Slonkit is India’s first money management app linked to a RFID enabled re-loadable prepaid VISA card. It can facilitate all transactions at various touch points inside the campus and can double up as the institution ID card for the students.
Three major elements
1. Educative - Imparting financial literacy via the VISA card and smart money management platform like Budgeting and Expense Management
2. Cashless Campus - Cashless Campus with customized payment solutions across the campus and spends analytics for college administrators
3. Digital - Digital Campus with an integrated ID and payment card
Operations Commenced On 2012
Franchise Commenced On 2016
Investment INR 2lakh - 5lakh
Country Wise
Investment INR 30lakh - 50lakh
Region Wise
Investment INR 20lakh - 30lakh
State Wise
Investment INR 10lakh - 20lakh
City Wise
Investment INR 5lakh - 10lakh
Exclusive territorial rights to a unit franchisee Yes
Performance guarantee to Unit Franchise Yes
Anticipated percentage return on investment 200 %
Likely pay back period of capital for a Unit Franchise 1 - 2 Years
Other investment requirements HR, Infra & Branding
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pradesh
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh
Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
Gujarat, Rajasthan, Goa
Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Type of property required for this franchise opportunity Commercial
Floor area requirement 500 - 1000 Sq.ft
Preferred location of unit franchise outlet Anywhere
Detailed operating manuals for franchisees Yes
Franchisee training location Company Head Office
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 3 Years
Is the term renewable? Yes
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