India, 15th May 2024: Idealz Holding, the creator of Idealz, a first-of-its-kind e-commerce platform that has revolutionized the online shopping experience from Dubai, UAE, is thrilled to announce a partnership with FranGlobal, the international franchising solutions firm, to launch its distinctive e-commerce model in the Indian market.
Idealz Holding has been at the forefront for developing and operating tech-enabled businesses particularly in the B2C space, with all their platforms fully developed in-house without third party dependencies. Known for its innovative approach, Idealz combines shopping, winning and social impact together, giving customers an opportunity to win amazing prizes while also changing the lives of those less fortunate around the world.
Driven by its primary objective of enhancing the shopping experience, Idealz has developed a dedicated client base in more than 150 countries and accomplished key milestones. In 2019, Idealz became the official digital raffles partner of Dubai Festivals and Retail Establishment (DFRE), the retail governing body of Dubai Economy and Tourism (DET).
With its remarkable success in the UAE, Idealz has rapidly emerged as a global sensation. This latest move marks a pivotal step for Idealz and the e-commerce industry in India as it provides the perfect platform for the increasing middle and high-income groups looking for new shopping experiences. Idealz aims to be live for the Indian market by Q1 of 2025.
Commenting on the expansion, Jad Toubayly, Founder & CEO of Idealz Holding stated: “We are excited about the potential of joining the Indian market, one of the world’s fastest expanding economies. Our unique approach to online shopping aims to alter the e-commerce setting in India, providing customers with extraordinary experiences and the opportunity to win life-changing prizes. Idealz has given away over US $60 million in prizes to more than 8,000 winners of over 84 nationalities so far, with Indians proving to be the platform’s biggest enthusiasts.”
Ms. Venus Barak, CEO of FranGlobal also expressed her enthusiasm about the partnership, saying “This collaboration marks the growing potential of e-commerce in India and there is an urgent need to redefine the landscape of online shopping. Market studies show that customers in tier-2 and tier-3 cities are actively seeking new and enjoyable shopping experiences and we are aiming to provide just that by introducing Idealz to the market. I believe that this partnership will greatly fulfill the demands of an ever-growing Indian e-commerce market.”
With its significant experience and expertise in franchise development, FranGlobal serves as an ideal partner for Idealz Holding to enter the Indian market with. Their extensive knowledge of the peculiarities of the local market combined with their track record of successfully establishing franchisees makes them a great ally in this venture.
The goal of the company’s business strategy is to combine the shopping experience with winning and while also helping charitable causes. Every purchase gives customers the chance to win spectacular prizes, and the choice to donate their purchased product to support underprivileged communities across the world.
With a common vision and commitment to innovation, the two firms are set to have a long-term impact, improving the lives of Indian customers and contributing to the greater good.