Rs. 2lakhs -5 lakhs
Investment Range
200 - 300 Sq.ft
Area Required
30+
Franchise Outlets
2017
Establishment Year

RidoBiko Products and Services


Ridobiko - A Bike Rental Platform was introduced by Rajat Verma - an IITian .

 

Rajat completed his graduation from IIT Roorkee, Roorkee is a place near to Haridwar in Uttarakhand. Uttarakhand & Himachal are known for their natural beauty. Rajat is a riding enthusiast . So he decided to create such a platform within the college itself so that Trips & travel becomes easier for the students . During his stay in college for 4 years, He faced many problems in bike renting system like Unavailability of bikes at the end moment (Trip ruined), Quality of bikes, 24*7 unavailability of bikes. Renters were also facing some issues like security of bikes, management of inventory and customers verification. Rajat wants to create a better and efficient motorcycle rental system for other riding enthusiasts at IIT Roorkee. He tied up with Rishikesh renters and started serving students at IIT Roorkee. Also he then decided to expand it to other cities allowing others too to benefit from this idea . He got a Team of like-minded youngsters in IIT-Roorkee itself and hence Ridobiko was launched in the market .

  • Tech led automated process

Paperless deal pickup and drop process where complete booking, pickup and drop process will be done through mobile app.

  • Verified customers

Verify customer before pickup to minimize the risk of fraud.

  • Digital Marketing

We help partners to grow in the digital world. Ridobiko partners are getting 80% business through Digital marketing / Campaigns.

  • Converted leads

Ridobiko provides converted leads & business during both season and off-season.

  • Customer wallet
Taking customer under confidence by processing deposit through application and customer can see his amount available in wallet in real time.

RidoBiko Cost and Investment


Commenced Operations

Operations commenced on
2017
Franchise commenced on
2021

Franchise Details

UNITS

Investment
Rs. 2lakhs -5 lakhs
Franchise/Brand fee
1 Lakhs
Royalty/Commission
20%

Details

Exclusive territorial rights to a unit franchisee
Yes
Anticipated percentage returns on investment
18%
Likely payback period
12- 20 Months
Other investment requirements
Rs. 8 Lakhs - Rs. 10 lakh

RidoBiko Expansion Plans


NORTH

Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Uttar Pradesh, Uttarakhand,

SOUTH

Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana,

EAST

Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Sikkim, Tripura, West Bengal,

WEST

Goa, Gujarat, Maharashtra, Rajasthan,

CENTRAL

Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh,

UNION TERRITORIES

Andaman & Nicobar, Chandigarh, Daman & Diu, Lakshadweep, Pondicherry,

RidoBiko Property Requirements


Type of property required for this franchise
Commercial
Floor area requirement
200 - 300 Sq.ft
Preferred location of unit
commercial

RidoBiko Training


Training location
HEAD OFFICE
Expert guidance from head office
Yes
Field assistance
Yes
Current IT systems included
Yes

RidoBiko Agreement Details


Do you have a standard franchise agreement?
Yes
How long is the franchise term for?
Lifetime
Is the term renewable?
Yes

Interested in above brand? Submit your interest here.

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About Franchise Times

Who We Are?

Franchise Times was promoted by professionals with over 25 years of hands on experience in Franchising. The foundations of Franchise Times were laid to assist entrepreneurs from start-ups, SMEs NGOs and corporates to develop sustainable franchise networks. Our multi-disciplinary and tested approach ensures that the appropriate talent and experience are applied at every stage of our work to ensure our clients' business needs are served professionally and in a cost effective manner.

At Franchise Times our success is measured by the growth of our clients' businesses. Within a decade of operation we have created over Rs. 5 million worth of enterprise value for our clients. We've advised over 200 networks and established multiple franchised network locations in India and abroad. We know exactly what it takes to grow a business - many of our clients have come to us with a single location and we've assisted their expansion to India and abroad.

Franchising is a wonderful way to go into business for yourself, but not by yourself. Franchising is an example of teamwork at its best, bringing together talents of a dedicated professionals and management team with hard work, zeal and entrepreneurial spirt of franchisees at the local level to serve our customers.

What We Do?

Franchise Times can help you expand your network in existing and new markets (globally), acquire new clients and increase your revenue, all at a substantially reduced costs.

At Franchise Times we follow an innovative approach that offers customized solutions to meet your specific needs in franchising. Staffed with professionals in sales, marketing, logistics and legal who are well empowered and phone-productive, we bring transformational rewards to your business.

Our offering include

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