startup

Jewel Hub Set to go Offline, to open 100 Touch and Feel Pop-Up Stores

Jewel Hub to open up 100 touch and feel pop-up stores
Bhavin Mehta, Co-Founder and Managing Director, Jewel Hub

Online retail portal for diamond jewellery Jewel Hub has planned to open up 100 touch and feel pop-up stores largely on franchisee basis over the next two years to allow customers get a hands on experience of the products before buying them online.

To begin with, JewelHub plans to open two stores in Mumbai and one each in Delhi and Chandigarh in the next two months.

“We may call it the reverse retail revolution. Unlike several brick and mortar retail outlets foraying into e-commerce, Jewel Hub after tasting success on its online portal has decided to operate such outlets based on the customer feedback received,” said Bhavin Mehta, Co-Founder and Managing Director, Jewel Hub.com.

Jewel Hub, that has set a revenue target of Rs 60-70 crore over the next 18-24 months, will also own and operate a few stores at select locations and would fund them through angel funds raised earlier.

“The proposed Pop-up stores will be set up in high footfall areas like shopping malls and will be mostly 3 way counters of 6 x 6 feet. Average estimated set-up cost per outlet would be approx Rs 4-5 lakhs per outlet and operating cost would be approx Rs 12-15 lakhs per annum,” said Gurmeet Singh, Co-Founder & Director, Jewel Hub.com.
These outlets will demystify the diamonds for the customers and provide them with the much needed touch and feel aspect currently missing in the high value jewellery e-tailing, Singh said.

The franchisees will enjoy a commission on the orders booked online from their respective outlets.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Most Popular

The Red Mark has been established as a news portal to act as a conduit between the booming startup economy and the established, traditional players. Today's startups are tomorrow's small and medium business or large enterprise and we believe that no one can afford to be an island; if both work in tandem they can learn a lot from each other.

Contact Us

Address : 570, first floor, sector 22B , Gurgaon - 122015

Contact No. : 0124-4377494

For Any Query Please write below


Editorial : karma@theredmark.net

Advertisement : hem@theredmark.net

Subscribe to Our Newsletter





CAPTCHA


copy the digits from the image into this box

Copyright © 2016-2017 The Red Mark. All Rights Reserved.

To Top