Hotline: 1800 102 2007
Hotline: 1800 102 2007
Sep, 27 2017

YouWeCan co Founder To launch Engee Wellness

The start-up, which is running two outlets in Gurgaon, has been bootstrapped by Singhal and his co-founder Geetika Dhawan.

YouWeCan co Founder To launch Engee Wellness

YouweCan ventures co founder Nishat Singhal has launched a foot spa start-up Engee Wellness which runs reflexology chain under the brand Thai Way food Spa & Reflexology, and has raised an undisclosed amount in A round.

The investors include Outbox Ventures Sumeet Kapur, founder of Nearbuy Vineet Singh, chief business officer at MobiKwik Saurabh Mittal, chief financial officer at S Chand Group and Start-up Buddy founder Amit Singhal.

The start-up, which is running two outlets in Gurgaon, has been bootstrapped by Singhal and his co-founder Geetika Dhawan.
Geetika Dhawan said “We will be opening another five outlets with this funding round to expand at all premium high footfall locations in Delhi-NCR.” The company is in advanced stages of discussion to raise $3 million (about Rs 19 crore) for creating a pan-India foot spa and reflexology chain with more than 100 outlets in next 18 to 24 months.

Amit Singhal said “Our business model requires low capex of $25,000 per outlet with monthly cash break-even at $4,500 revenue only. Thus each outlet achieves total cash break-even by the third month of operations.”

Dhawan has more than 12 years of work experience in operations, quality management, sales and marketing at companies including like Jindal Group, Puravankara and QVC Realty, while Singhal is a chartered accountant and has worked with PwC and Investors Clinic, and co-founded Youwecan Ventures, a venture fund, with cricketer Yuvraj Singh. 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Beauty Salons
    About Us: Apple Unisex Salon was incepted with a dream to..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Waste Management Plants
    About Us: Pro India is engaged in bringing back used plastics..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Clinics & Nursing Homes
     Remassis (https://www.remassis.com) is India’s 1st chain of E-poly clinics. Powered..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    About Us: PapaLouie’s Pizza is now on the mode of developing..
    Locations looking for expansion Gujarat
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities