Hotline: 1800 102 2007
X
Search Business Opportunities
Funding 2014-10-14

Naturals in talks with PE firms to raise Rs 100 crore

The company, which has 350 outlets in South India out of total of 404 outlets in the country, plans to have 3,000 saloons in the country by end of the year 2017.

By
Naturals in talks with PE firms to raise Rs 100 crore

Hair and beauty chain Naturals is in talks with private equity fund companies to raise Rs 100 crore as it plans to expand its footprint across the country, states a PTI report.

 

The company, which has 350 outlets in South India out of total of 404 outlets in the country, plans to have 3,000 saloons in the country by end of the year 2017.

 

"We are in talks with few private equity (PE) players to help us fund our expansion plan. We are looking at raising Rs 100 crore from PEs. Rest we will invest from internal accruals," Naturals CEO & Co-founder C K Kumaravel told PTI.

 

Kumaravel added that the focus of the company is in North India now as it opens new outlets. "There is huge opportunity in North India. Out of 3,000 outlets we plan by year 2017, 2,000 will be in North India and rest in South India," he said.

 

All new salons will be based on franchise model, he said. The company today signed a MoU With Indian Overseas Bank for providing financial assistance to women interested in setting up Naturals' salon.

 

The company is also looking at opening its saloons in the GCC (Gulf Cooperation Council) countries.

 

"We want to set up 200 Naturals saloons in 5 years in GCC countries. Twenty salons in Gulf countries will be operational soon," Kumaravel added.

Comment
Related opportunities
  • Quick Service Restaurants
    STREET FOOD FRANCHISE BUSINESS OPPORTUNITY IN INDIA Are you looking for..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Home Furnishings
    About: Ambreh is backed by Aalidhra Techtex Pvt. Ltd. that owns..
    Locations looking for expansion Delhi
    Establishment year 1989
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Activity Centres, Day Care & Creches
    About Us: First  Five provides quality early education for young children..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • E-Commerce & Related
    About Us: Incepted in 1955 by Shri. Madhavrao Ashtekar, who hailed..
    Locations looking for expansion Delhi
    Establishment year 1955
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts