Hotline: 1800 102 2007
Hotline: 1800 102 2007
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.

Mahindra to open 50 Babyoye franchise stores in 2016

“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.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Tea And Coffee Chain
    About Us: Started in Delhi’s Lajpat Nagar, ‘How You Brewing’ is..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Tea And Coffee Chain
    About Us: Ritazza is an international chain of coffee shops specialising in..
    Locations looking for expansion Delhi
    Establishment year 1988
    Franchising Launch Date 1955
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Fine Dine Restaurants
    About Us: Located in Andheri, The newest eatery to make its way..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About: Go Italia is a casual dining Italian cuisine restaurant with..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities