Wellness Franchise Opportunities

InvestmentApr, 21 2015

After Cricketer MS Dhoni, Virat Kohli to invest Rs 90 cr to set up gym chains

Following the footsteps of Captain MS Dhoni, Cricketer Virat Kohli is all set to invest a whooping sum of Rs 90 crore in a Rs 190 crore project with partners Chisel Fitness and CSE, a sister company of Cornerstone Sports and Entertainment.

By Agencies

After his fashion start-up Wrogn, Cricketer Virat Kohli is all set to invest heavily in the fitness industry. As per a leading daily ToI report, Kohli will be investing a whooping sum of Rs 90 crore in a Rs 190 crore project with partners Chisel Fitness and CSE.

Following the footsteps of his senior and Indian team captain MS Dhoni, who also runs a gym chain named 'SportsFit Fitness', Kohli's gym chain will be launched under the brand 'Chisel'. The brand is jointly owned by Kohli and his partner Satya Sinha, who is the Director of Bengaluru-based start-up Chisel Fitness.

Commenting on the new development, Sinha said, "We will launch gyms of various sizes and with different facilities according to their locations. We are also in talks with international sports-based fitness experts to bring in their expertise."

Meanwhile, Gaurav Marya, Chairman, Franchise India, which is a commercial and marketing partner in this venture, shared, "The gyms are just a start. There are plans on the anvil to launch fitness inspired clothing lines and tech wearables in the future."

Pegged at about Rs 1,300 crore, Indian fitness industry comprising branded fitness chains and standalone gyms.

As per the media reports, prior to venturing in fashion and fitness industry, Kohli had a minority stake valued at under Rs 1 crore a year in the Indian Super League team FC Goa.

Recently, cricketers started making some heavy investments to keep their future secure after retirement. Like Kohli and Dhoni, Cricketer Yuvraj Singh has also invested an undisclosed amount as seed funding in a mobile phone-based beauty and wellness start-up Vyomo. Even former cricketer Robin Uthappa has co-founded a food start-up named iTiffin.

 

Related: Apollo to invest Rs 2,033 crore to open 12 hospitals

Click Here to add Comment
Please add your Comment
Rating
Sell Business 2017
Sell Franchise 2017

Newsletter Signup

Submit your email address to receive the latest updates on news & host of opportunities from Wellness India.

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.

Recommended For You

Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Well Ness India

Copyright © 2009 - 2017 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.