Hotline: 1800 102 2007
Hotline: 1800 102 2007
Dec, 02 2019

FirstCry enters pre-primary segment by acquiring Oi Playschool

The Pune-based company acquired Oi Playschool, a part of the People Combine Group, through Edubees Education.

By News Editor
FirstCry enters pre-primary segment by acquiring Oi Playschool

FirstCry has acquired Oi Playschool for an undisclosed amount of money. With this acquisition, the online-first baby products retailer has forayed into the pre-primary education segment.

The Pune-based company acquired Oi Playschool, a part of the People Combine Group, through Edubees Education. Hyderabad-based LoEstro Advisors acted as the exclusive financial advisor to Oi Play Schools on the transaction.

Naga Prasad Tummula, Chairman at People Combine Group, said, “Oi’s students and employees would benefit because of Firstcry’s long-term vision for the pre-primary business.”

Supam Maheshwari, Chief Executive Officer of FirstCry, stated, “We are very happy with the accomplishments Oi Play School achieved over the years. It was a pleasure to work with the company’s management team.”

Current Scenario of Preschool Market in India

The Indian pre-school market has witnessed healthy growth in recent years. This market in India is poised to grow at a CAGR of around 19% during 2019-2024.

The growth of the Indian pre-school market is driven primarily by factors like rising parent awareness for early childhood education and care, coupled with the rising number of nuclear families and working women in the country. 

As of 2015, there were 33,000 preschools in the country and the number is growing exponentially. Enticed with such huge potential, entrepreneurs are willing to invest in the preschool market.

Franchising Prospects of Preschool Industry

Franchising is the trend of the hour, and pre-school franchises are gaining tremendous popularity owing to an increase in demand for reputable brands, higher disposable incomes, etc. For a pre-school franchise, you would require a moderate investment with high-profit revenue.

In India, investing in a preschool franchise is one profitable option for investors that are planning to start something of their own. In fact, the preschool education industry is growing by leaps and bounds, which is eventually opening the gate of opportunities for aspiring franchisors.

Since the segment requires lesser regulatory limitations and has a minimal infrastructural requirement, the industry is all set to emerge as one of the profitable education business options in the near time.

Typical Franchise Requirements

The typical investment range to start a preschool franchise is Rs 5 lakhs and can range up to Rs 50 lakhs, with an area requirement starting from 1500-2000 sq ft. The breakeven period in most of the preschool franchises can be expected in 12-24 months.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Courier & Delivery
    About Us: InXpress has its origins in the world's largest Business..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2013
    Investment size Rs. 5lac - 10lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Designer Jewellery
    About Us: A Contemporary Brand For Handcrafted Silver Jewellery From the..
    Locations looking for expansion West BENGAL
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West BENGAL
  • Others Food Service
    About Us: Founded in 1975, Chickpet Donne Biryani provides an exclusive..
    Locations looking for expansion Karnataka
    Establishment year 1975
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater bangalore Karnataka
  • Superstores
    About Us: Launched in 2017, Next Door Hub is an online..
    Locations looking for expansion West bengal
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
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