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BearTeddy: Redefining Comfort and Style Since 2015
BearTeddy Private Limited, founded by George Thayil and Vishnu Narayanan, has carved a niche in India’s furniture industry by specializing in a product that embodies comfort, innovation, and style—bean bags. The brand, which began with a modest range of leather bean bags in four colors, has evolved into a prominent player in the bean bag market. Today, BearTeddy offers a diverse portfolio of bean bags and has expanded into new product categories, making it a leading manufacturer, exporter, and retailer in India.
The Genesis of BearTeddy
The inception of BearTeddy was an entrepreneurial journey born out of practical necessity. George and Vishnu, both MBA graduates from Christ University, were initially working as freelance publishers for Google. They shared a love for travel, which eventually led to the creation of a unique business idea. George and Vishnu noticed that Malayalis living outside Kerala would often carry local delicacies like banana chips and pickles when visiting friends and family. Similarly, the founders found themselves frequently transporting bean bags from Bangalore to Kerala for their own network. Recognizing the logistical challenge and the potential business opportunity, they decided to establish a dedicated beanbag company in Kerala. Thus, BearTeddy was born.
The BearTeddy Journey
Early Beginnings
BearTeddy’s journey began with a focused vision: to create comfortable and stylish bean bags that were as cozy as a teddy bear’s hug. The founders set out to understand customer preferences by traveling through major towns and cities in Kerala, which helped them identify market needs and opportunities. They also traveled across South India to source raw materials and set up stitching units for manufacturing bean bag covers. By Christmas 2015, BearTeddy was officially in business, offering leather bean bags in just four colors.
Product Expansion
Over time, BearTeddy has significantly expanded its product range. Today, the brand offers bean bags in a myriad of shades, designs, and materials, including leather, cotton, denim, khadi, and fur. This extensive range allows customers to choose from a variety of textures and styles, whether they are looking to brighten up a dull corner of their home with a neon bean bag or enjoy a cozy evening with a fur bean bag while watching Netflix.
Flagship Store and Distribution Network
BearTeddy’s flagship store is located in the heart of Trivandrum, Kerala. This store serves as a showcase for their diverse beanbag offerings and provides customers with an immersive shopping experience. In addition to the flagship store, BearTeddy supplies its products through various dealerships, including furniture stores, hypermarkets, and specialized professionals such as interior designers, architects, and contractors. The brand’s webstore, bearteddy.in, plays a crucial role in reaching customers across major cities in India, delivering not just bean bag covers but also filled bean bags and bean refills.
Rebranding and New Ventures
In 2022, Bear Teddy underwent a significant rebranding to become BearTeddy Lazy Seats. This rebranding marked a new chapter for the company as it expanded its product line to include wooden easy chairs. These chairs are crafted from premium teak wood sourced from plantations in Kerala, offering a sophisticated addition to their existing range of products. The easy chairs are expected to be available on the BearTeddy webstore soon, further diversifying the brand’s offerings.
Customer-Centric Approach
Innovative Solutions
Bear Teddy distinguishes itself in the beanbag market through its customer-centric approach. One of the major challenges in the bean bag industry is the common practice of selling only the covers, requiring customers to separately purchase filling beans. BearTeddy addresses this issue by providing standard-filled bean bags delivered directly to the customer’s doorstep. This innovation simplifies the purchasing process and ensures that customers receive a ready-to-use product.
Quality and affordability
BearTeddy is committed to offering high-quality products at reasonable prices. The brand's vision is to become the best beanbag brand in India, maintaining a balance between quality and affordability. This commitment to value ensures that customers receive beanbags that are not only stylish and comfortable but also durable and cost-effective.
Delivery and Reach
BearTeddy has established a robust delivery network across India, reaching major cities including Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Kolkata, and many more. The brand’s extensive delivery service ensures that customers nationwide can access their products, reinforcing BearTeddy’s position as a leading player in the bean bag market.
Franchising Opportunities
Becoming a Bear Teddy Franchisee
BearTeddy offers franchising opportunities for those interested in becoming authorized sellers of their bean bags. Franchisees can act as distributors for furniture resellers, hypermarkets, and project suppliers for interior designers, IT offices, lounges, and other commercial spaces. This model allows entrepreneurs to leverage the BearTeddy brand and benefit from its established reputation and product range.
Franchisee Support
BearTeddy provides comprehensive support to its franchisees, including marketing assistance, training, and operational guidance. This support ensures that franchisees are well-equipped to succeed in their business ventures and uphold the brand’s standards of quality and customer service.
Future Prospects
BearTeddy’s growth trajectory suggests a bright future for the brand. With plans to expand its product line further and explore new markets, BearTeddy is poised to continue its success in the beanbag and furniture industry. The brand’s dedication to innovation, quality, and customer satisfaction will likely drive its continued expansion and solidify its position as a market leader.
BearTeddy’s journey from a small beanbag manufacturer to a leading name in the Indian furniture industry is a testament to the founders’ vision, dedication, and entrepreneurial spirit. From its humble beginnings with leather bean bags to its current diverse portfolio and new ventures into wooden easy chairs, BearTeddy has consistently delivered comfort, style, and innovation to its customers. With a strong focus on customer satisfaction, quality, and affordability, BearTeddy continues to redefine the bean bag market and expand its reach across India. Whether you are looking for a cozy bean bag to enhance your home’s comfort or considering a franchise opportunity, BearTeddy stands as a symbol of excellence and reliability in the world of lazy seats.
Operations Commenced On 2015
Franchise Commenced On 2018
Investment INR 10000 - 50000
Franchise/Brand Fee INR 500000
Royalty/Commission 9 %
Exclusive territorial rights to a unit franchisee Yes
Anticipated percentage return on investment 121 %
Likely pay back period of capital for a Unit Franchise 1-3 Years
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Kerala
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Type of property required for this franchise opportunity Commercial
Floor area requirement 800 - 1200 Sq.ft
Detailed operating manuals for franchisees Yes
Franchisee training location Kochi
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? Lifetime
Is the term renewable? Yes
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