Vakrangee jumps 5 per cent; heres why!

Vakrangee has recently launched a complete digital process for next-gen franchisees.

Vakrangee has recently launched a complete digital process for next-gen franchisees. 

The company has digitised the Franchisee Lifecycle Management (FLM) process including onboarding and service activation as well as franchisee acquisition processes, which will help furnish a secured, simple and swift experience. 

This would result into robust scalability and quicker turnaround of the prospective franchisees. 

The following FLM processes are now completely digitised: 

• Franchisee lead generation 

• Franchisee application process 

• eKYC & approval process   

• Franchisee agreement process– eSigning & eStamping   

• Service activation process  

The company has a target to reach at least 25,000 Nextgen Vakrangee Kendras by FY22 and further expand it to 75,000 Nextgen outlets by FY26. This digitisation will ensure robust scalability and also, faster turnaround of potential franchisees. This is also expected to improve profitability and shrink franchisee onboarding costs. 

Vakrangee is engaged in providing diverse solutions, activities in e-governance, e-commerce, white label ATM, financial services (including banking) and logistics sector, including bullion & jewellery, through its Vakrangee Kendra (on B2B & B2C basis) with special competencies in handling massive, multi-state, and e-governance enrollment projects, data digitisation, software, and licence. 

Vakrangee’s scrip zoomed 5 per cent to touch a high of Rs 40.60 per share on BSE during the early market hours on August 16, 2021.