Franchise India Expo set to draw more startups this year
By Retail4Growth Bureau | July 13, 2023
Franchise India Expo, to be held on July 15th and 16th at the Pragati Maidan, New Delhi, has announced that it is poised to host over 500 prestigious brands.
Franchise India Expo, to be held on July 15th and 16th at the Pragati Maidan, New Delhi, has announced that it is poised to host over 500 prestigious brands. “This year's edition takes on even greater significance as startups shift their focus towards franchise-led business models amidst a challenging funding environment. With limited access to capital and investors increasingly skeptical of copycat ventures, startups are finding franchise opportunities to be a low-capital, high-profit alternative that delivers results from day one,” says the company statement.
Gaurav Marya, Chairman of the Franchise India Group, says, "In a funding landscape that has become dry, startups are looking for business models that guarantee profitability. Franchise opportunities offer precisely that, with lower capital requirements and the potential for immediate returns."
The food and FMCG sectors are particularly favored by new-age startups venturing into franchise-led businesses. Every year, an average of 500 food startups enter the market, with this figure projected to grow at an impressive rate of 20-25%, the company statement informs. Major cities such as Delhi, Mumbai, and Bangalore have witnessed an influx of startups in the franchise space, including coffee, tea, and fast-food outlets. This trend exemplifies the attraction of low-capital, high-profit franchise opportunities in sectors with high consumer demand and growth potential, it adds.
The Franchise India Expo, with its extensive lineup of over 500 renowned brands, facilitates direct interaction between startups and industry leaders.
