13th July 2023/ New Delhi: Franchise India Expo, the highly anticipated annual event for entrepreneurs and investors in the franchise industry, is poised to host over 500 prestigious brands. This year’s edition takes on even greater significance as startups shift their focus towards franchise-led business models amidst a challenging funding environment. With limited access to capital and investors increasingly skeptical of copycat ventures, startups are finding franchise opportunities to be a low-capital, high-profit alternative that delivers results from day one.
Gaurav Marya, Chairman of the Franchise India Group, believes that the current wave of startups embracing franchise-led businesses signals a positive movement within the industry. He remarks, “In a funding landscape that has become dry, startups are looking for business models that guarantee profitability. Franchise opportunities offer precisely that, with lower capital requirements and the potential for immediate returns.” Marya’s insight underscores the growing preference among entrepreneurs for franchise models that provide stability and rapid growth potential, even in uncertain times.
The food and FMCG sectors are particularly favored by new-age startups venturing into franchise-led businesses. Every year, an average of 500 food startups enter the market, with this figure projected to grow at an impressive rate of 20-25%. Major cities such as Delhi, Mumbai, and Bangalore have witnessed an influx of startups in the franchise space, including coffee, tea, and fast-food outlets. This trend exemplifies the attraction of low-capital, high-profit franchise opportunities in sectors with high consumer demand and growth potential.
Startups, in their pursuit of profitability, are increasingly feeling the pressure to deliver returns to their investors. The Franchise India Expo presents a unique platform for startups to connect with established brands, forging partnerships that can catapult their businesses to new heights. By participating in the event, entrepreneurs gain access to a wealth of industry knowledge, expertise, and resources essential for their success.
Several startups have already embraced the franchise model and have achieved remarkable results. Arunabh Sinha the founder of UClean, a prominent participant in the expo, highlights the benefits of franchising, stating, India is a country of micro-entrepreneurs and every households aspires to own a business on the sidelines. Franchising offers people that opportunity and I am a firm believer in driving the growth of UClean in collaboration with such partners. This show is extra special as it brings together aspiring entrepreneurs from all parts of country looking for a business that fits with their aspirations. The Franchise India Show has always acted as a catapult for our franchising numbers and we are confident that 2023 will be no different.
The Franchise India Expo, with its extensive lineup of over 500 renowned brands, provides an unrivaled opportunity for startups to explore profitable business models with low capital requirements. The event facilitates direct interaction between startups and industry leaders, fostering a collaborative ecosystem that drives innovation and growth.
As the startup ecosystem adapts to the evolving funding landscape, Franchise India Expo serves as a beacon of hope and opportunity. By leveraging the power of franchising, startups can navigate financial challenges and embark on a path to sustainable profitability.