Naturals plans to open 50 salons in the Gulf region.

After two unsuccessful attempts to raise private equity, Naturals salons is close to raising around Rs. 60 crore to fuel its growth in the non-south markets. Naturals also has signed up with a master franchisee for the Gulf region to open 50 outlets in the first phase.

Naturals hopes to close the deal by September and will be selling a minority stake of almost 20 per cent to raise the private equity fund. The fund will be utilized to open own salons in five key markets including Delhi, NCR, Punjab, Gujarat and Pune. In these markets Naturals will open 100 salons this year to establish the brand locally and then expand further with the help of franchisees.


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