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Myshopbazaar.com Ties up a deal with Franchise India Holdings Limited

Updated on Wednesday, April 09, 2014 15:28 PM IST

Chandigarh - Myshopbazaar.com, one of the leading e-commerce portals has collaborated with Franchise India Holdings Limited to increase their PAN-India presence in the coming times by opening a minimum of 250 retail outlets. This is a venture of the ATD group, came into existence in 2002, with the aim of growing their roots in the IT sector, later on diversified in the e-commerce, finance as well the real estate sector too.

The growth rate of the firm has been consistently on the rise, along with making their presence felt in social causes, particularly CSR activities like Save the Girl Child, Save Electricity, Go Green and Save Water. The firm has also launched the concept of Myshop Connect, a retail outlets chain that will be catering to the products available at Myshopbazaar.com.

Myshopbazaar.com is looking forward to have tie-ups with banks in order to get investments as well as increase the customer base by offering exclusive discounts or deals. The firm is also planning to tie-up with IT companies to maintain and have the latest servers, bandwidth, active & passive components. Smoothness in operations regarding payment gateways and ensuring high speed internet service availability in all parts of India are also some of the major concerns for the firm, for which they are looking forward to have talks and agreements with the IT sector.

The government sector can also help by providing subsidies and tax rebates to online retail business. They can also help by giving partial emergence of FDI in online retail as numerous foreign investors have expressed their interest in investing in Myshopbazaar.com.

For 2020, the vision of the firm is to come among the top 3 major players of the e-commerce industry and achieving a turnover of Rs. 300 crores.

Mr Manoranjan Mohanty, Director, Myshopbazaar.com said,” We are looking forward towards more business opportunities which can help us grow as a firm and as a brand, this is the first step in that direction.”

Ms. Sonya Chowdhary, Director, Franchise India Brand Limited said, "Franchise India has been consistently helping brands across various industries with the right insights to help them appropriately channelize their expansion across countries. We and the myshopbazaar.com share the common vision of expanding at fast pace by franchise route.”

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