SHOPX EDGE

Area Requirement 150 - 250 Sq.ft
Investment Size INR 10 Lac - 20 Lac
Franchise Outlets 50-100

Business Detail

About Us:

SHOPX was founded in 2015 by Mr. Amit Sharma and Mr. Apoorva Jois. A series B funded company, where our pre-series A and series A investment mainly came from our strategic investor Mr. Nandan Nilekani ~$18M. Our seriesB investmentwas led by Ms. Li and Fung Group -Worlds leading supply chain solutions partner for global brands and retailers with a vision to create the supply chain of the future. The money raised was a $35M equity round.

We are currently building a network of retail partners (currently 1,79,000+retailers- across FMCG Mobile/ Electronics,and growing month on month).

Investment Detail

Commenced Operations

Operations Commenced On 2015

Franchising / Distribution Commenced On 2018

Franchise Details

UNITS

Location Store wise

Investment INR 10lakh - 20lakh

Franchise/Brand Fee INR 200000

Expansion Locations

North

South

Andhra Pradesh, Telangana

East

West

Central

UNION TERRITORIES

Franchise Details

Anticipated percentage return on investment 30%

Payback Period 2-3 Years

Any Other Requirements no

Property Details

Type of property required for this franchise opportunity Commercial

Area Requirement 150 - 250 Sq.ft

Preferred location of unit franchise outlet Preferably on Main roads, Commercial streets, area with high footfalls (No malls)

TRAINING DETAILS

Detailed operating manuals for franchisees Yes

Franchisee training location Training will be done in modules conducted either at HO or at Franchise locations. The same will be communicated by Company in advance.

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

AGREEMENT & TERM DETAILS

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 3 Years

Is term renewable? Yes