Anish Bhanwadia is redefining the art of grilling with Grillicious and Jiffy

Interview with Anish Bhanwadia, Founder of Grillicious

Grillicious Grilled Jamaican Jerk Chicken Jiffy Jiffy

Please mention your name and position in Grillicious.

Anish Bhanwadia -Founder Owner.

Please mention your time duration of association with the brand Grillicious and what inspired you to start it?

Grillicious is a state of mind, a culture and a way of being. Our mission is to serve delicious food in a fun and creative environment. We like to innovate and flounder the boundaries of flavors to bring unique grill based creations to satiate the new Indian Palate.

We began with humble home based kitchen making delectable and unique Grill based delicacies that soon got us recognized. This helped us evolve into Do it Yourself BBQ Parties with the same intention back then as now – To make the most juiciest and unique grills for our guests and Create and experience long cherished.

Even today as our first restaurant in Baner Pune, opened its doors to our friends, the motto remains to make our customers believe – When grills are delicious, It’s only Grillicious.

Please mention any unique characteristics of the brand Grillicious which makes the brand different from others.

To make the most juiciest and unique grills for our guests and create and experience long cherished.

Our mission is to serve delicious food in a fun and creative environment. We like to innovate and flounder the boundaries of flavors to bring unique grill based creations to satiate the new Indian Palate.

Who can be a franchisee for Grillicious?(franchisee profile expectation)

Entrepreneur passionate people from all walks and ages.

Where do you want to see the brand Grillicious in the next financial year? What are the planned target/goals the brand wants to achieve?

10 outlets of GRILLICOUS and Jiffy-by GRILLICOUS.

Can you elaborate more about the DIY Barbeque Party Services provided by Grillicious?

The Grillicious DIY BBQ concept is a complete one-stop package for all your BBQing needs! We provide you with the accessories and a wide range of pre-marinated goodies to be cooked on the grill into pure deliciousness.

Post selection of the package, Grillicious ensures prompt delivery & pick up as well. Be it a party in your backyard or a getaway picnic- Grillicious is there to make it a rocking BBQ gig!

What are your expectations from Franchise Alpha?

Help us overachieve our target and move on to Pan India level with great symbiosis.

Where do you see the brand Grillicious in the long run if you have Franchise Alpha by your side?

The best in the segment of fastest growing businesses.

Rekha C Babu revolutionizes pregnancy care with Soothika

Interview with Rekha C Babu, Founder of Soothika Ayurveda Pregnancy Care

Soothika

Please mention your name and position in Soothika.​

Rekha C Babu – ​​Founder and CEO.

Please mention your time duration of association with the brand Soothika and what inspired you to start it?

​Soothika as a partnership firm started in the year 2013. The firm was converted as a company in the year ​2016​.

Inspiration behind Soothika?

Pregnancy and Post pregnancy is the most precious time in the life of a woman. Probably the only time when, a woman gets “Cared for”. While Ayurveda devotes a lot of attention to this care for the new mother, we recognized the need for a branded solution for the same.

Please mention any unique characteristics of the brand Soothika which makes the brand different from others.

Soothika is the only Pregnancy and Post pregnancy care Ayurveda brand which is recognized by Gynaecologists. ​ The product has 7 different combinations of Ayurveda oils , which delivers different benefits to the mother and contributes to  her overall well being. The easy to use packaging is suitable for the modern mother.

Who can be a franchisee for Soothika?(franchisee profile expectation)

​Must have experience in the healthcare industry. Preferably from the followings industries : ​Stem cell life cell dealers, Medical equipment​, Medical shop owners  and Pharma Distributors.

Where do you want to see the brand Soothika in the next financial year ? What are the planned target/goals the brand wants to achieve?

Vision​         ​

Soothika franchisee presence across the urbanised states in the country​. ​

Target

​ ​20 Cr Turnover from Franchisee business segment.

Can you elaborate more about the Homecare Services provided by Soothika?

​​Soothika Post pregnancy Care is a 4 step process , which involves Touch therapy , Poltice Treatment , Bath and Stomach binding. This service is delivered to the homes of newly delivered mothers by trained Soothiks Therapists.

How’s your experience with Franchise Alpha so far?

​So far “Good”.

What are your expectations from Franchise Alpha?

​Franchise Alpha is going to exceed our expectations and ​will deliver the results to over achieve our Targets.

Where do you see the brand Soothika in the long run if you have Franchise Alpha by your side?

We need to see every single mother to use the brand Soothika.

Transformers movie franchise to get rebooted

Transformers: The Last Knight, which released last year, will get a reboot.
According to Transformer World 2005, a fanpage of the “Transformers” franchise, Toy company Hasbro has announced that the “Transformers” live-action film series will be “reset” by a new team at media company Paramount Pictures, following the release of its “Bumblebee” spin-off film.
The company made the announcement during Friday’s Toy Fair 2018 Hasbro Investor Preview, where it was revealed that the planned sixth instalment of the main “Transformers” film series had been pulled from Hasbro and Paramount’s slate of upcoming projects, reports aceshowbiz.com.
The new agreement between Hasbro and Paramount will grant the toy company greater creative control of their content and greenlighting new projects.  Hasbro will reportedly spend between $100-$125 million on film and television content throughout this year.
Furthermore, there are currently no live-action “Transformers” projects listed on the slate of upcoming films, which runs through to 2021. It is unclear if its Paramount/Hasbro Event Film scheduled for 2021 is the said reboot of the “Transformers” franchise.

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OYO Switches From Hotel Aggregation To Franchise Model

oyo

Gurugram-based hospitality startup OYO has shifted its business model from hotel aggregation to franchise. OYO now runs pure-play franchise business allowing hotel partners to run under the OYO brands.

SoftBank-backed OYO had introduced franchise model in May last year. “In the last two years, we have evolved our business to 100% exclusive franchise, manage or operating. We do not anymore do hotel aggregation and have become a full-scale hospitality company,” OYO CEO Ritesh Agarwal said.

As per the company, the hotels that were part of the hotel aggregation model have now been converted into the franchise. OYO’s plan to shift from hotel aggregation to franchise model came mainly to reduce its operational costs and to improve serviceability, the company stated.

Founded by Ritesh Agarwal in 2013, OYO currently operates over 70K rooms in 230 cities in India, Malaysia, and Nepal. The hotel aggregation and booking platform recently raised $10 Mn from China Lodging Group, and $250 Mn from SoftBank Vision Fund in Series D funding round. The round also saw participation from Hero Enterprise and other existing investors Sequoia India, Lightspeed Venture Partners and Greenoaks Capital. The company has raised over $551.6 Mn so far.

OYO Opens New Tech Development Centre In Telangana

To leverage technology expertise in the background, OYO has also opened a tech development centre in Hyderabad. The Centre will be responsible for management and development of various verticals, including holiday packages, sales technology along with products and solutions for corporate travel and travel agents.

It will focus on building supply chain technology and transformation technology teams, growing to 300 engineers by 2018-end, read the company statement.

Ritesh Agarwal, founder & CEO, OYO stated, “OYO is at the forefront of transforming India’s hospitality experience. Technology has been the biggest driver towards our growth and expansion in the last four years. This new Centre of Excellence for Machine Learning (ML) and Artificial Intelligence (AI) initiatives will help us consolidate our technology leadership. Additionally, strategic partnerships with NITHM and TSTDC will not only impart skilling, but also create gainful value for the industry at large.”

After Gurugram, this is OYO’s second tech development centre. The facility in Hyderabad will focus on developing innovative products for customers, partners and employees. The company is also in discussions with National Institute of Tourism and Hospitality Management (NITHM) to boost employability in the hospitality sector by leveraging OYO’s expertise in the hospitality segment to develop a hybrid learning program.

Also in the works is an alliance with Telangana State Tourism Development Corporation (TSTDC) to maintain, market and promote select properties under the corporation.

Anil Goel, Chief Technology Officer, OYO added, “Technology has been a core differentiator for OYO and our investments here are to ensure we remain future-ready. Our intent is to create value for all aspects of hospitality operations. We will leverage technology across all operational channels, from recruitment to management to training, in addition to customer engagement. We are excited about using machine learning techniques to understand the behavioural patterns of customers, which in turn will enhance customer experience and drive essential business metrics such as conversion and repeat rates.”

Having raised huge funding, OYO is working on the several fronts. While the company is trying to enter the Chinese market, particularly Hongkong where Indians visit in good numbers, through its latest Investor China Lodging Group, OYO has recently also ventured into new territory through  OYO Asset Management. The service is geared towards building a nationwide network of hotels through a partnership with real estate asset owners.

The company also partnered with another online hotel and travel booking platform Yatra Online to widen its access to customers.

A couple of other startups that are currently active in hotel aggregation or budget accommodation space are RedDoorz, Wudstay Hotels, FabHotels, Treebo Hotels and GoStays. In July 2017, OYO had claimed that its GBV run rate has touched the $400 Mn mark in its financial results for the years 2015-2017. With the backing of SoftBank, the company has already made Tata Group’s budget hotel brands Ginger hotels to relook its entire pricing structure in the post-OYO era. Let’s see how the franchise model turns up for OYO.

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6 Reasons To Start Your Own Business with Franchise Alpha

Why Franchise Alpha?

We are one of the fastest emerging names on the scene. This alone speaks volume about our dedication and credibility to serve clients with the finest experience. To put in a nutshell, here’s what makes Franchise Alpha a number one choice

Capable Team

Ours is an enthused, self-motivated and capable team of diverse and dynamic professionals who are always on their toes for new challenges.

Client Service

We are the only company that provides clients a full-time staff of passionate professionals.

Reliable Relationship

We believe in fostering long-lasting and reliable relationship with the clients.

We Care

We genuinely care for you and your undertaking, always ears to your individual needs and goals.

Smooth Process

Our workflow is smooth, focused and well-integrated that assures swiftness and maximum convenience.

Customised Solutions

We aim to deliver personalized experience. So expect no less than 100 percent satisfaction.

 

We are building this franchise for the next 100 years: Bhargav Dasgupta, ICICI Lombard

Bhargav Dasgupta , MD & CEO, ICICI Lombard, says if there is an inorganic opportunity that we find valuable, we might look at that and if for that we need capital that is a different story altogether.
 If you look at the under penetration, the density of our numbers are one-tenth of China, so there is a huge runway of growth

The ICICI Lombard got listed on the stock markets today. What does it mean for you?
It is an exciting event for us and we are really looking forward to this journey as a listed company. We built a franchise over the last 16 years which has become the leader in the private space not just in terms of premium but in terms of the other aspects of business. Going ahead, we also need to focus on building on this leadership platform and continue to provide value to our new stakeholders who are our shareholders.

At a valuation of close to about Rs 30000 crore with the listing price between Rs 651 and Rs 661, do you feel that perhaps the issue was a bit overpriced considering that the stock did list at a slight discount? How would you understand the listing price and what do you expect going forward as far as investors who bought the stock is concerned?
What we were most heartened by was the fact that the long-term investors who are aware of the value of the franchise that we built gave us the valuation that we got. So, the 30000 crore valuation was based on socialising the issue with long investors, long in QIB and the FIIs and the DIIs. In terms of the pricing, I would believe that investors who are looking at long-term investment, would see value in this franchise even today because the underlying opportunity in general insurance is huge.

If you look at the under penetration, the density of our numbers are one-tenth of China, so there is a huge runway of growth. Within that, we have built a franchise which stands apart in terms of quality and if there is a company that can take advantage of that opportunity going ahead, we believe we can. We remain optimistic about the quality of investment that we have had and the fact that they are really long-term investors. We believe that for them, over a longer period of time, this will be a very good investment.

Also there is a thick pipeline as far as other insurance companies in the general insurance space are concerned. We have New India Insurance General, GIC all are looking to list very soon. What will it take to maintain your leadership position in terms of valuation and also in terms of how you continue to remain attractive to investors considering that we do expect more offerings in the general insurance space?
Globally, insurance is the core part of any economy. In most of the markets you will see a number of insurance companies in the top 10, top 20 companies. So, having four-five companies from insurance is not a large number in the context of India. Coming back to your specific question on where we see our leadership position at the end of the day, we have been able to build this leadership position with certain focus strategies that we have adopted one fundamentally a focus on customers. At the end of the day the entire organisation is geared up towards servicing its customers well and we believe that if you want to create an institution, if you focus on customers they will reward you in terms of the leadership position that you can create so that is something that we will continue to focus on.

General insurance of course has exponential growth prospects in India. As you have mentioned, the market is under-penetrated but at least for the next six months, there is some concern about India’s economic growth. This is a short to medium term story. According to experts and economists, because the long term potential of India is intact, one wonders your strategy for growth in the next five years considering that we do see some structural cracks in the economy. The investments cycle is not kicking in, GDP is at 5.7% last quarter compared to last year and there is concern about growth as well. In this background, how do you read the prospect in the next five years and what will be some milestones that you will need to crack in the coming five years based on the strategies you want to put in place?
We get over worried about short term news and we let it cloud our judgments. If you look at a longer term journey for India and within that in insurance. What we would focus on would not at all be coloured by the headlines that we see in terms of some structural issues with the growth numbers in this quarter or the next quarter. We remain extremely optimistic and bullish about India over a long period of time and we remain extremely optimistic and bullish about general insurance as a sector.

We are building this franchise not for the next quarter, we are building this franchise for the next 100 years and that is what we will continue to focus on and strategies that we have adopted I do not see a need for a radical shift in any of those strategies. What some of these events give us is an opportunity for dislocations in the market which gives us opportunity as long-term players to enter segments that we probably could not enter in the past for multiple reasons so we see these are positive opportunities for us.

What would the new structure look like for shareholders? The last time when we spoke you mentioned that you hoped to welcome a whole new range of investors. What will ICICI Lombard look for this fiscal in terms of investor shareholding and going forward would you be looking to bring in one more partner with more shareholding considering the capital intensive nature of the business?
In terms of the capital for us as you know this is an offer for sale. We did not get any capital but it is also because we do not need any capital. In solvency, we are way ahead of the regulatory requirement. If I look at our growth plans over the next five years and the profit growth that we are seeing as a company, we do not see the need for dilution. So, there would not be a need for capital infusion for our organic business. If there is an inorganic opportunity that we find valuable, we might look at that and if for that we need capital that is a different story altogether.

Source

Luxury footwear brand Harrys of London to enter India

British luxury men’s footwear and accessories brand Harrys of London is planning to open its first outlet in Delhi, followed by Mumbai by early 2018

Founded in 2001, Harrys of London is present in more than 20 countries.

Founded in 2001, Harrys of London is present in more than 20 countries.

New Delhi:British luxury men’s footwear and accessories brand Harrys of London is entering India.

The designer leather brand is planning to open its first outlet in Delhi, followed by Mumbai by early 2018, a top executive at the company said.

Founded in 2001, Harrys of London is present in more than 20 countries. The company is looking for franchise partners in India.

“India is an important market for us. Our target group is businessmen and travellers between the age group of 25 and 60 years. Our collection ranges from contemporary London and formal footwear to sneakers and casual footwear,” said Steven Newey, chief executive officer at Harrys of London.

Apart from footwear, the company also sells travel bags, wallets, shoe-care products, scarves and belts.

Over the next five years, Harrys of London is planning to open five to six stores in India and is expecting to earn 1 million pounds per store. “We have been growing at an annual rate of 20-25%. We sell 25 pairs of footwear every month, on an average. In five years, India (operations)will be able to earn 5-6 million pounds,” said Newey, without divulging the overall revenue of the company.

A typical Harrys’ store in India will be spread over 1000 square feet. The company also sells its products online through its own e-commerce platform www.harrysoflondon.com.

Harrys footwear is designed in the UK and manufactured in Italy. Going forward, Harrys is also planning to enter New York by the end of this year.

The branded footwear market in India is currently estimated at Rs 20,000 crore, 60% of which is men’s segment, according to data from consulting firm KPMG.

While the branded market is currently dominated by old footwear brands like Relaxo, Liberty and Bata, much of the footwear segment in India is unorganized. However, with the increasing disposable income and brand awareness, there has been a shift towards the branded footwear space. At present, the men’s footwear segment is growing at a rate of 10%, while the women’s category is growing at 20%, according to KPMG.

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