Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 23 2016

Mahindra to open 50 Babyoye franchise stores in 2016

​Mahindra Retail hopes to set up about 50 Babyoye franchise stores by the end of 2016. The brand currently runs 32 franchise stores.

“In this fiscal, we have added about 25 stores. Between now and March, we will add another 15 stores. Thus, by the end of this fiscal, we will have no less than 125 stores. We have 32 franchise stores and the remaining are company-owned ones. The ratio will continue to move pretty much in the same proportion though we might see early rise in franchise stores. By the end of 2016 we will have around 50 franchise stores,” says Prakash Wakankar, CEO, Mahindra Retail.

The brand also sees overseas market as lucrative as it has opened its first international store in Mauritius via the franchise route. Henceforth, it is exploring opportunities for the Middle-East, Sri Lanka, Nepal and Bangladesh and eyes on expanding in Pakistan too.

It has also revamped its website and launched a mobile app. “In less than three months of launching of the app, we have exceeded 1,25,000 downloads. Our average transaction value on the app is growing and its increasing traction both on iOS and Android platform. We have added products, now there are around 12,000 products on our website many of which will not be available in the store,” he adds.

Comment
image
Related opportunities
  • Gyms and Fitness Centres
    Chisel- An initiative by Virat KohliWith celebrity-backed ventures becoming the..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3500 sq ft- 7000 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Furniture/Home Decor & Furnishing
    About Us: Founded in 2016, Fanusta.com is a curated marketplace of..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets Less than 10
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • About Us: Associate with the leading brand in Olympiad Examination in..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Pharmacies
    About Us: Pillstree changes the way you shop for health care..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities