Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 14 2019

Ipsaa eyes investing Rs 100 crore to expand its operations

The company is also planning to raise $10 million through Series A funding in the next 12-18 months.

Ipsaa is eyeing at investing Rs 100 crore to more than double its centres across India by 2020. The day-care chain is further in talks with private equity players to raise $10 million in the next 12-18 months.

Shiv Mittal, Co-founder and CEO, Ipsaa, said, "We are looking at opening 125 more day-care centres across the country by 2020, taking the total count to 200. All our centres are company-owned and operated and we plan to invest Rs 100 crore to fund our expansion plans."

The company is also planning to raise $10 million through Series A funding in the next 12-18 months.

"A few private equity players have expressed interest in investing in Ipsaa Day Care Centres. It is in talking stage right now," Mittal added.

He further stated, "Growing working population in India has led to significant demand of credible and quality child care. We have observed a substantial increase in demand from tier 2 cities, and will be instituting over 125 new centres in Ranchi, Coimbatore, and other cities."

Presently, Ipsaa is operating more than 75 centres in Delhi, Noida, Gurgaon, Mumbai, Chennai, Bangalore, Goa, Pune, Jaipur, Hyderabad and Kolkata.

Comment
image
Related opportunities
  • Automobile maintanance related
    About Us: Car Mall is a one-stop shop to buy and..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 3500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: FullFills is a contemporary restaurant brand which serve international..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Original Biryani Expereince Since 2010.   Known for its delicious and..
    Locations looking for expansion Karnataka
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • About Us: MCTA provides Job Ready Certification Programs in Digital Marketing..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 650
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
Entrepreneur
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