New Delhi, Dec 1 () Australian indoor trampoline theme park format Bounce Inc is foraying into the Indian market with plans to determine round 8-10 properties throughout the nation over the following 4 years. The corporate, which is current throughout 16 international locations, is about to open its first park in Mumbai in December for which it has tied-up with native entity Stratospheric Leisure.
“Our imaginative and prescient has at all times been for Bounce to be a world model. To actually be a world model it’s a must to have a presence in India, this magical tradition that’s house to a 3rd of the world’s inhabitants,” Bounce Inc Founder Director Antony Morell informed .
The corporate believes that the idea has been profitable throughout cultures as various as Saudi Arabia and Sweden, and can be effectively acquired in India, he added.
Elaborating on the enlargement plans, Bounce Inc India CEO and one of many founders of Stratospheric Leisure Anand Barot mentioned: “Our plan is to have 8-10 such parks over the following 3-4 years and for that we wish to make investments round Rs 150 crore”.
The corporate is already scouting for areas in Delhi, Gurgaon, Bangalore and Ahmedabad to arrange trampoline parks within the first section, he added. Barot together with two extra companions have based Stratospheric Leisure which is the grasp franchise for Bounce Inc in India.
As per the tie-up, Stratospheric Leisure will make all of the investments, whereas Bounce will assist with installations, designing, coaching the employees, and information switch.
When requested to elaborate on deployment of capital for the initiative, Barot mentioned Stratospheric would usher in fairness by itself and never elevating funds from exterior sources in the mean time.
The corporate will handle the parks on their very own and for that goal it has been imparting required coaching to the chosen manpower. Bounce could be the second worldwide theme park format to launch within the nation after Mexican model KidZania, which was launched in 2013. Whereas, KidZania caters to kids, Bounce could be open for all ages, he added. MSS BAL