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TFW Bureau Jul 23, 2024 - 2 min readIt's an opportune moment for franchising as the Finance Minister announced a budget with a strong emphasis on employment, skilling, MSMEs, and the middle class. "Turning attention to the full year and beyond, in this budget, we particularly focus on employment, skilling, MSMEs, and the middle class," said the Finance Minister Nirmala Sitharaman. Highlights & ...
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TFW Bureau Jul 22, 2024 - 1 min readState-owned Energy Efficiency Services Ltd (EESL) will soon introduce retail franchisee shops called 'Urja Dakshta Dukan' which will offer affordable energy-efficient products like LED lights, ACs and fans to consumers, a senior official said. EESL, at present, distributes products through retail tie-ups with power distribution utilities to consumers. Buyers can also purchase the products online ...
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TFW Bureau Jul 22, 2024 - 1 min readAccording to a recent survey by the Retailers Association of India (RAI), retail sales in June 2024 showed a growth of mere 5% as compared to the sales in June 2023. Retail businesses across regions have indicated growth in sales compared to June 2023, with South India showing the highest increase at 7%, followed by ...
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Beny Sachdeva Jul 19, 2024 - 1 min readJumboking, with 160 + stores across Mumbai, Delhi, Hyderabad, and Pune is keen to strengthen its presence in Bengaluru & Hyderabad. The brand has recently opened one store in Bangalore and two more are in the pipeline. Jumboking reported sales of Rs 110 crore in the last fiscal year, making it India's third-largest burger chain ...
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TFW Bureau Jul 18, 2024 - 1 min readEyewear retailer Lenskart has secured nearly $20 million in funding from its co-founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi. This marks their second investment in the company within the past seven months. According to a regulatory filing accessed from the Registrar of Companies (ROC), Lenskart's board approved a special resolution to issue ...
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Parina Sood, TFW Bureau Jul 18, 2024 - 1 min readBaggit, one of the fast growing women’s handbag and wallet brand in the country is aiming to become a ‘complete lifestyle retail brand’ for the Indian women. The brand is all set to foray into jewellery and footwear within this year itself. "We're also looking at entering the jewellery and the footwear market in the ...