Articles

OLX takes franchise route to strengthen position in India's used car market, says GlobalData

Opportunity India Desk Aug 25, 2020 - 2 min read

Following the news that India's leading online marketplace for selling used products, OLX, has launched franchisee-led pre-owned car retail, Bakar Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view. He said, “The entry of OLX in offline franchise-based retailing business with 'OLX Autos' is an extension of the company's ...

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Thailand-based Dusit International announces its return to India

Opportunity India Desk Aug 24, 2020 - 1 min read

Dusit International, the Thailand-based hospitality firm, is making its re-entry into India. The company is looking at launching at least two Dusit-branded hotels per the year 2021 onward in tier I and tier II cities. Under a franchise agreement with the Jain Group, the firm will launch Dusit Princess Serviced Suites Kolkata by 2023. Jain ...

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Delhivery eyes at investing up to Rs 300 cr for expansion

Opportunity India Desk Aug 24, 2020 - 2 min read

Delhivery is looking at investing up to Rs 300 crore in the next 18-24 months for expansion. The logistics firm plans to increase fleet size and set up trucking hubs. The development comes in a bid to meet the increased demand for more organised players in the sector due to the COVID-19 pandemic. With this ...

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Key sectors possessing immense prospects for successful franchise opportunities

Opportunity India Desk Aug 21, 2020 - 4 min read

After 1990, the model of franchise management was introduced in India, with the start of the era of liberalisation. Initially, the model was only adopted by a few education institutes and information technology companies. But today, the franchise model has been adopted across various sectors in India. According to Franchise India, currently, there are 4,600 ...

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OLX introduces franchisee-led retail stores for used cars

Opportunity India Desk Aug 21, 2020 - 2 min read

OLX has unveiled its new franchisee-led pre-owned car retail offering, branded as ‘OLX Autos’. In this offering, dealers and consumers can buy and sell pre-owned cars. The franchise-led model will be enabling dealers to become a part of OLX India’s dealer network. This development is an extension of OLX’s online classifieds marketplace. The dealers will ...

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How hospitality industry is gearing up for touchless experience post-COVID

Opportunity India Desk Aug 20, 2020 - 4 min read

The pandemic tide has not entirely passed yet. India is currently reaching its first peak. The situation in other nations does not seem positive either. The government and authorities are instructing their citizens to embrace a hygienic way of life. This could be translated that people should adopt and protect themselves against the virus threat. ...

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CarDekho enters into certified pre-owned car market via franchise business model

Opportunity India Desk Aug 20, 2020 - 1 min read

CarDekho has forayed into the certified pre-owned car market through a franchise business model. With this, an automobile portal has opened its first such exclusive store in Jaipur. CarDekho is eyeing at investing $20 million in its used vehicle business this fiscal. It is aiming to build 50 such exclusive franchise stores and 200 Retail ...

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Impact of COVID-19 on Franchising & Some Key Sectors of the Economy

Opportunity India Desk Aug 18, 2020 - 5 min read

Towards the end of 2019, the world witnessed the outbreak of coronavirus (COVID19) disease in China. By January 2020, the World Health Organization (WHO) declared COVID-19 a pandemic, as the virus had spread over 190 countries with the United States of America, followed by Brazil, being the worst affected. The impact of this pandemic on ...

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Key Trends that Transformed the Franchising Industry

Opportunity India Desk Aug 18, 2020 - 3 min read

India provides a plethora of opportunities to the market simply because the number of consumers is so high. Currently, several companies across various sectors such as food and beverage, retail, consumer services, healthcare and others are adopting the franchise business models across the country. Franchising enables companies to increase their geographical presence by optimising the ...

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Custom Furniture Brand WoodenStreet expands presence in West Bengal & Kerala

Opportunity India Desk Aug 18, 2020 - 1 min read

With an investment of Rs 7.4 Crores, custom furniture startup WoodenStreet is expanding into the markets of West Bengal and Kerala by launching two new Experience Stores in the cities of Kolkata and Kochi, respectively. The company will also target the cities of Coimbatore and Mysuru to launch stores in the upcoming months. These experience ...

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