Retail and franchise solutions provider Franchise India is planning to tie-up with leading public and private sector banks to help provide easy finance to investors keen on setting-up small businesses, a top company official said.
Franchise India is trying to bring-in a formal structure to franchise loans and act as a facilitator to provide easy loans for the benefit of small investors.
"We are working out on this (franchise loans) and are in talks with a few banks currently to develop a more proper and organised format for franchise loans to investors. Currently, the challenge is that the banks do not accept only capital equipment as security," Franchise India's President, Gaurav Marya, told PTI here today.
The franchise business, which is growing at a rate of 30-35 per cent annually will be the next tool to create entrepreneurship with an aim to promote financial inclusion.
The retail consulting firm is already in talks with five leading banks--SBI, HSBC, Punjab National Bank, ICICI Bank and HDFC, Marya said, adding that HDFC and SBI are already providing franchise loans but in a small way.
"It has to be more organised as only five per cent of the entire franchise financing requirement in India is met by financial institutions. Banks don't give industry-specific funding options to brand franchisees and often treat them at par with independent start-up businesses. This perception has to be changed," Marya added.
Tags:franchise loans, franchise lending, Franchise Funding, business loans, Franchise Finance, franchise facilitator,franchise assistance, franchising loans, franchisee loan, franchiser loan.
Source: PTI,04:08 PM,Aug 27,2010.
This Blog/Information/News Item/Press Release has been posted by Sparkleminds, A Franchise Consulting Company Based at Bangalore,India, Offering Complete Franchise Solutions Nationally and Internationally for more than a decade now.Visit www.sparkleminds.com for more details.
Showing posts with label Franchise Funding. Show all posts
Showing posts with label Franchise Funding. Show all posts
Friday, August 27, 2010
Wednesday, July 28, 2010
Re-feel Cartridge Gets 20 Cr Funding From TLG Capital For Expanding Franchisee Network
UK based Private Equity firm TLG Capital has invested $4.46 Mn(Rs 20.5 Crore) for a 36% stake in Re-feel Cartridge Engineering Pvt Ltd in its first Indian private equity deal. The deal values the startup which provides printer cartridge refill and laptop repair services at $12.40 Mn(Rs 57 Crore).
The funds will be used by Re-feel for expanding its franchisee network and expanding its laptop repair business. TLG Capital’s Sidarth Menon has been appointed chief financial adviser at Re-feel Engineering.TLG is also planning to replicate Re-feel’s overall business model in sub-Saharan Africa due to the similarities it sees between the two markets.
In 2008, Bennett, Coleman & Co Ltd (BCCL), publishers of ‘The Times of India’ and ‘The Economic Times’, had completed a private treaty deal with Refeel Cartridge. As part of the deal, BCCL has invested around Rs 15 crore in the company.
Refeel Cartridge was floated in February 2007 but the first store was set up only in August 2007.The company claims refilling inkjet cartridges at their store will enable price saving of 75% than buying an OEM cartridge and 60% for laser cartridges. Little wonder, the company has more than 50 corporate clients.
Refilling printer cartridges is a way by which companies can cut their printing costs by at least 50-60%. Typically, a large organisation has a printing budget of around Rs 5-7 lakh per month.Around 40% of our revenue is expected from the enterprise segment and the balance from the small office home office (SOHO) and retail customers said an official from Re Feel Cartridges.
Re Feel Engineering also owns the Club Laptop franchisee which operates in the laptop service segment.Club Laptop offers a one stop solution for laptop repair and laptop accessories.
Tags:refeel cartridge, refeel franchise,franchisee, franchisee network, laptop repair franchise, sidharth menon, TLG Capital, Franchise Funding, Franchise Venture,service franchise.
Source:India Micro Finance.July 28, 2010.
This Blog/Information/News Item/Press Release has been posted by Sparkleminds, A Franchise Consulting Company Based at Bangalore,India, Offering Complete Franchise Solutions Nationally and Internationally for more than a decade now.Visit www.sparkleminds.com for more details.
The funds will be used by Re-feel for expanding its franchisee network and expanding its laptop repair business. TLG Capital’s Sidarth Menon has been appointed chief financial adviser at Re-feel Engineering.TLG is also planning to replicate Re-feel’s overall business model in sub-Saharan Africa due to the similarities it sees between the two markets.
In 2008, Bennett, Coleman & Co Ltd (BCCL), publishers of ‘The Times of India’ and ‘The Economic Times’, had completed a private treaty deal with Refeel Cartridge. As part of the deal, BCCL has invested around Rs 15 crore in the company.
Refeel Cartridge was floated in February 2007 but the first store was set up only in August 2007.The company claims refilling inkjet cartridges at their store will enable price saving of 75% than buying an OEM cartridge and 60% for laser cartridges. Little wonder, the company has more than 50 corporate clients.
Refilling printer cartridges is a way by which companies can cut their printing costs by at least 50-60%. Typically, a large organisation has a printing budget of around Rs 5-7 lakh per month.Around 40% of our revenue is expected from the enterprise segment and the balance from the small office home office (SOHO) and retail customers said an official from Re Feel Cartridges.
Re Feel Engineering also owns the Club Laptop franchisee which operates in the laptop service segment.Club Laptop offers a one stop solution for laptop repair and laptop accessories.
Tags:refeel cartridge, refeel franchise,franchisee, franchisee network, laptop repair franchise, sidharth menon, TLG Capital, Franchise Funding, Franchise Venture,service franchise.
Source:India Micro Finance.July 28, 2010.
This Blog/Information/News Item/Press Release has been posted by Sparkleminds, A Franchise Consulting Company Based at Bangalore,India, Offering Complete Franchise Solutions Nationally and Internationally for more than a decade now.Visit www.sparkleminds.com for more details.
Tuesday, June 22, 2010
Shapoorjee Chandabhoy To Invest In Franchise Companies, Ace Tours and Liverpool Retail.
AHMEDABAD: Mumbai-BASED non-banking finance company (NBFC) Shapoorjee Chandabhoy Finvest Pvt Ltd (SCFPL) is planning to invest in two Gujarat-based small and medium-size companies — Ace Tour & Travel Ltd and Liverpool Retail India Ltd. The negotiations with both the companies that are into travel and readymade garment business are at the final stages and expected to conclude within the next few months.
If all goes as planned, SCFPL will pick up 26% stake in Ace Tour, a Surat-based travel company, for Rs 25 crore, and 20% in Liverpool Retail India Ltd, an Ahmedabad-based readymade garment retailing company, for Rs 15 crore.
Confirming the development, SCFPL president Farzan Ghadially told ET: “We are in the final stages of negotiation with both the companies. We see a lot of potential in both the sectors.” He further said the firm was looking at investments in the Rs 1 - 25 crore range, targeting small and medium size enterprises.
According to Liverpool MD Kailash Gupta: “The deal is yet to conclude. If done, we will be using the funds for further expansion.” Liverpool promoted by Vijay Singh Rathod and Kailash Gupta ventured into the readymade garment sector in 2001 and launched its fashion retail chain across the country under the brand name Liverpool in 2006.
Liverpool Retail recently added five family showrooms in Gujarat, Mumbai and Bangalore and plans to further scale up its presence in other parts of the country. “We intend to open up 50 family stores and also start our own garment manufacturing,” added Mr Gupta.
Currently, Liverpool sources its garments from third parties. With fresh capital infusion, it intends to source 25% of its garment requirements from in-house manufacturing. "It's a backward integration for us," he pointed out.
Ace Tour on the other hand wants to expand in western India especially in Gujarat, Rajasthan, Madhya Pradesh and Maharashtra. Currently, the company has presence in four major cities of Gujarat and at a few locations in Maharashtra . Talking to ET, Raju Choksi MD of the Surat-based company said: “Once we are done with western India, then we will go for pan-India expansion.” Ace Tour & Travel was established in 1996 as a small family run neighborhood business, founded by Raju Choksi and Bharat Choksi. By 2008, the company expanded to seven branches. It now has 12 franchises in India and in the UK .
Tags:Invest In Franchise, Franchise Investments, Franchise Funding, Franchise Financing, Ace Tours, Travel Franchise, Raju Choksi, Liverpool retail, kailash gupta, vijay singh rathod, bharat choksi, Apparel Franchise
Source:22 Jun 2010, 1450 hrs IST,ET Bureau
This Blog has been posted by Sparkleminds, A Franchise Consulting Company Based At Bangalore, India, Offering Complete Franchise Solutions Nationally and Internationally for more than a decade now.Visit www.sparkleminds.com for more details.
If all goes as planned, SCFPL will pick up 26% stake in Ace Tour, a Surat-based travel company, for Rs 25 crore, and 20% in Liverpool Retail India Ltd, an Ahmedabad-based readymade garment retailing company, for Rs 15 crore.
Confirming the development, SCFPL president Farzan Ghadially told ET: “We are in the final stages of negotiation with both the companies. We see a lot of potential in both the sectors.” He further said the firm was looking at investments in the Rs 1 - 25 crore range, targeting small and medium size enterprises.
According to Liverpool MD Kailash Gupta: “The deal is yet to conclude. If done, we will be using the funds for further expansion.” Liverpool promoted by Vijay Singh Rathod and Kailash Gupta ventured into the readymade garment sector in 2001 and launched its fashion retail chain across the country under the brand name Liverpool in 2006.
Liverpool Retail recently added five family showrooms in Gujarat, Mumbai and Bangalore and plans to further scale up its presence in other parts of the country. “We intend to open up 50 family stores and also start our own garment manufacturing,” added Mr Gupta.
Currently, Liverpool sources its garments from third parties. With fresh capital infusion, it intends to source 25% of its garment requirements from in-house manufacturing. "It's a backward integration for us," he pointed out.
Ace Tour on the other hand wants to expand in western India especially in Gujarat, Rajasthan, Madhya Pradesh and Maharashtra. Currently, the company has presence in four major cities of Gujarat and at a few locations in Maharashtra . Talking to ET, Raju Choksi MD of the Surat-based company said: “Once we are done with western India, then we will go for pan-India expansion.” Ace Tour & Travel was established in 1996 as a small family run neighborhood business, founded by Raju Choksi and Bharat Choksi. By 2008, the company expanded to seven branches. It now has 12 franchises in India and in the UK .
Tags:Invest In Franchise, Franchise Investments, Franchise Funding, Franchise Financing, Ace Tours, Travel Franchise, Raju Choksi, Liverpool retail, kailash gupta, vijay singh rathod, bharat choksi, Apparel Franchise
Source:22 Jun 2010, 1450 hrs IST,ET Bureau
This Blog has been posted by Sparkleminds, A Franchise Consulting Company Based At Bangalore, India, Offering Complete Franchise Solutions Nationally and Internationally for more than a decade now.Visit www.sparkleminds.com for more details.
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