Vakrangee partners with Decathlon to provide complete Sports products across its platform

Vakrangee Limited has entered into a Seller Agreement with Decathlon Sports India Pvt Ltd, a world leader in sports equipment's to offer a complete range of sports equipment's and products to the unserved and underserved population of India.

Decathlon provides world-class products both for enthusiastic beginners as well as passionate professionals at extremely affordable prices.

Under this collaboration via the Seller Agreement, Vakrangee through its Nextgen physical Kendras and BharatEasy Mobile Superapp will now be able to provide sports equipment's & products in remote areas of the country. With 84% of Vakrangee Kendra outlets in Tier-4 and 6 towns, Vakrangee will offer these services to the communities in the unserved / underserved parts of the country. The customers will also be able to avail various discount offers and get significant savings on their purchases of sports products.

Commenting on this collaboration, Mr. Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd. said, "We are happy to partner with Decathlon to offer our customers sports goods & products in underserved rural locations at a very affordable prices. With this collaboration, we have strategically added a complete bouquet of sports equipment's products at our Nextgen Kendras & BharatEasy Mobile App making them into a one-stop for all the sports goods requirements of our customers.

With this collaboration, we have expanded the bouquet of services available at our exclusive Nextgen Vakrangee Kendras making them into one stop shop for all the requirements of our customers."

Nextgen Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, Assisted e-Commerce, e-Governance, and logistics. Vakrangee currently has 22,042 Nextgen Vakrangee Kendras spread across 32 States & UTs, 564 districts and 5,510 postal codes. 84% of these outlets are in Tier 4 and 6 towns.

Our franchisees in remote areas of the country can now enhance their revenue stream by offering sports products & services too. We will continue to add more products and services and tie-up with leading business partners to offer our customers a one-stop solution to all their needs. We are aspiring to be the most trustworthy physical as well as online convenience store across India and positively moving towards Vakrangee Kendra's new brand philosophy of 'AB Poori Duniya Pados Mein'.

Shares of Vakrangee Limited was last trading in BSE at Rs. 27.10 as compared to the previous close of Rs. 24.90. The total number of shares traded during the day was 2640454 in over 10716 trades.

The stock hit an intraday high of Rs. 27.95 and intraday low of 24.95. The net turnover during the day was Rs. 70804952.00.

Source : Equity Bulls

Keywords

Vakrangee INE051B01021 DecathlonSportsIndia SellerAgreement