| Font Size |
The company which follows a franchisee business model will utilise the funds for expanding its franchisee network and expanding its chain of laptop repair stores.
Samit Lakhotia, Director – Business Development of Re-feel said: “We welcome the addition of this dynamic firm, who will work with us to consolidate and grow our business within India and overseas.”
Zain Latif, Principal of TLG Capital said: “It is a first deal for TLG in India. Re-feel’s distribution network within India is phenomenal. We will be able to provide other related services in near future. We will also look into replicating this business in sub-Saharan Africa given the similarities between Africa and India. Exporting stream-lined, efficient and cost-effective business models and technology from India to sub-Saharan Africa is a core theme for us.”
Discuss this story on expressindia forums
|
|