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 series B investment was led by Ms. Li and Fung Group - World’s 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).
Operations Commenced On 2015
Franchise Commenced On 2018
Investment INR 10lakh - 20lakh
Franchise/Brand Fee INR 200000
Anticipated percentage return on investment 30 %
Likely pay back period of capital for a Unit Franchise 2-3 Years
Other investment requirements no
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Andhra Pradesh, Telangana
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Type of property required for this franchise opportunity Commercial
Floor area requirement 150 - 250 Sq.ft
Preferred location of unit franchise outlet Preferably on Main roads, Commercial streets, area with high footfalls (No malls)
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
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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