on the online stage. Mantra's approach of sponsorship tech for human great at a time like this is an approval of our help of business visionaries like Sarvesh and his group."
SARVA had raised Rs 20 crore from Fireside Ventures and different speculators in December.
[Funding Alert] Wellness Startup SARVA Secures Funds To Strengthen Digital Presence
Wednesday, 06 May 2020
[Funding Alert] Wellness Startup SARVA Secures Funds To Strengthen Digital Presence
At present, SARVA offers 25 types of Yoga and plans to arrange the by and by divided yoga and wellbeing industry.
[Funding Alert] Wellness startup SARVA ties down assets to reinforce advanced nearness
SARVA, a yoga and health startup, has made sure about financing from US-based VC Fund Mantra Capital. This is the principal key speculation by Mantra Capital.
The round has seen a budgetary commitment from a nearby key accomplice, the Patni Family. Existing speculator Fireside Ventures likewise partook in the financing round.
The new capital will be utilized by the startup to upgrade its advanced contribution.
Sarvesh Shashi, Co-Founder, SARVA, stated, "We are glad to get this subsidizing from Mantra Capital and the Patni Family Office. Their skill, alongside the mixture of assets, will give a significant lift to our advanced activities, which are being directed across 25 significant nations all inclusive."
"Their (Mantra Capital and the Patni Family Office) aptitude, alongside the mixture of assets, will give a significant lift to our advanced activities, which are being led across 25 significant nations comprehensively. During these occasions, individuals are continually attempting to discover exercises that help in diverting their pressure. Also, what superior to yoga, a training that can assist you with staying sound and dynamic both intellectually and truly," he included.
SARVA was established by Sarvesh Shashi in 2016. The yoga and health startup offers access to yoga, care and wellbeing to the world through two methodologies, physical and computerized.
As of now, SARVA offers 25 types of Yoga and expects to compose the by and by divided yoga and health industry.
Jay Krishnan, Partner at Mantra Capital, expressed, "SARVA's interesting mix of a disconnected and online playbook is perfect for a market like India. The learnings from the disconnected market positions SARVA to interestingly tailor its substance to be curated on the online stage. Mantra's approach of sponsorship tech for human great at a time like this is an approval of our help of business visionaries like Sarvesh and his group."
SARVA had raised Rs 20 crore from Fireside Ventures and different speculators in December.
WoodenStreet To Spend $500K, Reveals Plans For Touch-Free Stores
Saturday, 25 April 2020
WoodenStreet To Spend $500K, Reveals Plans For Touch-Free Stores
The brand has been mapping out a reemergence procedure, given that new instances of COVID-19 appear to level out in a few areas the nation over.
by arpita srivastava
https://franchiseneed.com
WoodenStreet to burn through $500K, uncovers plans for contact free stores
Custom furniture startup WoodenStreet is intending to burn through $500K to change how its experience stores will feel and capacity post-coronavirus pandemic. The arrangement incorporates a without touch store approach, computer generated reality and 3D benefits and sterilized inventory network.
The brand has been mapping out a reemergence technique, given that new instances of COVID-19 appear to smooth out in a few areas the nation over.
Focused on making furniture shopping a sheltered encounter for clients, the procedure includes everything from day by day store-wide sterilization and social removing approaches to virtual contact-less administrations on the site. The organization will likewise utilize its VR module, propelled in the past quarter, which permits computer generated reality walkthroughs of a client's home, outfitted with WoodenStreet furniture and style extras, legitimately from their cell phone.
Lokendra Ranawat, CEO of WoodenStreet, stated, "Given how COVID-19 has for all intents and purposes changed everybody's conduct and way of life. We need to guarantee clients of their wellbeing and of our workers with the goal that they feel certain about shopping."
As each different business inside India, WoodenStreet shut-down its stores on the 22nd of March after the Prime Minister had engaged the country for a 21-day lockdown. Since reports of a lull in contamination rates rise, the organization intends to open a portion of its 25+ Experience stores across green zones and moderately solid zones.
So as to console clients of their security inside the stores, the organization has arranged a nitty gritty arrangement.
Contact Free Experience Stores
The arrangement for the store incorporates:
1. Clients are encouraged to take an arrangement before visiting; this will help staff to engage close to two families inside the store while keeping up social removing
2. Different store-wide sanitizations day by day alongside day by day temperature screenings of the staff and ordinary clinical assessments
3. An exacting sans touch strategy inside the store; a store official will clarify the items and their usefulness while looking after separation.
4. Usage of virtual store instruments and VR module to lessen individual to-individual association; clients can encounter virtual store walkthroughs or items from inside their homes
5. Execution of without touch exchange modes
6. Limitations on section without covers; available for clients who show up without one
"COVID-19 presents another road of progress, where the new social standards can't be trifled with. Veils and social removing are setting down deep roots for the since quite a while ago run, and we are prepared to grasp these standards," Ranawat included.
For the future, the organization additionally has plans to continue its workplaces with a decreased limit of 25-30%, permitting basic staff with social removing and purification standards while others keep rehearsing telecommute.
AIIMS Delhi To Deploy Robots By Milagrow At Its Advanced COVID-19 Ward
Friday, 24 April 2020
AIIMS Delhi To Deploy Robots By Milagrow At Its Advanced COVID-19 Ward
Being gone after for prudent steps, these robots will help AIIMS to advance physical removing between wellbeing laborers and coronavirus tainted patients.
BY arpita srivastava
https://franchiseneeed.com
AIIMS Delhi to convey robots by Milagrow at its progressed COVID-19 ward
As India's human services framework thinks about expanding instances of COVID-19, India's customer mechanical technology brand Milagrow has reported its endeavors with AIIMS, Delhi to help contain the spread of the pandemic among specialists and social insurance laborers. Under this exertion, its propelled AI-controlled robots, Milagrow iMap 9 and Humanoid ELF will be tried in the progressed COVID-19 ward at AIIMS, Delhi.
Fabricated in India, the Milagrow iMap 9 is a story sterilizing robot that can explore and disinfect the floors with no human mediation. It can demolish COVID spores on floor surfaces utilizing a sodium hypochlorite arrangement, as suggested by ICMR. The robot moves around independently without falling, maintaining a strategic distance from check while arranging its own way, guided by LIDAR and propelled SLAM innovation.
Milagrow's protected Real-Time Terrain Recognition Technology (RT2RT) filters at 3600, 6 times each second to make a story map progressively with an exactness of up to 8mm over a 16m separation. This empowers the iMap 9 to perform effectively in the main endeavor, while different robots can take twice or thrice the time. Moreover, the robot can do zoning, virtual obstructing of avoidable zones and successive cleaning of zones dependent on explicit necessities.
The Milagrow Humanoid ELF empowers specialists to screen and collaborate with infectious COVID-19 patients remotely with no individual to-individual contact, along these lines essentially diminishing the transmission chance. Exhausted patients in confinement wards can likewise collaborate with their family members every once in a while through this robot.
The Humanoid ELF can explore around the ward freely and record the exercises in top quality video and sound. Offering 8 hours of battery life, it can go about 2.9 km every hour, is 92 cms tall, has in excess of sixty sensors, one 3D and one HD camera, and a 10.1" show screen. The propelled humanoid highlights eyes with Emotion, Open API for additional turn of events and customization. Both the Milagrow iMap 9 and Humanoid ELF accompany the auto charging highlight.
Randeep Gulria, Director of AIIMS, stated, "Milagrow Floor Robot iMap9.0 and Milagrow Humanoid will be attempted at AIIMS Hospital New Delhi."
Through the organization with AIIMS Delhi, Milagrow now anticipates adding to India's undertakings to stop the virus.
Rajeev Karwal, Founder Chairman of Milagrow, included, "Milagrow Robots is glad to help AIIMS in its push to battle the Corona pandemic and will work near grow more items dependent on the input of real conditions. Nations like United States, China, and Italy have as of now effectively actualized AI-based robots at wellbeing offices to limit human intercession in treating COVID-19 patients, and India can duplicate the equivalent to give some help to its forefront medicinal services laborers in their fight against coronavirus. As the flare-up keeps on rising alarmingly, our best in class robots will help check the infection spread and ensure the specialists, attendants, and parental figures from getting tainted."
Five Mind-Blowing Food Kiosk Franchise Opportunities Under 10 Lakh
Wednesday, 22 April 2020
Five Mind-Blowing Food Kiosk Franchise Opportunities Under 10 Lakh
Read on to look for some of the best-selling food kiosk franchises that can be started with an investment of less than Rs 10 lakh.
BY arpita srivastava
https://franchiseneed.com
Five Mind-Blowing Food Kiosk Franchise Opportunities under 10 lakh
For those who have big dreams to venture into business but are constrained due to lack of capital can take a breath and relax as kiosk franchising opportunity is in full swing. One of the biggest advantages of a kiosk model for consumers is that one does not have to wait in queues for their order and that it is convenient for them to purchase items on-the-go with kiosks, especially in case of a food kiosk.
Food Kiosks are an excellent option for food enthusiasts to begin a business with minimum investment and risk. Any budding entrepreneur, who is looking forward to venturing into the franchise world but is constrained due to lack of capital, can opt for kiosk format. Taking a franchised kiosk offers a lot more benefits as in a low start-up cost, where you get a branded outlet with all facilities of a retail outlet.
Here are the best-selling food kiosk franchises that can be started with an investment of less than Rs 10 lakh:
Momo Kiosk
The growing culture of eating out has made momo a roadside hit among the foodies. Momos are being loved by people for its taste and price-effectiveness. Local vendors, small kiosks and food trucks are found serving momo at every nook and corner. There are a bunch of eateries offering hundreds of varieties of these mouthwatering delights with most of them taking the franchise route for getting bigger in less time.
Momo franchise is one of the greatest business opportunities in today’s time. Talking specifically about a momo kiosk, it can be a very lucrative business option as the biggest concerns of consumers like hygiene and quality of momos can be resolved with a kiosk franchise of momos.
A reason why Momo Kiosk could be a big hit is that it requires an easy investment range of Rs 5-10 lakh for an area of 120 sq ft. One can earn back this investment in less than 6 months.
Popcorn Kiosk
People like to munch on popcorns in their movie-time or whilst enjoying a favourite sports tournament. Therefore, the trends on popcorns never fade in a small span of time.
As popcorns are one of the most purchased snacks in shopping malls and multiplexes, popcorn brands are looking to start their kiosks’ franchise in every mall and multiplex for better exposure and expansion.
As per the sources, a gourmet popcorn franchise can be started in a small investment of about Rs 2-3 lakhs, including the franchise fee and the other operational expenses like equipment, furniture, fixtures, and advertising, and the breakeven period is just 6 months.
Ice Cream Kiosk
In India, the ice cream industry is one of the fastest growing segments of the dairy or food processing industry. The ice cream industry generated revenue of over $1.5 billion in 2016 in the country and is projected to generate revenue of approximately $3.4 billion by 2021.
In this sector, the growth can be envisaged by the ever-increasing players and their expansion pan India through the franchise route. As this business model shows its immense potential, a lot of restaurateurs are experimenting with the fresh concept of ice-cream parlor. Even big brands like Baskin Robbins are coming up with various franchise formats including kiosk model for aspiring franchisees.
A kiosk franchise of ice-cream can be started in a minimum investment of Rs 10 Lakhs for an area of 112 sq ft. A minimum of 24 months can be anticipated as the probable period to expect a return on investment for ice-cream kiosk.
Juice Kiosk
Once being largely dominated by unorganised market, the concept of juice bars have now imbibed sophistication and are becoming what we call a ‘juice lounge’.
There are a lot of juice kiosks that are making the market more organised. Juice kiosks franchises are an easy investment but highly-rewarding business model.
The investment range of a juice kiosk starts from Rs 9 lakhs and ends up to Rs 12 lakhs for an area of 80-250 sq ft. The invested amount can be earned back in 12-18 months.
Milkshake Kiosk
As per sources, milkshakes have gained popularity in India in the last two-three years and the high demand comes from locations where families reside, completely contrary to the notion that students or younger crowd consume such products. Milkshake kiosks are more often considered the best ways to attract consumers and are proved to be lucrative business opportunities due to its high footfall.
A milkshake kiosk can be started with a minimum investment of Rs 9 lakhs and can go up to Rs 30 lakhs depending upon the brand. The area of the kiosk is generally 120-300 sq ft and the probable payback period is 12- 24 months.
oyo
Monday, 20 April 2020
In the midst of COVID-19, OYO Townhouse Provides Free Stays To Medical Personnel
At first, the organization is sans giving remains at select OYO Townhouse inns in Gurgaon and Bangalore.
BY arpita srivastava
In the midst of COVID-19, OYO Townhouse Provides Free Stays To Medical Personnel
OYO Hotels and Homes is sans offering remains to specialists, attendants and other clinical people on call who are helping in the battle against COVID-19 in India. At first, the organization is sans giving remains at select OYO Townhouse inns in Gurgaon and Bangalore.
OYO will give free housing on the presentation of distinguishing proof cards by the clinical people on call who are needing a spot to remain and are confronting any settlement issues.
Ankit Gupta, Chief Operating Officer and SVP, Frontier Businesses, OYO India and South Asia, stated, "We at OYO are doing everything conceivable to guarantee the prosperity of the social insurance experts who are our bleeding edge against COVID-19 and it is our obligation to help them. We have started comparable endeavors in the United States, Malaysia, Thailand and Nepal. We wholeheartedly thank our advantage proprietors also for their magnanimous organization in this choice. Without their help, these activities will fail. We will keep on investigating each road to guarantee all conceivable help for human services experts in India."
Through OYO' application or site, those on the cutting edges in the clinical network can book select OYO Townhouse lodgings to get their reservation for the shortlisted OYO inns.
Gyan Parkash Tayal, OYO Townhouse resource proprietor of a lodging in Gurgaon, expressed, "When the OYO group connected with us to offer our inn liberated from cost to the specialists and medical caretakers in the region, I promptly concurred as this was a chance to offer back to our actual contenders. OYO has been with us in our troublesome occasions so I need to be with them to battle this emergency together."
"The staff of the inn is following all important wellbeing warnings with respect to safety measures to be taken in the wake of COVID-19. The staff has been prepared to adhere to standard strategies like wearing veils, gloves and is guaranteeing negligible touchpoints with visitors and other staff. Nourishment is likewise being served in expendable things to guarantee wellbeing and sanitation," he included.
[Funding Alert] Wellthy Therapeutics Secures $4 Mn For Business Expansion
Thursday, 16 April 2020
[Funding Alert] Wellthy Therapeutics Secures $4 Mn For Business Expansion
The new capital will be utilized by the Cipla-sponsored organization to improve item suite, for universal development of its business and to venture into more up to date treatment zones.
BY arpita srivastava
https://franchiseneed.com
[Funding Alert] Wellthy Therapeutics makes sure about $4 mn for business extension
Advanced therapeutics startup Wellthy Therapeutics has made sure about $4 million in its Pre-Series A financing round from Saama Capital.
The new capital will be utilized by the Mumbai-based organization to upgrade item suite, for the global development of its business and to venture into more current treatment territories.
Other than utilizing this raise to develop its item suite and grow topographically, the Cipla-sponsored organization will quicken the presentation of its respiratory computerized restorative portfolio, which is particularly pertinent in the present circumstance.
Abhishek Shah, CEO and Co-Founder, Wellthy Therapeutics, stated, "The accomplishment of our underlying business dispatch rouses us to put further into clinical approval, item, and appropriation. The financing will permit us to put further into improving patient results and produce further genuine proof while growing our remedial portfolio, geographic and partner reach."
Suresh Shanmugham, Managing Partner at Saama Capital, included, "Wellthy Therapeutics is bringing innovation empowered, moderate computerized therapeutics to make understanding results progressively available. The organization extraordinarily consolidates certifiable proof with clinically approved consideration pathways, to convey its computerized therapeutics over different remedial zones, by means of driving venture accomplices in social insurance, to patients in numerous nations."
Wellthy Therapeutics was begun by Abhishek Shah, Prayat Shah and Aradh Pillai in 2015. The organization works with driving protection, pharmaceutical, clinical gadget organizations, and enormous emergency clinic frameworks for conveying clinically-approved computerized treatments that improve the wellbeing results and personal satisfaction of those with a constant condition.
In March 2018, the organization raised Rs 13.5 crore as a component of its seed financing, drove by GrowX Ventures and the Ranjan Pais (Manipal) Family Office. This round likewise observed support from Beenext Ventures, Currae Healthtech Fund, and other key HNI financial specialists.
Cipla Limited took an interest as an expansion to the seed round in February 2019. It contributed Rs 10.5 crore for practically 12% stake in the organization.
With Latest $7.5M Funding, Lido Learning Plans To Expand Its Offering To Indian Students
Monday, 13 April 2020
With Latest $7.5M Funding, Lido Learning Plans To Expand Its Offering To Indian Students
With the new funding, Lido plans to build a presence in Tier II and Tier III towns to democratize high quality education across India.
by arpita srivastava
https://franchiseneed.com
With latest $7.5M funding, Lido Learning plans to expand its offering to Indian students
Lido Learning, an ed-tech startup focusing on live online tutorials, has just closed a $7.5 mn Series B round. The round is led by Ant Financial-backed BAce Capital, and completes the ed-tech startup’s overall funding at $10.5 million. Existing investors also participated in the round.
Amid the COVID-19 pandemic and with a growing number of parents exploring distance learning as an option for their children, Lido fills the crucial need for technology that connects expert teachers to students across the country.
Benny Chen, Managing Partner at BAce Capital, said, “The first time I met the Lido team, I realized this is not just another startup, but a strong team with a united vision to provide every Indian family with an equal and better quality education that they deserve. In just a couple of months, Lido has built a community of students, tutors, and parents leveraging its technology to make education more accessible, and improve the interaction between students and tutors significantly through measuring learning results.”
Sahil Sheth, Founder and CEO, Lido Learning, stated, “We are excited for this next stage of growth, as online tutorials are going to take off in a big way in India. With high-speed internet penetration, the tech infrastructure is ready; and as more students and parents experiment with online learning in the current pandemic, the customer mindset is ready.”
“At Lido, we want to make sure the online tutorial experience is significantly better than what you can get offline. That is why from day one we have been focused on building extreme personalization for every student’s needs, with AI and advanced analytics, while still keeping the fun of going to tuition classes with friends, and having a teacher in a small group format who motivates and coaches. Our vision is to build 250 million unique learning journeys for 250 million unique Indian students, and we are constantly striving to get there,” he added.
Within a year, Lido has built a rapidly growing customer base across all major cities while offering Maths and Science tutorials for Classes 5-9 in ICSE and CBSE syllabus. With the new funding, Lido plans to build a presence in Tier II and Tier III towns to democratize high-quality education across India; and expand into more curriculum-focused subjects, as well as 21st-century skills like analytical thinking, critical reasoning, communication, collaboration, and creativity.
Lido is BAce Capital’s first ed-tech investment in India, as part of a strategy to continue investing in early-stage companies in emerging economies, focusing on India and Southeast Asia.
“During the tough season of a global pandemic and in the years after, BAce is committed in supporting Lido to deliver the best quality tutoring services to Indian families,” Chen further stated.
Jaipur Watch Company Launches A New Bespoke Watch
Saturday, 11 April 2020
Jaipur Watch Company Launches A New Bespoke Watch
The watch is fueled by an exceptional Swiss Quartz mechanical development.
BY arpita srivastava
Jaipur Watch Company Launches A New Bespoke Watch
Indias just bespoke watchmaker, Jaipur Watch Company, has propelled a bespoke gold watch utilizing the last coin printed under the British Rule, a one Rupee coin from 1947. The coin has an Indian tiger standing and confronting left. The legend underneath has India with the year 1947. The estimation of the coin is recorded in Devanagari, English, and Urdu.
The watch is fueled by an excellent Swiss Quartz mechanical development. Its belt is veritable excellent hand-made calfskin. The external component of the case is 39 mm. The precious stone of the watch is made of sapphire. The screwed down back front of the watch is made of gold.
Gaurav Mehta, Founder of Jaipur Watch Company, stated, "1947 being a significant year in our history, the watch is an extraordinary gatherers thing. The watch is likewise perfect for those searching for making style explanations utilizing verifiable themes."
Jaipur Watch Company is Indias just bespoke watch organization that began by making watches fusing Pre-British Era coins.
Today, Jaipur Watch Company makes a scope of hand crafted watches that ooze extravagance as well as a convention with an unpretentious trace of contemporary structure. Assembling Plant of Jaipur Watch Company is in Peenya, Bengaluru.
Five Tricks To Finding Your Niche At Higher Education Learning
Monday, 06 April 2020
Five Tricks To Finding Your Niche At Higher Education Learning
The "time span of usability" of instructive degrees and declarations has become exceptionally short and advanced education must have the option to react all the more rapidly to these progressions and give the imperative instructive changes to deal with these necessities.
BY arpita srivastava
franchiseneed.com
Five Tricks to Finding Your Niche at Higher Education Learning
In advanced education, everybody is searching for a specialty, to be that bloom that stands apart from the others in a field. The best open doors for development will happen in claim to fame as well as specialty programs, which draw in new populaces of understudies requiring help with vocation improvement and progression and utilize the assets as of now set up for customary advanced education programs.
Specialists show that 60 percent of the occupations that will exist in the following 10 years have not been designed at this point. Because of this fast change, training, business and industry will require another arrangement of expert abilities each a few years. The "timeframe of realistic usability" of instructive degrees and authentications has become short and advanced education must have the option to react all the more rapidly to these progressions and give the imperative instructive changes to deal with these necessities.
New alumni programs need to adjust to the changing needs of the expert occupation advertise and the changing jobs graduates are relied upon to accept in their expert obligations.
Synergistic learning
Learning in gatherings can accomplish more noteworthy point of view and comprehension than any individual can alone. In any case, we need apparatuses for sharing reasoning and making learning obvious to other people. Understudies will investigate how to utilize documentation to "make noticeable" both what and how understudies realize.
Industry driven educational plan
In a period of quick development, understudies continually need advancement. Authoritative pioneers progressively understand the basic job key administration plays in creating better results. Through this program instruction pioneers and administration groups from a variety of expert settings the devices expected to sharpen their vital aptitudes and mentalities and recognize compelling answers for initiative difficulties. To guarantee and supporting understudies with these limits, industry needs to assume a job in structuring the educational program for the program too.
Cross breed learning
This will permit people to keep up their present proficient position and furthermore progress in the direction of a propelled degree. For the most part, understudies returning for their graduate degree are bound to be utilized and need to keep up their present proficient situation as opposed to coming back to class full-time.
Understudies in the University ought to likewise be given the adaptability to gain from specialists over the world through advanced stages. They should be incorporated into the educational plan.
Experiential learning
It is a way to deal with educational plan structure that goes past the basic hand-off of data to assist understudies with creating transferable information and abilities that they can apply in circumstances they have never experienced. They ought to learn and encounter training as a hands-on venture, which guarantee information retainership for long.
Critical thinking and Critical reasoning
This is a significant segment of understudy learning. How would you guarantee that you can think past accessible data and interface spots to comprehend the bigger picture. These instruments empower one to apply the correct information and organized deduction procedure to recognize and take care of the correct issue.
Due To COVID-19 Health Crisis, Portea Medical Rolls-Out Solution To Help Its Customers Stay Safe
Sunday, 05 April 2020
Due To COVID-19 Health Crisis, Portea Medical Rolls-Out Solution To Help Its Customers Stay Safe
Portea is offering both its direct customers and corporate partners, a 14-day home quarantine management service to enable them to stay safe during the COVID-19 pandemic and manage symptoms if any.
Due to COVID-19 health crisis, Portea Medical rolls-out solution to help its customers stay safe
As part of a collective effort to provide care at home, various leading Home healthcare providers including Portea Medical have come together to form the Home Healthcare Association. The association has been engaging various government bodies and healthcare federations to offer solutions on the ground to jointly fight the COVID-19 health crisis. One of the key solutions offered by this industry group is Home Quarantine management.
As part of this, Portea has launched a home quarantine solution called ‘Fit to Fight Corona’. The offering comes as a part of the companys ongoing effort to help its consumers tackle the Coronavirus health crisis. Portea is offering its direct customers and corporate partners, a 14-day home quarantine management service to enable them to stay safe during the COVID-19 pandemic and manage symptoms if any.
The symptoms of Coronavirus resemble many other respiratory ailments and flu. There is thus a lot of confusion among people on how to manage the condition, when to get tested, etc. The virus can also harm people with low immunity such as the elderly, more so if they have associated conditions like high blood pressure. Given this, Portea has undertaken initiatives to not only sensitize people about the condition but also offer support in more ways than one.
Meena Ganesh, MD, and CEO, Portea Medical, said, “The novel-Coronavirus (COVID-19) has emerged as one of the biggest threats to global healthcare in modern times. With over 200,000 infections and a mortality rate of 4%, this virus has once again underscored the role that health-tech startups can play in such a scenario. Apart from accurate information and awareness on Coronavirus, there is a need to also ensure that people with low immunity such as the elderly are provided with basic healthcare services at home. This will ensure that they do not come into contact with those who have the infection given their susceptibility.”
“Home quarantine can be of help in this regard and it is also essential for anyone who is at risk of contracting the infection. Through the Fit to Fight Corona solution, we aim to ensure that our customers can remote assessments at home and are continuously monitored by health professionals. This helps them know early on as to whether their symptoms require them to take any proactive action e.g testing or visiting a hospital. We also plan to partner with some hospitals for home quarantine solutions. This is our way of ensuring that we fight this public health crisis together and take collective action by preventing it from spreading further,” she added.
The 14-day home quarantine package for Porteas regular customers starts with an onboarding call for assessment and education on home quarantine. There will be daily calls to check for the next 5 days including temperature, heart rate, respiratory rate, and questions on an increase of or any new symptoms. They will also be advised on isolation and nutrition and there will be an essential call by a doctor on 0, 7th and 14th day. In case there are symptoms that require escalation e.g. testing or visit a COVID-19 hospital, then they would be advised and provided the appropriate guidance.
Portea has been focusing on raising awareness and on-ground action against the pandemic. It recently partnered with the Government of Goa and Verloop to launch the Cobot-19 Information and Awareness Chatbot. It is aimed at helping people resolve their queries around precautions to be taken to avoid getting infected, among other things and as a one-stop source of authentic information.
Lockdown Impacts Production And Supply Of Healthcare & Hygiene Essentials In India
Wednesday, 01 April 2020
Lockdown Impacts Production And Supply Of Healthcare & Hygiene Essentials In India
The need of the hour is to classify items in both categories as essential services and allow for hassle-free movement.
by:arpita srivastava
https://franchiseneed.com
Lockdown impacts production and supply of healthcare & hygiene essentials in India
The 21-day lockdown has dealt a blow to the delivery of essential items even as startups face challenges in production and supply. Although medical devices are part of essential items and were termed as excluded from the lockdown, there continues to be a lot of ambiguity around the matter. Startups manufacturing devices such as those used for checking vital health parameters and those that produce hygiene-based products have been particularly hit.
There are avoidable restrictions on the mobility of those engaged in the supply, distribution, and transport of medicines, or raw materials for making masks, sanitizers, etc, apart from medical devices. With the production held up, there is a shortage of items that may be much needed at this time.
Several other hygiene products including sanitary napkins are also not clearly enlisted under essential goods. This is also leading to supply issues across the country.
Neha Rastogi, Co-Founder and COO, Agatsa, said, “We have innovated the worlds smallest ECG device called SanketLife and sell it online to both the doctors and heart patients for the digital home and remote monitoring of ECG for cardiac patients. Although medical devices are exempted from the lockdown and are considered essential, there is confusion between government directives and police authorities. We are neither able to continue with our production, nor ship our orders because of lack of shipping and logistics services during the lockdown.”
“Our device can be highly instrumental in remote and home monitoring of cardiac patients during the Corona pandemic and they do not need to travel to hospital for regular checkups. There is a need for the government to consider this matter urgently and enable us to produce and supply our products to the doctors and patients,” she added.
Vikas Bagaria, Founder of Pee Safe, stated, “The lockdown, although necessary, has been a little cumbersome. We had to shut our warehouse after the announcement of the lockdown. Our products such as the alcohol-based hand sanitizer and N95 masks are required by some of the hospitals to carry out their operations. Even sanitary napkins are an important category. Though we are being provided with curfew pass now and then, this needs to improve. It is important to classify certain other products as essential. This includes sanitary napkins and other hygiene-based products.
Recently, the Department of Pharmaceuticals (DoP) also wrote to the chief secretaries of all state/UTs to review the matter and issue directions for treating these activities as essential services. They have also
requested to direct the authorities concerned to make necessary arrangements for issuance IDs/entry pass so as to facilitate movements of the workers engaged in these essential activities.
Afdindia Launches Online Learning Classes
Tuesday, 31 March 2020
Afdindia Launches Online Learning Classes
BY:ARPITA SRIVASTAVA
Considering the episode of novel coronavirus, afdindia, Indias most established structure selection test training foundation, has propelled internet learning classes for understudies planning for NIFT, NID, CEED, UCEED and NATA tests.
The web based learning activity has been presented to support understudies, to assist them with continueing with their arrangements for the selection tests. This will give understudies, access to courseware and coaches, from anyplace.
https://franchiseneed.com
Vinny Thomas, CEO of afdindia, stated, "Our resources have begun to telecommute to create educating learning content that can be conveyed straightforwardly on to the cell phones of understudies. The current emergency has allowed us a chance to change our instructing model. Web based learning helps in sparing travel time and decreasing expense of driving and empowers understudies to gain from anyplace."
The establishment is arranging flipped study hall and dynamic learning methodologies, where understudies can see and tune in to guides, during live classes at planned occasions. There is additionally an open door for understudies to associate with schoolmates and access to examine assets from the cloud. Schoolwork and assignments are finished by understudies from home, and transferred to the cloud, which is evaluated by the guides, criticism and grades are given on the web.
Consistently lakhs of understudies apply for NATA, NIFT and NID placement tests. Be that as it may, just a couple can make sure about a seat in the chief plan and engineering schools. afdindia has built up an educational plan structured by subject specialists with over two many years of involvement with the plan entrance instructing industry. Understudies are gotten through thorough preparing for the first period of the affirmation test and once the understudies clear the composed assessment, the foundation sets them up for stage 2, which comprises of circumstance tests in NIFT and Studio test in NID.
Julie James, Academic Director, afdindia, expressed, "With the across the nation lockdown, internet learning is the best way to give classes to the forthcoming, NIFT circumstance test, NID studio test and the engineering selection test, NATA. The classes will be directed on world-class stages including Google Classrooms, Zoom, YouTube live, and so on. We will guarantee dynamic support from understudies and personnel."
"The extraordinarily structured and redid courses will enable the understudies to break the tests of these chief plan establishments. At afdindia, we are utilizing innovation to defeat the challenges our understudies are confronting. Understudies will have the option to benefit of online substance and recorded video classes. We have confidence in savvy, focussed planning under the direction of specialists," James included.
Hyderabad-Based Healthcare Services Startup StanPlus Eyes To Set Up Own Fleet Ambulances
Monday, 30 March 2020
Hyderabad-Based Healthcare Services Startup StanPlus Eyes To Set Up Own Fleet Ambulances
As of now, StanPlus has an armada of 350 ambulances working in Hyderabad, Bengaluru, Mumbai and Kochi.
BY : arpita srivastava
http://franchiseneed.com
Hyderabad-based human services administrations startup StanPlus eyes to set up claim armada ambulances
Emergency vehicle specialist co-op StanPlus is taking a gander at setting up its own armada ambulances called RED and further improve its innovation.
As of late, the Hyderabad-based organization has made sure about $1.5 million out of a pre-arrangement A subsidizing round drove by Pegasus FinInvest alongside Hyderabad Angels and its current financial specialists.
Established in 2016, the human services startup was begun by Antione Poirson, Prabhdeep Singh and Jose Leon. Right now, StanPlus has an armada of 350 ambulances working in Hyderabad, Bengaluru, Mumbai and Kochi. It has teamed up with in excess of 25 emergency clinics to structure its clinical reaction framework and as of now.
Prabhdeep Singh, CEO of StanPlus, stated, "We as of late got our pre-arrangement A subsidizing and we will utilize the venture to fabricate our own armada of ambulances called RED. Effectively 20 RED ambulances are operational and we intend to take this number to 100 before the current years over."
The human services administrations startup has shipped 2,500 patients in March itself. It is intending to build the number by improving innovation that will, thus, lessen time taken to arrive at a patient. The assets will likewise be utilized to extend its tasks across India and spread all clinical reaction classifications.
Prior, StanPlus had raised $1.1 million from Kalaari Capitals seed support Kstart and INSEAD Angels Asia.
OYO
Friday, 27 March 2020
Motilal Oswal Strengthens Position In Franchise 100 With Its Aim Of Building Equity Culture In India
The financial services brand grew its franchise footprint substantially through its focus on entrepreneurial opportunities and continuous innovation
BY: arpita srivastava
https://franchiseneed.com
Motilal Oswal Strengthens Position in Franchise 100 with its Aim of Building Equity Culture in India
The financial services firm Motilal Oswal Finance Services (MOFSL) has been ranked in the latest Franchise 100 list 2020, published by The Franchising World magazine. Focus on entrepreneurial opportunities and continuous innovation has helped MOFSL garner its position in Franchise 100.The Franchise 100 list recognizes the Top-100 fastest growing franchise brands and is considered as the most esteemed honor for franchise businesses in India. The list puts forth the best franchise opportunities for 2020 after analyzing the leading franchisors on the basis of franchise ecosystem size and growth, financial strength and growth, and support offered to franchise partners.MOFSL credits its focus on user experience and franchise-friendly strategies behind the growth. The company is leveraging technology to improve overall user and franchise partner experience. It offers a business partner application to franchisees to keep tab on the business processes and latest developments through mobiles.The company has also pioneered a unique eFranchisee business model for aspiring entrepreneurs in the financial intermediation space. As the name suggests, eFranchise is a unique partnership model where the whole business right from acquiring clients, account opening, business operations, product suggestions, advisory product Investments and moderation is done digitally. In addition, it introduced Gen Next Program for the 2nd-line (Son/Daughters) of its Franchisees. “It’s a customized two months program wherein the next generation of our partners go through intensive training across all departments for two months so that they are business-ready and can handle business operations straight away,” the company said.The company grew its franchise footprint by over 66% from 1200 franchise outlets in 2017 to over 2000 units in 2019. It has plans to add 10,000 partners over the next 4-5 years. It aims to build equity culture in the country and participate in the $5 trillion opportunity as envisioned by the government by 2024 – 25.The Franchising World, INDIAS no.1 franchising magazine, identifies the Top-100 franchise brands and celebrates their achievements every year in its anniversary issue. The issue highlights the established and emerging Indian and global brands that are increasing their positioning in India along with the new-age brands that are lucrative and profitable, expanding fast and can act as a reference guide for budding entrepreneurs and investors across India.Franchise 100 is the one-stop destination to know everything about the franchise industry and the leading brands, which investors and prospective franchisees can consider to start their entrepreneurship journey.
Saint Electric Unveils New Dealership In Pune
Wednesday, 25 March 2020
Saint Electric Unveils New Dealership In Pune
Named as e-Galaxy Motors, the Pune vendor will sell the whole scope of the electric bikes of the organization.
BY:arpita srivastava
https://franchiseneed.com
Legend Electric discloses new vendor in Pune
Legend Electric has propelled another vendor in Pune. With this dispatch, the organization has reinforced its business arrange.
Legend Electric has asserted that it sold 24 vehicles on the principal day.
Named as e-Galaxy Motors, the Pune vendor will sell the whole scope of the electric bikes of the organization.
Sohinder Gill, CEO of Hero Electric, stated, "We are focused on conveying the best EV items in the bike classification across India. Our seller arrange is profoundly essential to us as they make mindfulness around electric versatility and its advantages. We are happy to have e-Galaxy Motors as our accomplice in the Pune region and anticipate having a long haul relationship with them."
"We are a yearning brand and will keep on reinforcing our seller organize step by step and be available in the most inside pieces of the nation," he further included.
Saint Electric Unveils New Dealership In Pune
Wednesday, 25 March 2020
Saint Electric Unveils New Dealership In Pune
Named as e-Galaxy Motors, the Pune vendor will sell the whole scope of the electric bikes of the organization.
BY:arpita srivastava
https://franchiseneed.com
Legend Electric discloses new vendor in Pune
Legend Electric has propelled another vendor in Pune. With this dispatch, the organization has reinforced its business arrange.
Legend Electric has asserted that it sold 24 vehicles on the principal day.
Named as e-Galaxy Motors, the Pune vendor will sell the whole scope of the electric bikes of the organization.
Sohinder Gill, CEO of Hero Electric, stated, "We are focused on conveying the best EV items in the bike classification across India. Our seller arrange is profoundly essential to us as they make mindfulness around electric versatility and its advantages. We are happy to have e-Galaxy Motors as our accomplice in the Pune region and anticipate having a long haul relationship with them."
"We are a yearning brand and will keep on reinforcing our seller organize step by step and be available in the most inside pieces of the nation," he further included.
Saint Electric Unveils New Dealership In Pune
Wednesday, 25 March 2020
Saint Electric Unveils New Dealership In Pune
Named as e-Galaxy Motors, the Pune vendor will sell the whole scope of the electric bikes of the organization.
BY:arpita srivastava
https://franchiseneed.com
Legend Electric discloses new vendor in Pune
Legend Electric has propelled another vendor in Pune. With this dispatch, the organization has reinforced its business arrange.
Legend Electric has asserted that it sold 24 vehicles on the principal day.
Named as e-Galaxy Motors, the Pune vendor will sell the whole scope of the electric bikes of the organization.
Sohinder Gill, CEO of Hero Electric, stated, "We are focused on conveying the best EV items in the bike classification across India. Our seller arrange is profoundly essential to us as they make mindfulness around electric versatility and its advantages. We are happy to have e-Galaxy Motors as our accomplice in the Pune region and anticipate having a long haul relationship with them."
"We are a yearning brand and will keep on reinforcing our seller organize step by step and be available in the most inside pieces of the nation," he further included.
STL Academy Forms Project Savdhaan, A Special Initiative To Train Over 1 Lakh Youth On COVID-19 Awareness
Wednesday, 25 March 2020
STL Academy Forms Project Savdhaan, A Special Initiative To Train Over 1 Lakh Youth On COVID-19 Awareness
Project Savdhaan is a special initiative to intensify COVID-19 awareness in India through an online workshop and on-ground sessions in specific locations.
BY arpita srivastava
STL Academy forms Project Savdhaan, a special initiative to train over 1 lakh youth on COVID-19 awareness
Coronavirus (COVID-19) has been declared a global pandemic and is spiralling irrepressibly within several states in India. Lack of knowledge on social distancing, precautionary measures, and required medical assistance is increasing the risk of the virus passing to a healthier population. Addressing these challenges, STL, a global data network innovator, formed Project Savdhaan. It is a special initiative to intensify COVID-19 awareness in India through an online workshop and on-ground sessions in specific locations.
STL Academy is an endeavor by STL, to create an ecosystem of optical fibre professionals. The academy has a large pool of professionals and students registered with it. Under Project Savdhaan, STL Academy will conduct COVID-19 online awareness drive in association with Telecom Sector Skill Council (TSSC), Infrastructure Equipment Skill Council (IESC) and Telangana Academy for Skill and Knowledge (TASK).
Over 1,00,000 youth registered with these, not for profit organisations, will attend the online workshop. The workshop will be broadcasted on 27 March 2020 from Hyderabad and later hosted on www.stluniversity.com for everyone. Medical experts will conduct this 1-hour workshop covering topics such as preventions and risk, social distancing and community-based measures to mitigate the spread of COVID-19.
STL has also proactively initiated awareness sessions to dispel fallacies about the virus at villages in Dadra and Rakholi, Silvassa. The drives are being conducted by Indian Red Cross doctors as part of the companys Mobile Medical Unit CSR program. Tribals are being informed about COVID-19 spread through physical contact and basic etiquette to be followed in the event of a fever, cough or cold. Doctors are even highlighting why hand washing is essential to prevent the spread of the virus. The drives are initially being done across 36 locations in Dadra and Rakholi that the Mobile Medical Unit covers and will then continue at other villages in the vicinity. These drives will help ensure that the tribals are aware of the precautions to be taken, get access to quality medical care to treat any symptoms and, address any panic situation.
Anjali Byce, CHRO, STL, said, COVID-19 outbreak is an unprecedented global challenge to humanity. It is continuously evolving, and we are yet to gauge its final impact on society and the economy. We must control this pandemic in every way possible. Through this awareness program, we aim to connect with the community and intensify awareness to contain COVID-19.
Arvind Bali, CEO of Telecom Skill Sector Council, stated, This awareness drive is to ensure and educate people on how to keep themselves and their families safe from the impact of Coronavirus. As the government is also trying to explore all possible solutions to deal with this situation, organizations need to come forward to spread maximum awareness to control the spread of the virus in the country. Project Savdhaan is one such initiative by STL and we are delighted to partner them.
Nagesh Chawla Appointed As New General Manager Of Renaissance Mumbai
Tuesday, 24 March 2020
Nagesh Chawla Appointed As New General Manager Of Renaissance Mumbai
With a gamut of responsibilities, his new role will have him overlooking the entire hotel operations as well as working closely with the leadership roles of all departments.
by:arpita srivastava
https://franchiseneed.com
Nsh Chawla appointed as new General Manager of Renaissance Mumbai
An industry veteran, always at the helm of affairs, who has steered the ship clear through tides of time, Nagesh Chawla is an endearing and inspiring presence.
Recognised as a knowledge powerhouse in the hospitality world, his impeccable work history and wealth of experience leads to the beginning of him steering the flagship as the Cluster General Manager for Renaissance Mumbai Convention Centre Hotel & Lakeside Chalet, Mumbai, Marriott Executive Apartments, Marriott India’s largest multi-dimensional lifestyle complex.
Passion, uncompromising adherence to the highest standards, attention to detail, a people’s manager and a goal-oriented management approach define him as the leader that he is.
Almost two decades ago, Nagesh began his stint as a Front Office Manager at Renaissance Mumbai, and with sincere efforts and dedication, developed as the Director of Rooms. He eventually moved to JW Marriott Hotel & Marriott Executive Apartments, Tomorrow Square, Shanghai and thereafter took over the JW Marriott Hotel, Hong Kong as the Resident Manager. In his previous role, he was the Managing Director for The Ritz-Carlton Jakarta and JW Marriott Hotel Jakarta.
Nagesh holds a degree in Hotel Management from the International College of Tourism and Hotel Management, Vienna-Austria. With perseverance and the zeal to learn, he has scaled to exceptional heights which have also garnered him accolades including Excellence in Driving Guest experience Award 2009, Continent General Manager of the year 2011, General Manager Sales Leadership for the year 2013 and so on.
With a gamut of responsibilities, his new role will have him overlooking the entire hotel operations as well as working closely with the leadership roles of all departments.
Saint Electric Expands Dealer Network In Bangalore
Monday, 23 March 2020
Saint Electric Expands Dealer Network In Bangalore
This development is in accordance with the organizations arrangements to take its all out number of client contact focuses across India to 1,000 before the finish of 2020
by:arpita srivastava
Legend Electric extends vendor organize in Bangalore
Legend Electric has extended its essence in Bengaluru by opening three new vendors.
The three recently included vendors are Jaideep Motors, Pulse Electrochem and VRS Motors. They all are 3S (deals, administration, and extra) prepared businesses and have a group of very much prepared and qualified experts guaranteeing the most elevated levels of aftersales administration and answers for clients.
Sohinder Gill, CEO of Hero Electric, stated, "In accordance with our responsibility to giving the best EV items in the bike classification across India, we have included three new cutting edge businesses in Bangalore."
Bangalore is a significant market for us, from both a geological and business perspective and we are certain that our association with the new vendors will empower us to reinforce mindfulness around electric portability and its advantages in the district. We invest heavily in our vendor arrange and will keep on fortifying it step by step and be available in the most inside pieces of the nation," he included.
With these new vendors, the electric bike maker currently has more than 630 touchpoints across India.
This development is in accordance with the organizations arrangements to take its complete number of client contact focuses across India to 1,000 before the finish of 2020.
The organization is additionally intending to increase the creation limit of its electric bikes generously to 500,000 units throughout the following three years, with an attention on low speed bikes for last-mile availability.
Bigbasket set to acquire DailyNinja in $20-25 Mn cash and equity deal
Saturday, 21 March 2020
Bigbasket set to acquire DailyNinja in $20-25 Mn cash and equity deal
By: arpita srivastava
https://franchiseneed.com
Independent plays in subscription commerce aka micro-delivery space is almost over, except Milkbasket. After Doodhwala shut down, Sequoia-backed DailyNinja is set to merge with Bigbasket. According to three Entrackr sources, the company is in advanced talks with the Alibaba-backed e-grocer for an acquisition.
“The talks between both companies have been underway for about six weeks. The contours of the proposed deal are almost finalised,” said the above sources on condition of anonymity. They emphasised that the transaction would be a mix of cash and stock.
The deal has come at a time when micro-delivery companies have been finding it tough to convince venture capitalists for a large round. Even the poster boy of the subscription commerce space – Milkbasket – has not been able to score a large round.
The Gurugram-based firm also had downscaled operations in NCR and Bengaluru to cut down its expenses. Last month, Doodhwala had shut down operations and transferred its subscribers base to FreshToHome.
Sources outlined that the deal would be in the range of $20 to 25 million. “About 20% of the total deal size would be in cash,” said two of the three sources. The transaction would be completed in a few weeks and likely get announced by early next month.
Bigbasket would use DailyNinja’s core-competency in subscription commerce to ramp up BBDaily. BBDaily is a Milkbasket kind of service that delivers daily essentials such as milk, groceries, fruits & vegetables every morning to the subscriber’s doorstep.
Queries sent to Bigbasket’s co-founder Hari Menon and Dailininja didn’t elicit any response till the publication of this story. We will update the post as and when they respond.
Bigbasket has been offering micro-delivery services since January this year. It had acquihired two companies – RainCan and Morning Cart – last year. It’s worth noting that Entrackr had exclusively reported the acquihire of the two companies and the launch of BBDaily.
Despite sound unit economics and a sticky business model, investors have shown apathy to this segment. The presence of deep-pocketed players has been one of the major hurdles in the funding of Milkbasket and DailyNinja.
VCs have been shying away from cutting a large cheque for them largely due to the presence of Alibaba, SoftBank, Naspers and DST in the online grocery segment. The Chinese behemoth counts BigBasket in its portfolio while SoftBank has Grofers.
Naspers and DST have backed Swiggy which expanded into grocery via Swiggy Stores. It also acquired Suprdaily to make an entry into subscription commerce. Now with the consolidation of DailyNinja and Bigbasket, the micro-delivery space is left with only one independent player – Milkbasket.
It will be exciting to track Milkbasket’s progress as it has been prioritising profitability over growth.
71% of small biz see demand fall:survey
Friday, 20 March 2020
Independent ventures benefit and their prosperity applying for financing held consistent from 2017 to 2018, as per the most recent Small Business Credit Surveya joint exertion by the 12 territorial Federal Reserve Banks discharged today. The greater part of business firms reviewed revealed that they were productive in 2018 and had seen expanded incomes consistently. More than 7 out of 10 said they anticipate that income should develop in 2019, while 44% hope to include more employments.
Interest for financing moved from the 2017 overview, with 43% of business firms applying for financing in the past a year. Of the individuals who applied, 47% got everything mentioned, generally equivalent to the prior year. Customary bank loaning remains the essential wellspring of financing for the countrys private ventures, however the review noted proceeded with development in borrowers who applied for financing through nonbank online moneylenders (32% in 2018 versus 24% in 2017 and 19% in 2016).
Little banks affirmed probably a portion of the sum mentioned for 71% of credit candidates, while huge and provincial banks endorsed credit for 58% of candidates—the two figures in accordance with late patterns. Endorsement rates at online moneylenders shot up to 82% from 69% in 2016. In any case, higher loan fees and troublesome reimbursement terms drove fundamentally lower fulfillment rates with online moneylenders contrasted with banks. Net fulfillment with online loan specialists fell six focuses to 33% in 2018, while it rose to 55% for bigger banks and held consistent at 73% for little banks.
s&p see GDP growth slowing to 5.2% in 2020
Thursday, 19 March 2020
Asia-Pacific economic growth in 2020 will more than halve to less than 3% as the global economy enters a recession, said the agency.
By recession, S&P meant at least two quarters of well below-trend growth sufficient to trigger rising unemployment.New Delhi: S&P Global Ratings on Wednesday lowered Indias economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic.
The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar.
Asia-Pacific economic growth in 2020 will more than halve to less than 3 per cent as the "global economy enters a recession", S&P said in a statement.
"An enormous first-quarter shock in China, shutdowns across the US and Europe, and local virus transmission guarantees a deep recession across Asia-Pacific," said Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings.
By recession, S&P meant at least two quarters of well below-trend growth sufficient to trigger rising unemployment.
"Our estimate of permanent income losses is likely to at least double to more than USD400 billion," said Roache.
As per the statement, external shocks from the fallout of the global viral spread add a new dimension. People flows from the US and Europe will be decimated for at least two quarters, heaping more pressure on the tourism industry.
If lingering uncertainty results in a strong preference for US dollars, policymakers in Asias emerging markets may be forced into a damaging round of pro-cyclical policy tightening, Roache said.
The countries most vulnerable to capital outflows remain India, Indonesia, and the Philippines, he added.
"We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 pre cent (from 4.8 per cent, 5.7 per cent, and -0.4 per cent previously)," S&P said in the statement.
The global policy response, including the Federal Reserves policy-rate cut to zero and the Bank of Japan scaled-up asset purchases, will help cushion but not quickly reverse these shocks, it said.
Local measures aiming to support vulnerable sectors and workers may help but their effect will "wane the longer the crisis lasts".
It further said the timing of a recovery depends, most of all, on progress in containing the viral spread.
Even if major progress is made during the second quarter, after a sustained period of stressed cash flow many firms will be in no position to resume investing quickly, the S&P said.
Households that have either lost their jobs or have worked fewer hours will spend less and banks will be busy managing the deterioration in asset quality, it said.
On Tuesday, Moodys Investors Service had lowered Indias economic growth forecast for 2020 to 5.3 per cent (from 5.4 per cent), on coronavirus impact on the economy.
ex sbi chief bhattacharya in india ceo of salesforce
Tuesday, 17 March 2020
Former state bank of india (SBI) chairper son arundhati bhattacharya will head the India operations of US cloud-based service provider Salesforce.com Inc. She is likely to join the company in April and will be based in Mumbai.
Bhattacharya, 64 is currently the chairman of SWIFT India, which is part of a global payments network.
She retired from SBI in 2017 after leading the bank for four decades in several roles. Bhattacharya was the first woman to head the bank.
She is a hugely credible name who comes with a wealth of experience and will help Sales force expand in India, a source told the Reuters.
Sales force provides an array of cloud storage and digital services to clients in India, which it sees as one of its fastest-growing regions. In January, Sales force co-founder Parker Harris met Indias trade minister in New Delhi and briefed him on the companys growth plans.
Salesforce will create more than 5,00,000 jobs and $67 billion in new business revenues in India through 2024, according to a 2019 report by International Data Corporation. The government has also partnered with the company to work towards skills development.
coffee day familiy to sell plantations to repay lenders
Monday, 16 March 2020
The relatives of expired Cafe Coffee Day author VG Siddhartha have chosen to auction their own advantages for reimburse moneylenders. The benefits they are intending to leave behind to address the outcome of the specialists passing in 2019 incorporates their 10,000-section of land espresso estate.
As indicated by a Times of India report, the family is now in converses with potential purchasers for around 40 percent of the manor business. They are likewise watching out for purchasers for the remainder of their property and, together, it is relied upon to bring them somewhere close to Rs 1,500 to Rs 2,000 crore.
Notwithstanding, the monetary droop combined with potential outcomes of a fire deal and the way that the CCD proprietor swore certain benefits for individual credits may make it hard to sell the estate at a reasonable cost.
Siddhartha purportedly promised his bequest to a private bank at Rs 35 lakhs for each section of land of his estate, which is at a rate far lower than the common one, as indicated by sources. His family, which incorporates his significant other Malavika Krishna and their two children, are additionally wanting to sell the stakes claimed by VG Siddhartha in a couple of private firms to get greater liquidity.
bigbasket, grofers orders double as malls shut dawn
Sunday, 15 March 2020
Online grocery retailers such as Bigbasket and Grofers saw a huge spike in orders over the weekend due to coronavirus. Consumers are stocking up staples like flour, rice, pulses along with sanitisers, diapers and personal care items. This rush to stock up comes as authorities in major metros have asked people to stay at home and have ordered the shutdown of schools, colleges, restaurants, malls and theatres.
Bigbasket CEO Hari Menon told Times of India that he has been camping at the warehouse for the last two days to tackle the surge in orders. "We are seeing 2X (times) kind of growth and baskets are larger by 15-20 per cent," he said. He added that the platform is also witnessing a lot more new users and is now ramping up capacity and increasing storage space, delivery van and personnel. Founder Albinder Dhindsa said that Bigbasket had registered a spike of 5-7 per cent over the week but demand has increased by 80 per cent over the weekend.
Bigbasket does 1.6 lakh deliveries for next-day shipments and 1.4 lakh for its micro delivery business BBDaily. Grofers only does next-day delivery with counts of up to 90,000 orders a day.
The report stated that the sharp increase in demand has also delayed fulfilment of orders. From typical deliveries within 1 day, it is now being delayed to 3-4 days.
Grofers has started implementing limits on hand sanitisers and masks that are now considered essential goods by the government. The report mentioned that the SoftBank- and Tiger Global-backed has also put dynamic restrictions on grocery items.
Grofers also saw a customer in Chandigarh rake up a bill of Rs 52,000. The former record was Rs 24,000.
Other offline retailers like Future Group, Big Bazaar and Easyday has seen a spoke of 20-25 per cent, as mentioned in the daily.
Amazon seeks Govt nod to venture into food retail in India
Saturday, 14 March 2020
The US-based company has proposed to invest about Rs 3,400 crore for the purpose, people aware of the development said, adding that the application is being considered by the commerce and industry ministry.
As per the proposal, the company will open a wholly-owned subsidiary in India to carry out the business. It will stock food products and sell online. When PTI contacted Amazon on the same, Amazon wrote in a statement: “We are excited by the governments continued efforts to encourage FDI in India for a stronger food supply chain. We have sought an approval to invest and partner with the government in achieving this vision.”
It, however, declined to comment on the investment details. Currently, the government permits 100% foreign direct investment (FDI) in the food processing sector. As per norms, a foreign company can open a wholly-owned subsidiary in India to retail food products produced and or manufactured in the country by way of opening stores or online
Amazon currently operates an e-commerce marketplace in India and competes with the likes of Flipkart and Snapdeal. Though the regulations allow 100% overseas capital in such platforms, these entities cannot sell products themselves. Amazon has been bullish on India, introducing new features for customers and sellers, even as the region continues to weigh heavy on the US-based companys finances.
It has also been aggressively investing in areas like marketing and promotions and expanding infrastructure in India. Betting big on the burgeoning e-commerce market in India, its chief Jeff Bezos had said the company will invest $3 billion in India, taking its total investment committed here to over $5 billion.
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Indian-starting point men as well as ladies also are making their quality known as CEOs of huge American organizations
Friday, 13 March 2020
Indian-starting point men as well as ladies also are making their quality known as CEOs of huge American organizations
By:arpita srivastava
https://franchiseneed.com
One such name after Indra Nooyi is Sonia Syngal, who will before long be filling in as the primary Indian-inception CEO of one of the biggest attire retailers, GAP Inc., in the US.
The organizations top managerial staff declared her arrangement March 5, calling Syngal, CEO of the portfolios Old Navy business since 2016, a cultivated retail pioneer.
Syngal takes her new position successful March 23. She will likewise join the Gap Incs. top managerial staff. As Gap Incs. new CEO, Syngals top need will fortify the exhibition of the portfolio.
Before joining Gap Inc., Syngal had a long vocation in Fortune 500 item organizations, including Sun Microsystems where she drove fabricating tasks, coordinations and store network the board; and at Ford Motor Co., where she held jobs in item plan, quality and assembling designing.
Indian-conceived Syngal, 49, earned a single mans in Mechanical Engineering at Kettering University and an aces in Manufacturing Systems Engineering at Stanford University.
Since joining Gap Inc. in 2004, she has served in key authority and general administration jobs including overseeing executive for the organizations Europe business, senior VP for Gap Incs. International division and International Outlet division.
Syngal drove Old Navy from $7B to $8B in deals in three years, extending its North American nearness to in excess of 1,200 stores in the US, Canada and Mexico, scaling its online business website to the No. 4 biggest clothing site in the US and building serious omni-channel abilities.
Before that, she was official VP of Global Supply Chain and Product Operations, liable for overseeing Gap Incs. worldwide store network and reclassifying a top tier item to-advertise model for its arrangement of brands.
"Its a respect to expand on this present organizatios rich legacy and lead our about 130,000 workers in changing our business and tasks to effectively contend later on," said Sonia through the official statement. "I m focused on completely understanding the capability of our portfolio and the upside of our scale, with an emphasis on reinforcing the adoration that our a large number of clients have for our brands. To do that, we should better organize activities and capacities that will improve execution and drive esteem creation."
She is an individual from the Boys and Girls Club of Americas leading body of governors and serves on The Gap Foundation leading body of trustees.
"To lead the organization into its next section, we looked for a unique head who could bring a profound regard for our clients and settle on the choices important to convey an incentive from our arrangement of brands over the long haul," said Bob Fisher, interval Gap Inc. Chief in the public statement. "Sonia has the entirety of the attributes and encounters expected to viably execute against the work ahead. She is an incredible administrator who drives advancement and conclusive activity, and she leads with both vision and heart."
Dates Unveiled For Indias Biggest Ever Expo On Contract Manufacturing and Private Labels
Wednesday, 04 March 2020
Dates Unveiled For Indias Biggest Ever Expo On Contract Manufacturing and Private Labels
Unbrand Asia Expo 2020 Brings Great Business and Networking Opportunities In The Retail Space.
By: arpita srivastava
https://franchiseneed.com
Unbrand Asia LLP, in relationship with Franchise India, is concocting Indis greatest ever business and systems administration expo for contract producers, CPG new companies, private marks, bundling, and retailers in the Indian and the APAC locale. Unbrand expo is relied upon to unite inventive open doors in the item and bundling space.
The expo will be held at the Bombay Convention and Exhibition Center, commencing from 28th August 2020; trailed by a business gathering and grant appear on 29th August 2020.
Since the time the administrations push Eager for advancement In India battle, both worldwide and local retailers have begun investigating the nearby assembling assets. Producers in India have the brilliant chance to use this force. Unbrand Asia Expo is made to support these said organizations and producers, by uniting them under one rooftop and empowering a multiverse of chances.
The private names showcase size in India is very critical, as 40% of the cutting edge exchange rack is involved by private marks. With a gigantic push on residential assembling, the numbers are just expected to develop.
Discussing the progressing private name push, Preetima Bhardwaj, CEO and Founder, Unbrand Asia, stated, Retail industry in India is the third biggest on the planet, which departs incredible open doors for organizations to enhance and grow. Not simply that, the buyers additionally incline toward best quality items and they never again confirm to one brand. This is to state that item is the genuine legend of the retail business and that is actually what we need to bring to the bleeding edge, with Unbrand Asia Expo.
The two days in length expo and meeting is said to make another flood of conceivable outcomes in the private name space. Unbrand Asia Expo will grandstand imaginative item and bundling arrangements from contract makers, CPG new businesses, private names, OEMs, corporate labs, and bundling organizations. Retailers, providers, and brand proprietors will find a good pace special show alongside chances to arrange and work together.
Unbrand Asia Expo is going to exhibit roughly 4,000+ items, from 500+ nourishment non-nourishment, and bundling producers. The occasion is said to unite in excess of 8,000 business guests from remote pieces of the nation and the world over.
Moreover India Licensing Expo 2020 is Unbrand s co-found occasion, which brings a yearly footfall of more than 5000 retailers on a normal.
The occasion isnt just embellished with a tremendous footfall of guests yet in addition with an effect driven business gathering. The idea initiative stimulating gathering will likewise include keynote speakers who are the main retailers classification administrators, and providers of nourishment and non-nourishment items. They will convey the most recent bits of knowledge on best industry rehearses contextual analyses, and up and coming business sector patterns.
Droom eyes $ 150m round before IPO
Monday, 02 March 2020
Droom eyes $ 150m round before IPO
Online auto marketplace Droom is hitting the street for a $150 million per IPO fund raising round its last one before an it goes for an IPO in 2021
According to Droom CEO sandeep agrwaal ,this will be the company ‘s sixth fun- ding round for which credit Suisse and two more advisers have been mandated to find investors. DROOM is planning an IPO listing in end 2021 and the funding will be wraped ped up in the next 4-5 mounth aggarawal said
Currentaly valued at just under $1 billion DROOM has so for raised around $125 million form investors Including lightbbox Singapore based global fubd beenos Tokyo basewd VC firm digital garage Toyota tsusho corporation and hong kong based multibillion family office integrated assests management many of our current investors will participate but a new one will lead the round said aggrwal earlier several investors in the company had participated in multiple rounds
virus wipes $5th off global mkts in worst week since’08
Saturday, 29 February 2020
virus wipes $5th off global mkts in worst week since’08
Investors fear measures to control contagion will squeeze ECO
With the coronavirus outbreak spilling over three continents and intensifying global recession risks, the global equity markets extend the rout on Friday in tandem with the US Treasury yields.
Growing fears of a coronavirus pandemic have killed the appetite for risk assets, as the world stocks remain on track to book their worst week since the 2008 global financial crisis (GFC), down over 10%. This would wipe-out about $5 trillion in value of the global indices.
The European indices continue to see a bloodbath, taking the negative lead from its Asian and Wall Street peers. The sell-off deepens as the benchmark US 10-year Treasury yields fall to record lows, as markets brace for a recession. S&P 500 futures are down 2.35%, at the time of writing.
The coronavirus risks have hampered the global supply chains and created massive working capital problems for the companies, which will likely hit their earnings this year.
Meanwhile, the pan-European index, the Euro Stoxx 500 sheds 5%, Germany’s benchmark DAX also follows suit and erodes over 5%, with UK’s FTSE 100 down 4.40% and French CAC 40 losing 4.30%.
Markets remain in a panic mode, as the virus spreads faster outside China, with about three-quarters of new infections reported so far.
Light at end of tunnel:agarwal on economy
Friday, 28 February 2020
Light at end of tunnel, Indian economy will bounce back: Vedanta chairman Anil Agarwal. Agarwal, the founder and chairman of Vedanta, said the government cutting tax on companies to the lowest in the world will attract investment but companies need a little hand-holding to see their projects through.
Vinay Electrical Solutions Eyes Rs 500 Cr Revenue By 2022
Thursday, 27 February 2020
Vinay Electrical Solutions Eyes Rs 500 Cr Revenue By 2022
The electrical gadgets maker expects 40% development y-o-y over next two years at the rear of fast extension plans.
BY arpita srivastava
Vinay Electrical Solutions eyes Rs 500 Cr income by 2022
One of Indias biggest electrical gadget producers, Vinay Electrical Solutions is peering toward a 500 crore income before the finish of 2022. The organization is scheduled to cross 260 crore in income by March 2020 with a 40% hop from the earlier year.
This gigantic development has been on the rear of quick entrance in India including Tier 3 and Tier 4 markets, propelling of new items in Wiring Devices, LED Lighting, Security Systems and Accessories just as new classes like Home Automation.
The organization is hoping to add to its solid system of 10000+ exchange accomplices and circuit testers and its 8 vital warehouses to fulfill the needs of 26 states the nation over. The organization has additionally had the option to tap the North-East market effectively and enter new states.
Set up in 1968, under the initiative of Vinay Chheda, the Mumbai-headquartered organization makes secluded switches, Home Automation frameworks, LED lights, amusement gadgets, doorbells, wires, links and other electrical gadgets for private structures just as business foundations.
The organization has a best in class 2 lakh sq ft producing office at Daman. As far as the item portfolio, the organization has propelled tech-empowered home computerization item range and frameworks that can be worked through a cell phone from anyplace utilizing their application called "VIBE".
Dhiren Chheda, Director, Vinay Electrical Solutions stated, "We consider ourselves to be accomplices to the Digital India vision of the Govt. of India and we accept home mechanization to assume a significant job in accomplishing that vision. We are anticipating that our home computerization frameworks should do truly well in urban and even level 2 India."
"The vibe application carries light and power to each buyers fingertips and we are confident that we will have the option to support our clients and our networks truly well! Each item at the organization comes from the need to enable human lives while defending and upgrading their spaces. We intend to mechanize a million homes sooner rather than later," Chheda included.
Kunal Nandu, Director, Vinay Electrical Solutions, expressed, "Three years prior, we imagined our 2022. That vision prodded our endeavors to make changes across marking, showcasing, and item systems. We additionally centered around infiltrating testing geologies like the Northeast. We have been effective in executing our development system across India and have set our confidence in our accomplices and partners to take the brand to the majority."
"Being in the electrical arrangements industry for more than 5 decades genuinely causes us to comprehend the difficulties in the market and its changing requests while being attached to our fundamental beliefs of Passion, Innovation, and Excellence. An Indian aggregate is set to break the esteemed 500 Cr club of the electrical business," he further said.
‘Retail opportunities at transport hubs may grow to $21.6 b by 2030’
Wednesday, 26 February 2020
Retail opportunities at transport hubs may grow to $21.6 b by 2030’COMMENT
Higher traffic, improved transport infra will be key drivers, says report
By:arpita srivastava
https://franchiseneed.com
Retail opportunities at transport hubs like airports, railways, metro, highways are expected to grow to $21.6 billion by 2030, according to a survey by property consultant Knight Frank.
According to the survey, this growth is attributable to a healthy growth in passenger traffic as well as transport infrastructure in the country.
It noted that the total retail opportunity across various transport hubs in India, such as airports, highways and bus stations, metro and railways, will grow manifold in the new decade.
Transit retail
India is going through an infrastructure revolution. The government’s focus on developing and modernising the transport modes including airports, railway stations, metro and highways is opening up unprecedented opportunities for the organised retail segment in the country, Knight Frank India Chairman and MD Shishir Baijal said.
The survey said the current size of transit retail in India is estimated at $2.2 billion, and is expected to grow to $21.6 billion by 2030.
“While the retailing potential is best tapped at airports, it is still at a nascent stage for other modes like metros, railways, highways and bus stations. A large part of the retail opportunity at transit hubs is currently untapped due to lack of retail infrastructure at these nodes,” the survey noted.
The large retail potential translates into lease rental opportunity of $1 billion, which is estimated to grow to $3.2 billion by 2030.
“Considering the current lease rent opportunity, the government can potentially monetise these transit-oriented retail assets to generate funding to the tune of $10 billion. Such monetisation will reduce dependencies on passenger tariffs and develop the retail eco-system for a largely unexplored territory. This will also open a new revenue stream for future infrastructure developments, Baijal said.
He further said the development of retail infrastructure at key transportation nodes through a public private partnership has presented huge opportunities to operators and retailers to monetise the potential of guaranteed footfalls with ‘wait time’.
“In India, retail real estate growth has by far been most sensitive to domestic and global conditions. With organised retail still only a fraction of the total retail market in India, which has the largest population base, there is ample scope of growth in the country,” Baijal noted.
Most of the organized retail growth in India so far has been based out of mall developments with sales heavily dependent on footfalls and conversions thereafter.
However, the advent of transit retail will provide retailers with captive audience that is willing to spend. Having said this, the transport hubs will have to create appropriate space with prominence and visibility, smart revenue models and correct product mix to ensure that retailers see value in their presence in a transport hub he added.
Metro network
According to the report, the proposed metro network and mega transformation of Indian railways opens up $7.5-billion retail opportunityby 2030.
India is expected to see 1,000 km of metro development that opens opportunity for retailing to the tune of $5.6 billion by 2030. There are about 500 metro stations across India with an estimated retail market size of $0.6 billion as of 2019.
Similarly, based on the commercial potential of the 400 redeveloped railway stations across India, it is estimated that the annual passenger traffic will increase to 18.2 billion by 2030, translating into a retail opportunity of $1.9 billion by the year from $0.1 billion in 201
Zoomcar Eyes Deeper Penetration In Indian Market
Tuesday, 25 February 2020
Zoomcar, Indias driving self-drive versatility stage, is looking at a more profound infiltration in the Indian market and attributable to predominant innovation, Zoomcar has democratized openness to vehicles. Zoomcar essential objective is to have more than 1,00,000 vehicles on street in 18 two years and to keep on engaging its clients with better portability choices at scale.
Zoomcar plans to convey its venture into development, innovation and information science with a solid spotlight on improving an industry-driving IoT design notwithstanding its mutual membership administration.
Zoomcar is simply the market head in the drive space with more than 10,000 vehicles in its armada. With a solid spotlight on the versatile experience, Zoomcar permits clients to lease vehicles constantly, day, week, or month. Zoomcar works in 45+ urban areas across India.
In 2018, Zoomcar presented India first peer2peer-based commercial center for autos with the dispatch of its mutual membership portability model and as of now directions over 90% piece of the overall industry right now.
Late Appointment of Markish Arun as VP of Engineering
Meaning to fabricate hearty top administration, Zoomcar has as of late reported the arrangement of Markish Arun as its Vice President (VP) of Engineering. In his new job, Markish will be liable for all designing activities and will likewise construct separate groups with elevated levels of inspiration and competency.
women small towns drive growth at puma india
Monday, 24 February 2020
Ladies, communities, drive development at Puma India. Bengaluru: Sports way of life brand Puma has seen its deals become 22% to Rs 1,413 crore for the a year finishing December 2019.
by arpita srivastava
https://franchiseneed.com
The development was supported by expanding deals to ladies clients and more appeal in level 2 towns the nation over regardless of an easing back economy.
Thomas Cook India began outlet in telangana
Saturday, 22 February 2020
Thomas Cook India began outlet in telangana
Breaking News India Latest Franchise News India Thomas Cook India began outlet in telangana Thomas Cook (India) has recognized Warangal as a high development advertise for its vacation business in Telangana. In an activity to gain by this chance Thomas Cook India has opened another Gold Circle Partner (establishment) in Warangal Telangana.
by arpita srivastava
https://franchiseneed.com
This extension broadens Thomas Cook India appropriation and reach in Telangana to 10 shopper get to focuses 4 possessed branches and 6 Gold Circle Partner (establishment) outlets.
The new Gold Circle Partner outlet in Hanamkonda Warangal offers buyers start to finish travel arrangements including: International and Domestic Holidays (Group Tours, Personalized occasions,Cruises, and so on.), Value Added Services like Travel Insurance; Visa Services, and so on.
Rajeev Kale, President and Country Head Leisure Travel and MICE,Thomas Cook (India), stated, "Warangal has been recognized as a high development advertise with over 20% development popular and contributing a huge 10% to our Thomas Cook India occasion business from Telangana.
Punjab Based DumplingHood franchise expansion in india
Thursday, 20 February 2020
Punjab Based DumplingHood franchise expansion in india
dumplinghood
Breaking News India,Latest Franchise News India,Punjab Based DumplingHood franchise expansion in india, Dumpling are the most healthy, especially the ones made with wheat flour which is rich in carbohydrates, proteins, fat, minerals, crude fibres, and a small amount of vitamin A.
It’s a must visit place for health freaks so don’t hesitate and visit us to enjoy the delicious & healthy dumpling.
DumplingHood established in 2014 & we started giving franchise business opportunity from 2016, we are exclusive dumpling food franchise in mohali punjab,said Mr Mohan-founder of dumpling hood.
We are Serving India’s Best Dumplings,we are currently running in
1 Chandigarh Sec 9-D
2 Chandigarh Sec 36-D
3 Mohali 3B2
4 Panchkula Sec 7
5 Jalandhar
6 Patiala
7 Ludhiana
8 Karnal
9 Gurgaon
We are planning to expand in PAN india with low investment & high ROI,for more expansion we joined hand with our media partner franchisemart for franchising,said Mr Mohan.
Punjab Based DumplingHood franchise expansion in india
Thursday, 20 February 2020
Punjab Based DumplingHood franchise expansion in india
dumplinghood
Breaking News India,Latest Franchise News India,Punjab Based DumplingHood franchise expansion in india, Dumpling are the most healthy, especially the ones made with wheat flour which is rich in carbohydrates, proteins, fat, minerals, crude fibres, and a small amount of vitamin A.
It’s a must visit place for health freaks so don’t hesitate and visit us to enjoy the delicious & healthy dumpling.
DumplingHood established in 2014 & we started giving franchise business opportunity from 2016, we are exclusive dumpling food franchise in mohali punjab,said Mr Mohan-founder of dumpling hood.
We are Serving India’s Best Dumplings,we are currently running in
1 Chandigarh Sec 9-D
2 Chandigarh Sec 36-D
3 Mohali 3B2
4 Panchkula Sec 7
5 Jalandhar
6 Patiala
7 Ludhiana
8 Karnal
9 Gurgaon
We are planning to expand in PAN india with low investment & high ROI,for more expansion we joined hand with our media partner franchisemart for franchising,said Mr Mohan.
Funding Alert Firstcry Raises $296 Mn Funding From Softbank
Wednesday, 19 February 2020
Funding Alert Firstcry Raises $296 Mn Funding From Softbank
The ongoing raise support has taken Firstcrys valuation to $1.2 billion. This implies the organization is the most recent to enter Indias unicorn club.
BY arpita srivastava
http://franchiseneed.com
[Funding alert] Firstcry raises $296 mn subsidizing from Softbank
Firstcry has verified $296 million in Series E subsidizing round from Japan-based marquee financial specialist Softbanks Vision Fund.
This ongoing venture is the primary tranche of the all out $400 million financing that has been submitted by Softbank. The extra $100 million is saved by Softbank to be contributed on the second commemoration of the exchange in January 2021.
Under the arrangement, the Pune-based child items commercial center has given 7,31,66,665 Series E value offers to SVF Frog, a Cayman Island-based auxiliary of Softbank, at Rs 381 for every offer with an ostensible estimation of INR 5.
The ongoing gather pledges has taken Firstcrys valuation to $1.2 billion. This implies the organization is the most recent to enter Indias unicorn club.
Business Growth
Firstcry was begun by Supam Maheshwari and Amitava Saha in 2010. It gives various classifications of infant and children items from dress to class fundamentals.
Firstcry has a retail impression of in excess of 300 stores spread across 125 urban areas. It has reinforced its client base to more than 4 million. The organization professes to offer 2 Lakh child and children items across 2,000 brands.
The firm posted an income of Rs 535 crore in FY 2019. It further expects an income of Rs 2033 crore in FY20.
In 2019, SoftBank had submitted $395.7 million in Firstcry. SoftBank put $149.2 million in the organization in January 2019. The remaining $246.49 million reserve was saved for putting as and when called for in the following two years.
India becomes 5th largest economy; overtakes UK, France: Report
Tuesday, 11 February 2020
india rose as the world fifth biggest economy by overwhelming the UK and France in 2019 says a report.
By : arpita srivastava
https://franchiseneed.com
A US based research organization World Population Review in its report said that India is forming into an open-advertise economy from its past autarkic approaches
India economy is the fifth biggest on the planet with a GDP of USD 2.94 trillion surpassing the UK and France in 2019 to take the fifth spot it said
The size of the UK economy is USD 2.83 trillion and that of France is USD 2.71 trillion. The report additionally said that in buying power equality (PPP) terms, India s GDP (PPP) is USD 10.51 trillion, surpassing that of Japan and Germany. Because of India high populace India GDP per capita is USD 2,170 (for correlation, the US is USD 62,794).
India genuine GDP development notwithstanding it said is relied upon to debilitate for the third consecutive year from 7.5 percent to 5 percent.
The report saw that India s monetary advancement started in the mid 1990s and included modern deregulation decreased control on outside exchange and speculation and privatization of state claimed ventures.
These measures have helped India quicken monetary development it said.
India administration part is the quickly developing area on the planet representing 60 percent of the economy and 28 for each of business the report stated including that assembling and farming are two other critical divisions of the economy.
The US based World Population Review is an autonomous association with no political affiliations
Mercedes-Benz Unveils New Dealership In Delhi
Monday, 17 February 2020
Mercedes-Benz Unveils New Dealership In Delhi
With this dispatch, Mercedes-Benz now has 97 outlets in India.
BY arpita srivastava
https://franchiseneed.com
https://www.facebook.com/franchise.need/
News Editor
Mercedes-Benz discloses new vendor in Delhi
Mercedes-Benz has propelled another vendor in Delhi in Green Park. With this dispatch, Mercedes-Benz now has 97 outlets in India.
Initiated Global Star it is the first showroom from the organization in Quite a while to be founded on the new brand nearness in retail.
The new business is spread over a zone of 12000 square feet. It includes a nine-vehicle show and one conveyance straight The office includes a neighbourliness parlor and bar region just as computerized resources for example an advanced divider, intelligent touch table contact TV and a computerized spec stand.
Martin Schwenk, Managing Director and CEO, Mercedes-Benz India, stated, Delhi-NCR is a market with a high inclination for extravagance vehicles and this is our eleventh outlet in the area. We are focused on our clients and will keep on putting resources into this market to take into account the rising requests. Today we have 97 outlets in 48 urban communities in India, the densest system quality in the extravagance vehicle fragment. We are immovably on track to accomplish our 100th outlet soon. It is an indication of how far we have come, of the trust of our developing base of clients and our duty to all the Three-pointed star competitors in India.
We are living by our image mantra Anxious for Tomorrow every day and are continually pushing our points of confinement. This first retail outlet with the new brand nearness in India is our response to the changing retail condition and our drive to furnish our clients with an unmistakable brand understanding. With our new accomplices Global Star here in Delhi and this showroom, we are certain that we will keep on conveying the best client experience, Schwenk included.
The Importance Of Vertical Restraint In Franchising Agreements
Saturday, 15 February 2020
Given the complex legal landscape it is of upmost significance to protect one’s interests while participating as a contracting party in any Franchising marketing model
by arpita srivastava
https://franchiseneed.com
Franchising has often been referred to as one of the most novel methods of business expansion in todays world. Simply put it refers to a contractual arrangement whereby the owner of a product service or even a method of production, secures the distribution of its offerings through one or more affiliations (franchisee) The franchisor offers a licensed privilege to the franchisee to do business under its name and to use the technical know-how provided by the franchisor in return for a negotiated monetary exchange.
Franchisin many advantages include significant benefits to both the contractual parties involved and have an enormous success rate which makes it a widely adopted form of business. Its diluted sense of risk comes from the fact that the franchisee doesnt have to worry about creating a well-known brand name and the franchisors are able to take advantage of the distribution as well as the economies of scale.
Franchising emerged as a response to the rapid and fast-paced industry evolution in the modern era where technological advancements, an orientation towards a service economy and the need for an increased market penetration all played a role for its gaining traction. Moreover, in an emerging economy like India a rise in disposable middle-class income and increasing brand recognition could allow a greater number of companies with varied products and services to set up successful franchise businesses across the country.
FRANCHISING LAWS IN INDIA AND THE COMPLEXITIES INVOLVED
In some jurisdictions, there are specific franchising laws and statutes that regulate the core functioning of franchising and the regulatory issues peripheral to it. However, there is no specific statute for franchising regulation in India and a plethora of legislations collectively regulate it.
Although there is no central legislation in place, the Franchising sector in India is not arbitrarily governed and is influenced by a coalescence of enactments spread across different statutes like the Indian Contract Act 1872; the Consumer Protection Act, 1986; the Trade Marks Act, 1999; the Copyright Act, 1957; the Patents Act, 1970; the Design Act, 2000; the Specific Relief Act, 1963 and various other statutory enactments.
Primarily, a Franchising agreement is incumbent on the involvement of two or more parties. Therefore, the Indian Contract Act 1872 and Specific Relief Act 1963 are one of the most prominent legislation which directly deals with the actual enforcement of the covenants in the agreement as well as the provision of appropriate damages for any breach whilst keeping in mind the balance of conveniences and interests of the parties involved.
Another huge aspect that is subjected to regulation in franchise agreements is the competition implications of such agreements. A franchise agreement provides the franchisor with an easier route for the effective distribution of their products. However, certain stipulations can become a threat to a sense of fair competition in the market. For instance, the franchisee agreeing to certain obligations or restrictions on their activities like restriction on the selling of products from other brands. Such requirements can cause competition concerns under Competition Act 2002, which seeks to prevent the Appreciable Adverse Effect’ in the market economy.
Laws relating to taxation, property, insurance, and labor also apply to franchise transactions and in case the goods and services provided by the franchise entity fall under specific regulations, the same shall apply to them depending on the specific sector.
The aforementioned regulations and their influence make it arguable to propose that perhaps a singular comprehensive enactment may be desirable for the Indian scenario and that the coalescence of multiple regulations makes it more complex, time-consuming and at times ambiguous. This also lays bare the resultant complexities which are involved while getting into such agreements and the restrictions which ensue between firms at different levels of the marketing chain.
VERTICAL RESTRAINTS
Given the complex legal landscape, it is of utmost significance to protect one’s interests while participating as a contracting party in any Franchising marketing model. Vertical Restraints and their peculiar importance in franchising models are yet another part of such a complex relationship.
These restraints could be referred to as an economic imposition used in manufacturer/distributor relationship for controlling certain aspects of the trade (resale price maintenance, quantity fixing, tie-ins) or softening competition (exclusive dealing, franchising, exclusive territories). The importance of vertical restraint for franchising models is apparent from its very inherent features. The economic rationale behind their usage stems from the fact that they offer significant benefits to a brand in the form of protecting their brand image, increasing their presence and enhancing service qualities.
It has been the outcome of numerous studies that manufacturers and at times even small and medium-sized businesses (SMEs) adopt vertical restraints as a business strategy to prevent free-riding.
There are numerous types of covenants and agreements which come under the domain of Vertical Restraints. Covenants like ‘Resale Price Maintenance’ as well as ‘Exclusive Dealing’ are the most frequently used in franchising agreements. These covenants have routinely invited scrutiny and criticism as they have anti-competitive implications. For example, Exclusive Dealing is where the manufacturer/franchisor puts an obligation on the retailer/franchise, not to stock on any of their competitor’s products. Therefore, exclusive dealing affords the Franchisor to exercise greater autonomy over the distribution chains and thereby, not only softens the competition but also grants the business a more dominant presence in the market. Such a market foreclosure has anticompetitive consequences in the form of increased barriers to trade. However, the economics of vertical restraints and their relationship can cause us to re-scrutinize whether they are desirable or not.
VERTICAL RESTRAINTS IN INDIA
Owing to the nature of Vertical Restraints and the varying scope of their restrictive implications, it is considered desirable to put them under regulations so as to preserve the fair competitive spirit which the government seeks to uphold in the market. The anti-trust potential of these covenants in India is covered through Competition Act 2002 which primarily deals with issues relating to restrictive agreements and trade practices.
Section 3(4) deals with vertical restraints in different stages or levels of production enumerated as ‘tie-in arrangements’ ‘exclusive supply agreement’, ‘refusal to deal’ etc. Likewise, the enactment prohibits the imposition of any such agreement which would reasonably cause an ‘appreciably adverse effect on competition’ i.e. AAEC which is the guiding philosophy of competition legislation. Strengthened competition policy in this regard is an essential component for the creation of a fair and ‘democratic market economy’.
Furthermore, Section 27 of the Indian Contract Act expressly prohibits any agreement in restriction of trade. Even the overarching constitutional principles take a dim view of any imposition which impedes the fair and free flow of trade and commerce within the country. These legal principles have many a time influenced a number of decisions when it comes to negative covenants.
Moreover, the digital revolution is adding newer dimensions to the breadth of the legal landscape pertaining to the franchising business. In a string of precedents like MohitManglani v Flipkart and All India Online Vendors Association v. Flipkart India, the Competition Commission of India has acknowledged the distinctiveness of online platforms and the unique implications they have on the legal climate of competition policy and chains of distribution and has laid out that the touchstone of ‘Appreciable Adverse Effect’ has to be extended to such online platforms and at times have even held that vertical restraints could be pro-competitive and consumer-friendly.
Britannia delays capital expenditure plans to increase capacityBritannia delays capital expenditure plans to increase capacity
Friday, 14 February 2020
BENGALURU: Britannia is hindering capital spending as the volume development in its treat and pastry shop business stays low because of feeble customer spending.
By arpita srivastava
https://franchiseneed.com
We have diminished waste in the framework and balanced our fixed expenses. We have broke down every single imaginable strategy for limit extraction so as to delay capital interests in limit. We are attempting to get more than we have MD said in a post-profit call with experts prior this week.
The organization has decreased the separation its treats travel between the production line and the purchaser from 630 to 350 km. The organization says that every 10 km decrease brings about a yearly sparing of Rs 5
Treat producer Marie and Good Day detailed a 24% development in second from last quarter profit to Rs 373 million rupees on a pay of Rs 2936 million rupees. Berry said that in the current testing circumstance it didnt bode well to completely press the volumes since there is a breaking point to the flexibility of the framework
We center our energies we are driving the top line as much as we can however we are not turning by any stretch of the imagination and we center our energies around ensuring we build up frameworks and procedures reasonable for what to come Therefore Britannia is additionally deferring the national dispatch of certain items that were being promoted for preliminary. The organization propelled croissants a year ago by collaborating with the Greek organization Chipita and in November said the arrangement was to arrive at the whole nation in a quarter of a year.
5 Ways How Entrepreneurs Can Make The Most Of A Business Slump
Thursday, 13 February 2020
5 Ways How Entrepreneurs Can Make The Most Of A Business Slump
As an entrepreneur, one needs to be well prepared for dull phases in business and also be vigilant and sharp to make the most of the favourable times.
by:arpita srivastava
https:// franchiseneed.com
A business slowdown or a general economic recession offers challenges in the lives of every entrepreneur. From seasonal slowdowns like holidays or specific off-season phases for a particular business to an overall slump on a national/ regional level due to various factors, a slump can be a challenging and de-motivating time for businessmen, especially the first generation entrepreneurs.
Listed here are 5 effective ways to battle and emerge a winner from the slowdown!
1. Alter your product/value offerings:
This is an important aspect and the first line of action for an entrepreneur when trying to cope with a business slowdown. Depending on the overall market scenario, it is wise to modify ones product and service portfolio to match the consumer requirements at the time and this may vary from business to business. For e.g, for some businesses, it would be wise to include additional customer service as value-add so as to retain existing customers by giving them a little extra. While for others it may make sense to cut down on certain discounts or benefits which were previously affordable.
2. Re-negotiate contracts:
Capturing the expenses and optimising resources is the second most vital step when bracing for a slowdown. However, it does not always mean completely cutting off certain essential business services or vendor contracts. Instead, in the times of the millennial entrepreneurs and disruptive technology innovations, there are several options available for optimising performance. From modifying exclusive or retainer contracts to as-and-when required services to ‘leasing’ services from various vendors when required, outsourcing tasks, etc. can help reduce costs without cutting down on essential business needs.
3. Network and collaborate:
A slowdown for any set of business is an excellent time to meet other players in the industry, to reach out and network with them so as to understand the larger picture. This also offers excellent collaborative opportunities too, which apart from helping in business growth, also offer the much needed moral support and confidence needed to tide over a rough patch in business. Networking and collaboration during tough times bring out the best in entrepreneurs and maybe the right time to make life-long friends or partners!
4. Personnel Development:
The business slump also offers an excellent time to introspect, analyze, observe, and improve oneself. From additional training sessions for the staff and employees to indulging in knowledge sharing with peers, this could be an excellent opportunity for gaining knowledge and personal development. One may also engage in short term business-related courses (several are available on MOOCH sites like Coursera, which are free) or workshops that can help learn essential skills.
5. Plan for the future:
As ironic as it may sound, a slowdown is the best time to chalk out a realistic growth plan and sniff out profitable opportunities within the industry or in allied segments. These may include expansion of services to offer value and thus stay relevant or forge new partnerships to offer innovative solutions that can help beat the slowdown. A lot of business icons owe some of their most intelligent innovations to a slump period or an economic slowdown!
As an entrepreneur, one needs to be well prepared for dull phases in business and also be vigilant and sharp to make the most of the favorable times. Above all, the most essential qualities for any successful entrepreneur mainly includes a keen sense of observation, an eye out for opportunities, passionate dedication to the business and an expertise in the craft, coupled with sharp intuition and people skills, all come to the fore to ensure you can not only survive but thrive the slowdown!
Queue of startups rushing to register abroad gets longer
Wednesday, 12 February 2020
BENGALURU: More Indian new companies are fusing their organizations abroad. Singapore, the United States, the United Kingdom, the Netherlands and the United Arab Emirates are being favored because of stable guidelines, financed charge rates, helpful open posting standards and expanded worldwide financial specialist enthusiasm, as indicated by organizers, legal counselors and expense specialists.
Some late-organize buyer web and B2B new companies are additionally assessing flipping their parent organizations abroad, a procedure that typically takes up to one year, they told ET.
"There is an issue when huge speculative stock investments and blue-chip private value financial specialists ask where the organization is based before finding a workable pace model," said a startup author.
In any event ten authors, who declined to be cited by name, affirmed to ET that they were thinking about enlisting their firm in elective markets. "It (bringing capital up in India, and administrative arrangements) is progressively turning into a bottleneck," a startup author in the human services space said.
Organizations, for example, Ola, Oyo, Curefit, Lenskart, Urban Company (beforehand UrbanClap) and Paytm First Games, which have a built up nearness in India, are likewise enlisting new venture units in Singapore or the United States to course their global invasions.
"This likewise gives them a choice to later on flip the whole element to the abroad geology whenever required," said a speculator. Be that as it may, organizations in center money related administrations and land, where guidelines request an Indian enrolled substance, are the special cases to this standard, the industry insiders said.
In spite of the fact that the administration has set up measures to urge organizations to be based here, different countries keep on being a "bit ahead", these individuals said.
"India despite everything ponders a heartless duty organization, with GST being among the most entangled enactments on the planet," said Vatsal Gaur, Partner at HSL Legal. "The simplicity of upholding contracts, more slow purchaser cycles, bringing down of capital in the framework when all is said in done, intense laws with correctional assents, all add to business visionaries needing to move business outside," he included.
Legal advisors and tax assessment specialists revealed to ET that Singapore and the UK give better expense motivations to new businesses, particularly those with innovative work abilities.
The base corporate expense in Singapore is likewise lower than in India.
China is being favored by the Indian pharmaceutical area, while Indonesia is pulling in Indian makers to set up base. UAE is taxfriendly for business and capital increases. Indeed, even Malta and Estonia have pulled in new businesses in the digital money space, because of safe harbor laws.
"Digitisation (for consistence systems regarding corporate just as expense laws) can unfathomably improve the situation… The administration needs to squeeze quickening agents on organizing intervention forms by making and pushing bodies like what Singapore has finished with SIAC (Singapore International Arbitration Center)," said Dipti Lavya Swain, Partner at HSA Legal.
Bringing corporate charges down to 15% and actualizing lasting foundation prerequisites on worldwide organizations to set up a shop in India may assist new businesses with remaining back, originators said.
by arpita srivastava
https://franchiseneed.com
GMR Airports wins bid to build, operate airport in Greece; invests over €500 m
Tuesday, 11 February 2020
GMR Airports Limited, a subsidiary of GMR Infrastructure Limited has announced it has achieved the Concession Commencement Date (CCD) for design, construction, financing, operation, and maintenance of new international airport of Heraklion at Crete, Greece.
by arpita srivastava
https://franchiseneed.com
Prime Minister of Greece Kyriakos Mitsotakis laid the foundation stone of the airport, marking the beginning of the project.
GMR Airports Limited (GAL) along with its Greek partner GEK TERNA signed the concession pact in February 2019 for Design, Construction, Financing, Operation and Maintenance and Exploitation of the new international airport of Heraklion.
Project funding
The Concession Period for the project is 35 years including Phase 1 Construction of 5 years. The consortium intends to invest over €500 million for development of the new airport. The project is funded through support of Government grant and would not require any debt. The entire project will be funded through a mix of equity, accruals from the existing airport, and financial grant being provided by the Government of Greece.
Greece is one of the leading international tourist destinations, attracting nearly 33 million tourists per annum. Crete is the largest and most visited island in Greece. Heraklion airport, located in Crete, is the 2nd largest airport in Greece and has registered a traffic growth of 10 per cent CAGR over the past 3 years. The current airport is facing a severe capacity constraint and will be replaced by the new airport at Kastelli.
First operator
Srinivas Bommidala, Chairman, Energy and International Airports, GMR Group, said: “GMR is the first Indian airport operator to win bid to operate a European airport and also GMR Group’s first foray in the EU region. Along with our partner GEK Terna, we aim to deliver an airport of global standards which would be a matter of pride for Greece.”
GAL is a global airport developer and operator with a portfolio of five airports including airports in New Delhi, Hyderabad, Mactan Cebu International Airport in partnership with Megawide in The Philippines. GAL is developing a greenfield airport at Mopa in Goa. GMR’s new terminal at Mactan-Cebu airport has turned around the passenger traffic, giving a boost to the tourism. The new airport at Crete will help GMR Airports to expand its footprint in the European Union.
Eupheus Learning Launches IVersusi For Schools In Collaboration With TARGETplus
Monday, 10 February 2020
Eupheus Learning Launches IVersusi For Schools In Collaboration With TARGETplus
iVersusi is an app assisted digital solution that provides instant results and deep analytics to improve a child’s performance.
BY arpita srivastava
https://franchiseneed.com
Eupheus Learning Launches iVersusi For Schools In Collaboration With TARGETplus
Eupheus Learning, India’s leading Edtech company known for introducing revolutionary end-to-end educational solutions for school kids, has announced the integration of TARGETplus’ iVersusi solution under its umbrella.
iVersusi is an app assisted digital solution that provides instant results and deep analytics to improve a child’s performance. The solution supports scanning and analysing hand-written answers of any subject, board, class or level and in any language. The solution works through a simple process whereby a teacher uses the iVersusi mobile app to take a snapshot of the iVersusi sheets to generate personalised reports within minutes.
iVersusi are spiral assessments built on the principle ‘Compared With Self’ or “Compete With Yourself!” and takes a leaf out of Dr. Sunita Gandhi’s 15 year-long multi-country study that conclusively shows when children compete with themselves, they perform better. It is based on scientific research and evidence that has been tried and tested in the real laboratory of a large school in India since 2005, which among other factors, has led the school to become India’s number 1 CISCE school in terms of Board Results.
A study and trial conducted for results in Mathematics for 301 students from 3 CISCE schools by TARGETplus showed evidence that more children in the lower ranges of marks got 90% after the use of iVersusi. Also, more than twice the number of students overall in the TARGETplus group got marks above 90% than in the control group (53% versus 24%). TARGETplus progress tools also helped create more national toppers including 3 of the 6 National Rank 1 students in ISC in 2018.
Amit Kapoor, Co-Founder of Eupheus Learning, said, “These solutions are extremely beneficial for teachers and parents, apart from students, as they enable a targeted approach that saves time and improves results most time efficiently and effectively. They also reduce workload and stress. Teachers and parents (especially) get to know the exact learning gaps of each student. This a matchless step towards the future of education, to personalise solutions for every child, and to help every child excel even more in whole classrooms, within regular time frames, and with less work burden on the teacher and the taught.”
Dr. Sunita Gandhi, Founder, TARGETplus, stated, “Eupheus Learning is a pioneer in the Edtech space, and we at TARGETplusare extremely happy to be collaborating with them on iVersusi which is an innovative step in improving results for all children. Improving results is one of the most important goals for which every school works, what every parent wants, and what every child deserves. It makes everyone’s lives easier as the app is based on self-diagnosis and detailed diagnostic reports on each student that takes just 20 minutes of class time to generate. Using Eupheus’ vast reach, we aim to take this solution to schools all over the country so that our schools and students can benefit by getting even better results.”
genral atlantic puts anther$200 m in byjus
Saturday, 08 February 2020
Byju scores another $200 million in ongoing round, this time from General Atlantic ... In 2018, General Atlantic pumped in around ?410 crore for a 3.85% stake ... the world see the potential in the platform and want to put their chips in. ... Firstcry, the ecommerce store for baby products, gets another $150M ...
WhatsApp Pay set for phased roll out in India; granted NPCI permission
Saturday, 08 February 2020
WhatsApp Pay set for phased roll out in India; granted NPCI permission
by arpita srivastava
https://franchiseneed.com
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•Facebook-owned messaging service WhatsApp has secured regulatory approval for launching its digital payment platform — WhatApp Pay — in a phased manner close to two
years after the US-based companys pilot run.
The National Payments Corporation of India (NPCI) granted permission to the California-headquartered company on Thursday to operate WhatsApp Pay which will cater to 10 million users in India during the first phase a person in the know said.
The NPCI approval follows the Reserve Bank of Indias go-ahead. WhatsApp has assured the RBI and NPCI that it will comply with the data localisation norms a source said. WhatsApps resistance to the governments stand on data localisation was a key reason behind the delay in the companys payment service launch.
If WhatsApp is able to fulfil the compliance requirements, the messaging platform will be able to do a full roll-out the source said. Neither WhatsApp nor NPCI responded to Business Standard queries on the subject.
Once WhatsApp is able to do a full roll-out of the payment service, whatsapp expected to capture the lion’s share in that space. The messaging service giant which was bought by Mark Zuckerberg-led Facebook for $21 billion in 2014 counts India as its biggest market with more than 400 million users.Scale it slowly
WhatsApp s phased rollout of the payment service is linked to its large user base. The firm wants to scale up its payments operations once the infrastructure is equipped to handle the load of transactions, an official said. WhatsApp Pay based on the Unified Payments Interface (UPI) standard, is different from other apps that offer payment services. UPI developed by NPCI lets bank account holders send or receive money electronically without entering their net banking user ID or password.
So far Google Pay (launched in 2017 as Tez) has been the most used and growing UPI app in India, followed by Walmart-owned PhonePe Paytm and NPCI-created BHIM. All or most of these apps have acquired users from the ground up, giving banks time and opportunity to scale up as the transaction volume rises. As for Paytm, the subscriber numbers were not as high as WhatsApp when it launched UPI. Paytm had about 280 wallet users at the time and not all of them switched to UPI.
In the case of WhatsApp, the user base is already large and a phased rollout will hep ensure banks can scale up their systems as users start transacting. Payments through WhatsApp were introduced to a million users as a part of trial run in February 2018.
WhatsApp Pay beta run
WhatsApp started its trial run by partnering with ICICI Bank, while awaiting the regulatory nod to go live. After a long wait, things started firming up late last year. In October 2019, a third-party security audit, okayed by the RBI, was performed by one of the Big Four consultancies to check for security compliance of WhatsApp Pay, watsapp learnt. In the meantime, WhatsApp worked with the government and its own teams to resolve issues around data processing compliance.
The move to roll out WhatsApp Pay to a wider user base will put the American social media giant in direct competition with players like Alphabets Google Pay, Walmart-owned PhonePe, Amazon Pay and Alibaba-backed Paytm. These companies are already locked in a fierce battle to dominate the digital payments space in India.
As of last May, according to news reports, Google Pay saw over 240 million UPI transactions in the month, PhonePe recorded around 230 million while Paytm numbers were pegged at 200 million. Last week, speaking during an earnings call, Zuckerberg said WhatsApp Pay was expected to be launched in a number of countries over the next six months. We got approval to test this (payment services) with one million people in India back in 2018. And when so many of the people kept using it week after week, we knew it was going to be big when we get to launch,Zuckerberg had said, in a sure shot indication that the big rollout was close by.
DMART Parent launches 40 cr.
Friday, 07 February 2020
BENGALURU: Avenue, owner of the DMart supermarket chain on Wednesday launched a qualified institutional placement to raise up to 4 billion rupees. The shares rose 4.4% to Rs 2249 in the BSE Surpassing the sensex that closed 0.9% higher at 41143.
Avenue Supermarts informed BSE on Wednesday that the company board of directors had approved the issuance of 2 crore shares at a minimum price of Rs 1999. The QIP may allow a 5% discount.
After the QIP, the participation of the promoter Radhakrishan Damani will be reduced to 75% of 79% to comply with the Sebi guidelines on minimum public participation. For the third quarter, Avenue Supermarts reported a profit of Rs 394 million rupees, an increase of 55% year-over-year due to the decrease after the government cut in corporate taxes last year
Co-Working Space Provider Awfis Eyes To Double Operations In Hyderabad
Thursday, 06 February 2020
Co-Working Space Provider Awfis Eyes To Double Operations In Hyderabad
The co-working company operates eight centres in the city with a capacity of 5000 seats.
BY ARPITA SRIVASTAVA
Comment
Awfis Space Solutions is planning to double its presence in Hyderabad in the next six months. The co-working company operates eight centres in the city with a capacity of 5000 seats
Amit Ramani Founder & CEO Awfis Space Solutions, said We have roughly 5000 live seats and plan to double it to 10000 seats in the next six months Hyderabad is a key market for us and it will be among the top three cities for us as a co-working player including Bengaluru and Pune
Hyderabad is on our high priority list and we are keen to double the capacity here from eight centres to close to 16 centres by June-July 2020 We are currently in HITEC City and Gachibowli and plan to expand into Banjara Hills, Jubilee Hills, Begumpet Ameerpet and Secunderabad. From a geographic point of view, we want to provide complete coverage across commercial micro-markets of Hyderabad. At present the concentration is on the western market but we are soon going to spread into other locations Ramani added
India presence
In India Awfis has 35000 seats that are live across 10 cities, including Hyderabad. Recently the firm has forayed into Chennai Ramani stated There are around 15000 seats that are underway which will be ready by June. We are going to enter into Kochi Indore and Ahmedabad. The goal is to be in 12-13 cities and have over 50000 live seats by the middle of the year. We currently have 70 centres pan-India and will be adding another 30 to take the total to 100 by then
Statistical view of co-working spaces
Currentl there are 1000 operational co-working centres, with a capacity of more than 4 lakh seats across six major cities as per property consultant Cushman & Wakefield
Over the last 3-4 years the number of flexible space operators has risen from single digits to about 350
According to the report the user base of flexible workspaces will jump 10 times to nearly 3 million by 2025 Presently 65-70% of demand for co-working spaces comes from large corporates 15-20% from small & medium enterprises and 10-15% from freelancers and startups
The co-working demand in India is dominated by small and medium businesses and enterprises with the co-working space occupancy at about 90%. These companies are going to dominate the segment and drive demand.
The firms today look at converting capital investment into an operational investment flexibility with a shorter lock-in period, better infrastructure and well-designed workspaces
Pizza
Wednesday, 05 February 2020
ABOUT CHEF RUSSO
by arpita srivastava
https://franchiseneed.com
The child of original Italian settler Chef Anthony Russo experienced childhood in a New Jersey home where the kitchen was the focal point of family life There was continually cooking and preparing at home,and a large number of the fixings originated from the family garden Simply the way Grandpa and Nonna Russo backed in Avellino Italy
These encounters stayed with youthful Anthony as his family moved to Galveston Texas in 1978. His dad opened Russo Italian Restaurant which immediately turned into a neighborhood top choice. Much the same as that Anthony found a second home in the eatery kitchen. By the age of 12 he was taking in family plans from family members who flew in from Naples and Sicily each late spring Making pizza and scacciata (calzones) turned into his enthusiasm
gold gym
Tuesday, 04 February 2020
GROWTH TO COME FROM SMALLER TOWNS GOLS GYM Starting from one gym in Mumbai in 2002 Golds Gym has grown to over 145 centres currently
BY Arpita srivastava
GROWTH TO COME FROM SMALLER TOWNS GOLDS GYM
For over a decade, superior fitness services in India have been synonymous with Gold’s Gym. Starting from one gym in Mumbai in 2002 Golds Gym has grown to over 145 centres currently. The brand has aggressive plans to add over 50 centres in the span of the next 2-3 years. After dominating the urban markets with a unique business model, the fitness chain is now working towards capturing remote places like Tier IV towns across India. The future is here says Nikhil Kakkar COO Golds Gym. Excerpts from the conversation:
How has the past year been for Golds Gym
The previous year 2019 has been overall good for us. We have opened 18-20 gyms despite the tough market conditions and we have consistently done well in the sense we were able to meet the same number like we have been doing for the past five years. Although we added only 8-9 cities to our expansion portfolio, we were able to meet our targets.
Gold Gym was probably the first gym that became a branded chain of gyms in India. How has the brand evolved to stay relevant to the millennials
Like you rightly said, we were the first movers in the market which means the challenges were always there and equally, potentials were also there. Having said that, in India, fitness penetration is still very low when compared to international countries where at least 10-40% of the population goes to gyms; while in urban cities in India, even 1% of the population doesn’t go to a gym or involve in any kind of fitness activity. As we see, the scope of penetration is very large, which is also why so many players are entering the market.
How is the growth for Golds Gym in India Millennials, whether eating out or working out, want everything quick and we have designed a quick result programme a combination of diet and functional training) only to meet the demands of such millennials We are evolving as per customer needs and all our business models are designed to aid our growth. For instance, our model for urban markets is different, while the model for Tier II and III towns is different We have a very Indian model for Tier IV towns which is called the Golds Gym Active model designed especially for smaller cities. This model works extremely well for a town with population size of 2 lakhs and sub 2 lakhs. We want to have over 150 cities in the next two years and we are working towards this. Interestingly, there is immense scope to grow and the numbers are moving up. Growth is coming from Tier II, III, IV towns, considering our growth in urban markets is pretty exhausted at the moment .Do you think the model for Tier IV towns is sustainable in the long run The model has been designed in such fashion that it works in smaller towns. Well, what works in Delhi doesn’t work in Muradabad or Gorakhpur or for that matter what works in the US doesn’t work here. We had to design an Indian model for Tier IV towns. The paying capacity of these citizens has to be considered and in parallel, the investor also has to be profitable after two years. In order to achieve this, the capex has to be controlled and the investment has to go down.
Also, there won’t be the same number of members as in any metro city and we have to consider this. Another important aspect of this model has been that we are not charging exorbitant fees just because we are an international gym. If other local gyms are charging Rs 14000-15000 for an annual membership, we are also charging the same but offering international services at a lesser cost. As a result, there will be growth.
Has competition from other brands affected your growth in any way
I personally think more entrants in the market are good for the overall industry. Now, there is more awareness among people and they don’t want to spend time in hospitals. Instead, they would rather go to gyms. Also, the market is so huge that even if we can get 2% of the country’s population to go to a gym, there will still be a market for all.
How are you keeping up with the changing idea of wellness and fitness in India especially with internet penetration even in smaller towns?
It is the era of digital disruption irrespective of the sector. In retail, e-tailers are impacting retailers and now everything is available on the fingertips. Gold Gym is also launching its own app in a bid to build community, share diet tips, and create an ecosystem.
What are your targets for 2020
The target remains the same – we want to open over 50 centres in the next two years. However, the key challenge remains that most of the locations are sold out and what is next for us is that the growth has to come from smaller towns and we are working towards it.
urban company
Monday, 03 February 2020
Urban Company (better known as UrbanClap) has unveiled plans to on-board 1 million professional partners in the next 5 years. The company currently has 25,000 professional partners serving over 5 million households
by arpita srivastava.
To facilitate this massive expansion, the company has re-organized its business verticals to streamline business operations. Urban Company now offers services under 6 verticals, namely, Urban Beauty, Urban Grooming, Urban Spa, Urban Repairs, Urban Cleaning and Urban Painting.
The company has also re-branded itself from UrbanClap to Urban Company as it repositions itself into six core verticals to become a horizontal gig marketplace and expand its footprint globally. Highlighting the strategy to re-brand, Abhiraj Bhal, Co-Founder, Urban Company, said, “It was important for us to have a brand which is globally acceptable. Urban Company is a simple name with universal appeal. What remains unchanged is our commitment to offer reliable and affordable services at home. This is enabled by working closely with our professional partners, helping them with up-skilling, financing, insurance, product procurement etc., transforming them into micro-service entrepreneurs.”
The brand recently expanded into four international markets including, Dubai, Abu Dhabi, Sydney and Singapore.
Launched in 2014 in Delhi by Abhiraj Bhal, Varun Khaitan and Raghav Chandra, the startup currently has operations in 17 Indian cities – Ahmedabad, Bengaluru, Chandigarh, Chennai, Hyderabad, Jaipur, Kolkata, Mumbai, Pune, Ludhiana, Lucknow, Vadodara and Visakhapatnam.
The brand ties up with service providers in 6 verticals they operate in and provide appointments through their customer mobile app. The brand also has a company app for partners to buy the products and equipment they require through Urban Company-approved brands and suppliers. Professional partners receive classroom and on-the-job training to match their skill to company standards, as well as advertising and social media presence through Urban Company.
The brand charges a royalty of 20-30%, varying on the vertical the partner operates in. “Until Urban Company, the service professionals in India were not considered true professionals. Services such as plumbers, electricians and beauticians were not considered as high paying professions. However now our professional partners are micro-entrepreneurs, they make their own business hours and make a substantial living.” highlighted Bhal.
COFFEE DAY POSTS 190CR LOSS LOSS IN Q2
Saturday, 01 February 2020
Coffe Day Posts Rs. 190cr loss in Q2
coffe day enterprise(CDEL) which runs the Cafe Coffee chain reported a loss of Rs 190 crore for the qquarter ended September 30 2019 compared to a profit of RS.24 crore in the same period the year before accoreding to its management compiled numbers The stock exchange had warned that CDEF shared would be suspended form trading if failed to disclose its first quarter and half yearly form results by January 29 according sebinorms .Whether the management compliment number would satisfy the exchanges remains to see
Burger singh
Wednesday, 29 January 2020
Offers for establishment accomplices
By arpita srivastava
The burger conveyance chain likewise offers fascinating exceptional yield alternatives like establishment claimed organization worked for those searching for safe speculations and not be associated with tasks. The brand likewise has a worldwide nearness in London with 3 outlets and one nourishment truck and the establishment accomplice intends to take this number up to 17 in the following 3 years.Franchise accomplices additionally appear to be content with the forceful development period of the parent company.Rohan Mukherji, the establishment accomplice who began with one outlet in Noida and pursued another before long, stated, "The fundamental high for us, was the presentation of the Sector 50 outlet during its first year of activity, where it positioned among the main 3-4 outlets skillet India. Principle positives - direct connection with advertisers, sensible terms, proficient outfit, quality items, hit with adolescents." Another old accomplice, Mehrab Ilavia, included, "I was new to the cheap food industry and all the inventory network, item, tasks, and promoting bolster that I got was estimable." Establishment of Burger Singh chiefs are making a trip the nation over to meet intrigued franchisees; with Delhi NCR, Punjab, Gujarat, UP, MP, Maharashtra, Telangana, and Karnataka being the locales with the most elevated intrigue. Burger Singh as of now offers three establishment models going from Dine-in, Express (takeaway/conveyance) and Mini (stand), and all out venture costing anyplace from Rs 13-35 lakhs.
KFC
Tuesday, 28 January 2020
FINGER LICKING GOOD.......
new delhi KFC slogan like finfger licking good and nobody does chicken like KFC have lived entirely up to pepoles exepection for year whether the taste
of the food iteams is concerned or its the matter of company flowless advertising
but company latest the whole chicken advert is not faring well among the masses and has witnessed outrang form all across the globe
Pizzahut
Monday, 27 January 2020
pizzahut convay best pizza and yummest pizza
by arpita srivastava
https://franchiseneed.com
pizzahut an auxiiary of yum brands inc conveys more pizza ,pasta and wings than some other cafe on the planet the pizza cafe on the pizza cafe on the planet
the pizza cafe started 58year priored in wichita kansas when two siblings acquired $600 form their mother to begin a pizzashop what began little has become the greatest pizza and singnification more pizzahut additionally is the owner of the bbook IT program which is a long-standing kids education program utililized in execess of 630000 homeroom according the countery
OYO
Monday, 27 January 2020
OYO hotles and homes is looking at expanding its footprint in rajasthan the hospitality firm is aiming have 40000 room bye the end of next year
THE company is having a protfolioof over 44000 hotel with morethen 1.2 million rooms OYO operates in more than 800 cities in 80 countries
make my trip
Monday, 01 January 1900
make my trip is the best travilling company
Addidas
Thursday, 23 January 2020
Adidas Originals, the part of Adidas` Sports Style division, is going to open 8 more stores. While opening the second outlet in Chandigarh, Andreas Gellner, MD, Adidas India, reveals that the company is planning to enter all the major metropolitans by another 12-15 months. Within their business strategy, they have plan to set up sports performance showrooms in the tier III and tier IV cities. The country is likely to see another 150 such showrooms making the total count 450 by the end of this year. For the brand promotion, the company is planning to rope in a celebrity but on the basis of non-commercial relationship like their global counterparts. Also, it was revealed that Adidas would be investing 8 per cent of its total sales from the country on marketing initiatives. According to Gellner, India would be among the 12 top markets within 3-4 years. Adidas Originals plans to expand its presence by opening stores in all the major metros such as Bangalore, Mumbai, NCR, Chennai, Mumbai, Hyderabad in the next 12-15 months. All the stores will be franchised. A potential partner should be involved and willing to invest time and money. The franchisee should possess a long-term vision and business plan, as well as a structure and team for execution of agreed plans. The partner should have a cultural fit with the adidas brand, i.e. possesses the passion for performance and the determination to lead. A minimum of 1000-1200 sq ft area is required for the stores. Regarding the investment, Gellner says, “ Adidas offers a predetermined margin to the partners, who retail from adidas’ exclusive stores. These stores are designed as per adidas’ global retail guidelines and provide high visibility. The brand offers advice and assistance to its franchisees on every facet of retail operations. All new franchisees are provided with a detailed return on investment. The absolute investment varies according to the store size and also the overall business expectation.” Adidas, the sportswear giant, registered a turnover of 10 billion euros in 2007. Currently the company enjoys 25-30 per cent of market share in country’s sports footwear and apparel market.
By Arpita from https://www.franchiseneed.com
gold gym
Thursday, 23 January 2020
gold is gym opens its franchise in Jalandhar After its success in Ludhiana, Gold is gym, the largest co-ed gym chain in the world has opened its franchise in Jalandhar which has also met with huge success. The company is now planning to target some tier II cities like Mohali, Chandigarh and Panchkula. Gold`s gym, called "The Mecca of Bodybuilding", is mostly preferred by the amateur and the professional-athletes, besides fitness and beauty-conscience entertainment industry professionals. "Such sports centers are essential for everyone. Gyms should be well-equipped where people can come and gain fitness. Punjabis are very fond of eating; so they just gobble and forget about their health. Going to fitness centres is the best way to fight many of the diseases," says Harbhajan Singh, member of the Indian Cricket Team. The Punjabis have also learnt the secret of remaining fit as they avail of the facilities at high-tech fitness centres equipped with a cardio-vascular section, strength training and free weight, and a steam room. The credit of bringing a world-class fitness facility to Jalandhar goes to Amolok Singh Gakhal, a non-resident Punjabi who spent 1.4 million dollars in getting the franchise. The mantra, “Health is Wealth” is currently a prominent feature of the lives Punjabis, and they don`t think it`s a big deal to spend $650 a year to stay fit. The fitness industry has noted the rising health trend and it`s planning more such centers in the near future. According to Manvinder Singh Bal, Director, Gold`s Gym, The potential is enormous, because this is an industry, which does not target any specific sector like doctors or engineers. Good health is necessary for everyone. But, since in today`s modern lifestyle, fitness is not part of the daily curriculum, it becomes important to educate the people. If they are aware of the importance of health and fitness in their lives, they will definitely like our concept." Gymnasiums, health centres and spas have mushroomed in all major cities of Punjab. Some of the larger ones like Gold`s gym hire qualified medical practitioners and dieticians to guide members. In today`s stressful and fast-morning life, fitness is necessary to be savvy and successful. "One gains mental fitness by having physical fitness. One who is mentally and physically fit can achieve anything," said Dr. S. P. S. Virk, a customer. Gold`s gym is currently setting up a gym chain in India with one gym opening every two months. Presently it has 16 open and operating gyms across 10 cities in India. Currently the company is concentrated mainly in North India, but is planning expansion across the nation. The expansion mode is essentially through franchise route. One of its branches is already operational in Noida, while another one will come up soon in Rohini, Delhi. Being the master franchisee of the SAARC countries, the company has already marked its presence in Nepal and Bangladesh. Franchise Facts Existing Gyms: 14 operational; 18 under construction Future Plans: 50 branches by this year-end Location Preferred: Malls, Residential/Office Complexes Investment: Rs. 2 crore Area: 7000 sq. ft. carpet area Target Cities: Tier II Cities Support: Operational, Marketing, Sales, Training and Vendor tie-up
chicago pizza
Thursday, 23 January 2020
The Delhi-based QSR wants to deploy funds to strengthen its market presence with slew of cloud kitchens, pizza lounges and logistics centres in South, West and East India
BY arpita srivastava
More than a decade after its launch, Delhi-based Chicago Pizza is looking to raise Series-A funds for faster expansion. The brand plans to dilute 10-20% shares of the company. It has clocked over 150% growth in sales in the current fiscal and asserts to increase the revenues to Rs 1,000 crore over the next three years with more store launches, new brand formats, and aggressive growth plans. Speaking about how the company would like to deploy the funds, Vishal Kapur, Co-Founder, Chicago Pizza, said, “A majority of the funds would be used to further strengthen our presence and build more warehouses to cater to other locations, apart from North India.”
“Though we have seeded outlets pan-India ranging from Chennai to even remote locations in Guwahati, we wish to open commissary or logistic centers in three locations to further support, facilitate and grow in South, West and East India. We want to maximize on the pizza delivery revolution which was once captured only by international brands like Dominos or Pizza Hut. Today, customers are more open to brands like Chicago Pizza. We wish to open 10 cloud kitchens in virgin Tier I cities as well as in Mumbai and Bengaluru to keep operations cost low and get maximum sales through the owned delivery website, CRM, logistics as well as from third-party deliveries,” he added.
Unique Models
In addition, Chicago Pizza has devised a new franchise model, Chicago Pizza Beer and Wine Lounge, offering liquor with pizza. The brand has finalized 10 such lounges in Delhi NCR to further enrich the experience of consuming pizza along with wine or beer. According to Kapur, sales from such lounges serving alcohol would be higher on which the brand would be charging 9% royalty on both food and alcohol. He added that these strategies with a mix of lounge experience and dark kitchens will assist the brand to expand swiftly.
The big thing in favor of the brand has been its ambitious plan to take its footprint far and wide. Launched with a single outlet in Delhi-NCR in 2007, Chicago Pizza has spread over 120 locations pan-India. Popularly known for its ‘by the slice pizza’ concept, Chicago Pizza operates in two models – company-owned and franchise-owned. Another highlight of its services has been the ‘do-it-yourself’ pizza kit that the brand provides to its customers who would like to bake their own pizza with sauces and toppings of their choice.
Youth cafe on the expansion mode ...
Wednesday, 26 June 2019
In a way to increase the portfolio Franchiseneed.com relaunches it food brand underthe name of Youth cafe. With the wide choice of the food menu and drink menu with limited investment and high returns
Jubilant FoodWorks to Boost the Franchisee of Dunkin’ Donut in India...
Wednesday, 26 June 2019
In a way to increase the portfolio of Dunkin’ Donut in India, Indian master franchisee of the brand, Jubilant FoodWorks Ltd, plans to launch 100 outlets of it in next four years. “We will open 80-100 Dunkin’ Donut outlets in the next four years to grow the brand. We are identifying locations wher
Carnation India is looking at over 10 Franchisee Outlets in each major city...
Wednesday, 26 June 2019
Chennai, Sept: “Rich people buy new cars, intelligent people buy second-hand cars,” says Jagdish Khattar, Chairman and Managing Director, Carnation Auto India, a multi-brand car service chain and dealer in pre-owned cars. Khattar smiles — it must have been tough to keep a straight face considering
Subway on the expansion mode ...
Wednesday, 26 June 2019
Subway India franchises is expanding its network across the country, with widely targeting the vegetarian lovers. According to a new report by Food and Beverage India, the largest food franchise will not only enchasing the covering area, but will also introduce some more international flavours.
