Hotline: 1800 102 2007
Hotline: 1800 102 2007
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 eyes investing Rs 100 crore to expand its operations

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.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Pharmacies
    Online Healthcare Company is one of the fastest-growing industries in..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • About Us: Nirmal World Private Limited is a prosperous company that..
    Locations looking for expansion Uttar pradesh
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Varanasi Uttar pradesh
  • Quick Service Restaurants
    About Us: Incorporated in 2012, Munchies Bite is all about midnight..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Tea And Coffee Chain
    About Us: About: Started in 2017, Jail Chai  Bar is a unique..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
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