Red Ribbon Advisory Services (RRAS), part of UK-based Red Ribbon Asset Management Plc has tied up with Franchise India, Asia's largest integrated franchise solution company to further expand their footprint in India.
Franchise India will help RRAS to bring on board high net worth individuals and family business looking to participate in the India’s start up story. Under this tie-up, Franchise India will help RRAS strategise, get franchisees to grow the brand and implement their business strategy to accelerate visibility in India. Franchise India will act as a brand distributor and franchise model for RRAS and will target to appoint 500 distributors and channel partners for RRAS in India.
Red Ribbon promotes scalable projects that are incubated by investing its own capital in specifically chosen projects that meet their stringent selection criteria for incubation. Once a project is launched, an industry leader from the relevant sector is appointed as CEO to head the project and deliver the growth plan. The project is further developed and made ‘Finance Ready’ by crossing key gestation milestones, which significantly reduces risk profile for the investor.
Red Ribbon is offering these opportunities as a structured product for angel investors. This enables the investor to be free of the hassle related to identifying, vetting and engaging with the startup. Red Ribbon intends to develop a network of angel investors across India with a special focus on tier-II and III cities.
Red Ribbon is a strong believer in the ‘Make in India’ story and is very clear of only offering opportunities in traditional, ‘brick and mortar’ businesses which have the potential to create India into a manufacturing hub and generate employment opportunities.
Aditya Kanoria, CEO, Red Ribbon Advisory Services commented, “We are positive that the partnership with Franchise India will help us establish our presence pan-India. Through our franchise, we are looking forward to incubating brick-and-mortar start ups in India and playing our role in contributing to the ‘Make in India’ story. With the proven expertise that Franchise India brings to the table, we are sure to see rapid growth for the company in the coming months which will help us achieve new heights.”
Gaurav Marya, Chairman, Franchise India Holdings Ltd said, “We are glad to partner with RRAS and believe in their unique way of incubating brick and mortar start-ups. We are optimistic to help them appoint the right distributors and franchisees across the country. With our expertise in strategising and implementation, we are sure to escalate the penetration and scalability of RRAS in India and also raise funds for them.”