10 Best Retail Franchise Opportunities in India 2027

What Are the Best Retail Franchise Opportunities in India in 2027?

Some of the top retail brands you could look into in 2027 are:

Odette, Koskii, Banana Club, Zen Diamond, Ornazone, Ishatvam, Wonderchef, GIVA, Pigeon, Clovia

The brands cover fashion, ethnic clothing, jewellery, home décor, kitchen appliances and innerwear. Not all will have full information on their investments and confirm whether they are currently offering franchises.

We have reviewed 10 retail brands to give you an overview of what you could expect. We will highlight the areas which would need to be checked with the brand directly if there is no clear information available.

Why Start a Retail Franchise in India in 2027?

The retail industry is growing in India with organised retail, online and branded products. By 2030, the market is set to grow to over $2.36 trillion, up from $1.09 trillion in 2025. Organised retail is expected to occupy more than 35% of the market.

Branded retail is growing, creating opportunities for clothing, jewellery, home items and consumer appliances.

There are lots of benefits to starting a franchise. You will have:

An established brand

• Ready-made products
• Support with store design and merchandising
• Support with staff training and running
• Support with marketing
• An established supply chain and retail process

However, they may not be profitable. Rent, location, customer demand, stock control, margin and working capital will all impact how profitable your franchise is.

Top 10 Retail Franchise Opportunities in India – Investment Breakdown

Below is a breakdown of the brands, where we have listed the investment based on what is published online, and estimates from third parties. Where there is no clear commercial information, this has been noted.

Note: The investment figures are not directly comparable. Some include deposit/refundable amount and store build. Ask for a detailed written breakdown before investing.

1. Odette Franchise – Fashion & Lifestyle

Odette is a modern fashion and lifestyle brand. They sell clothing, jewellery, handbags, shoes and accessories.

The official franchise page lists the investment at 45 lakh and describes the franchise type as Franchise Invested, Company Operated (FICO).

This means the franchisee invests, but the company runs the store.

They have 56 stores in India in 2026 and offer support with merchandising, training, marketing, opening and running.

• Investment: 45 Lakh.
• Type: FICO.

Benefits:

They offer a variety of products, meaning you can target different segments of fashion and lifestyle customers. The Company Operated model may attract investors looking for a more hands-off approach.

Due Diligence:

Ask for a written breakdown of exactly what is included, share of sales, store size, stock ownership, running costs and exit clauses. Do not take the ROI claims at face value.

View Official Page - https://odette.in/pages/franchise

FranchiseBazar - https://www.franchisebazar.com/franchise-opportunity/odette

2. Koskii Franchise – Women’s Ethnic Clothing

Koskii is a brand selling ethnic clothing and outfits for women. They sell sarees, lehengas, gowns and celebration outfits.

The franchise programme on the official site offers two options:

• FOFO – Franchise Owned and Operated.
• FOCO – Franchise Owned and Company Operated.

They offer support with finding the right location, store design, staff training, stock planning, merchandising and marketing. They also state that they can offer technology-driven stock planning.

The investment appears to be between 1-2 crore according to FranchiseBazar. This is a third-party listing.

• Investment: On request.
• Type: FOFO/FOCO depending on agreement.

Benefits:

They specialise in celebration occasions so will target a specific segment of customers.

Due Diligence:

Check what the minimum store size is, how much stock they will provide, franchise fee, working capital, royalties and what responsibilities they have within each model.

View Official Page - https://www.koskii.com/pages/franchise-store

3. Banana Club Franchise

Banana Club is a menswear brand based out of Bengaluru. They sell shirts, trousers, t-shirts, ethnic wear, footwear and accessories.

In relation to their franchise opportunity they offer an enquiry form. According to an article in ETRetail (2026), one of the co-founders mentioned that they want to open 100 stores by 2028. Currently the brand has 17 corporate stores and 4 franchise stores.

This is useful evidence that the business are looking to expand their brick and mortar stores. However, it should be noted that the goal to expand doesn’t necessarily mean that they will achieve this.

Investment – Unconfirmed

Business model – Get current franchise offer.

Why you might want to consider Banana Club:

They operate in the organised menswear market with an online and offline presence.

Due diligence – Ask how many stores they would expect to have, who owns the stock, what the minimum investment is, what territory rights they would have, profit share and what the franchisee would need to do.

Sources:

Banana Club Franchise Enquiry - https://bananaclub.co.in/pages/franchise-page

 ETRetail – Banana Club Expansion

4. Zen Diamond Franchise – Diamond Jewellery

Zen Diamond is an international jewellery brand that specialise in diamond jewellery.

Their website has a franchise enquiry page. This says that they can help you with researching locations, training your staff, marketing and onboarding.

However, in a recent interview with the leaders of the company they said they are not currently offering a franchise model in India but are looking to find the right partners (Indian Retailer/FranchiseTV).

Therefore, the enquiry page does not mean that they currently have a franchise opportunity.

Investment – Unconfirmed

Business model – Need to confirm.

Why you might want to consider Zen Diamond:

They have an international feel and operate within the high-end jewellery market. This might interest entrepreneurs looking to enter luxury retail.

Due diligence – Confirm if they currently have a franchise model in India, who are granting the rights, what type of store they would expect to have, what stock they would need and what the total investment would be.

Sources:

https://india.zendiamond.com/pages/franchise

Indian Retailer – Zen Diamond Expansion

5. Ornazone Franchise

Ornazone is a gold-plated fashion jewellery brand.

They are a brand to appeal to those wanting affordable jewellery, accessories and gift items.

According to third-party sources within the industry, they require an investment between ₹50 lakh and ₹1 crore and expect you to have around 500-1000 sq.ft of stock space. This hasn’t been confirmed from an official franchise investment page.

Investment – ₹50 lakh – ₹1 crore (unconfirmed from third party)

Business model – Need to get confirmation in writing.

Why you might want to consider Ornazone:

They offer a different proposition to high-end diamond and fine jewellery brands.

Due diligence – Ensure that the company are legally registered with the correct name, official website, authentic products, stock network, franchise agreement, stock terms and investment breakdown before paying any fees.

Source:

 Indian Retailer – Jewellery Brand

6. Ishatvam Franchise – Luxury Home Décor

Ishatvam is a luxury home décor and lifestyle brand.

On their official website, they show a range of products including furniture, paintings, spiritual accessories, tableware, soft furnishings and home décor. They also offer interior styling and design.

Third-party sources state varying amounts of investment and terms; however, these aren’t confirmed by the brand.

Investment – Unconfirmed

Business model – Need to confirm if they have any available franchises.

Why you might want to consider Ishatvam:

They have a curated range of home and lifestyle, so they have a unique proposition.

Due diligence – Contact them directly and ask for written confirmation of available franchises, type of stores, investment, stock requirements and support.

Sources:

 Ishatvam Website -https://ishatvam.com/

 Ishatvam Contact Details - https://ishatvam.com/pages/contact

7. Wonderchef Franchise

Wonderchef is an Indian kitchenware brand associated with Chef Sanjeev Kapoor.

They offer a range of cookware, Kitchen Appliances and modern cooking products.

The official franchise programme mentions that they offer an Exclusive Brand Outlet and have over 50 franchise outlets.

They mention they will support your store with fixtures, POS software, signage, marketing, training and planning for merchandise. There are no joining fees or royalties.

Franchise fee: Zero joining fee, according to the official programme.

Royalty: No royalty, according to the official programme.

Why you might want to consider Wonderchef:

They already have a range of kitchen and cookware, so there are opportunities within this sector, which has a wide audience.

Due diligence – Ask what percentage of rent they will pay, what margin they will have on stock, what working capital they will need, how big their stores will be, what fixtures they will have, what sales targets they have and what their partners will need to do.

Source:

https://www.wonderchef.com/pages/franchise

8. GIVA Franchise

GIVA is a jewellery brand selling silver, gold and lab-grown diamonds.

It sells through an online-to-offline approach.

The official franchise site does have an enquiry form available but does not provide the investor with the full breakdown of costs.

Investment – Not specified.

Business Model – Get latest proposal.

What’s the attraction?

The collections are contemporary and focus on giving so you can get into the branded jewellery space.

Enquire about:

Stock ownership, security requirements, how big the store needs to be, restocking, territory and franchise breakdown.

Sources:

https://www.giva.co/pages/franchise

https://www.giva.co/pages/about-giva

9. Pigeon Franchise

Pigeon is a brand under Stove Kraft.

They sell pressure cookers, cookingware and Kitchen Appliances.

The official franchise site says that they sell through a network of Exclusive Brand Outlets. They state two different investment amounts:

From the FAQ section: ₹17 Lakh (Franchise Fee – ₹2 Lakh & Security Deposit – ₹15 Lakh).

Total Investment – ₹25 Lakh (Franchise Snapshot).

The official site also states that a minimum floor area of 600sq.ft is required. They also mention that they have 2 models – FOFO & COFO.

There is a discrepancy between the two investment amounts. You should not assume that the amount you pay will cover all of your costs to open the store.

Investment – ₹17 Lakh (from FAQ) or ₹25 Lakh (from snapshot). Determine the correct model.

Business Model – FOFO / COFO.

What’s the attraction?

They have an established brand within kitchenware and have a wide variety of products. They are backed by Stove Kraft.

Enquire about:

Breakdown of costs – Security Deposit, Fee, Fixtures, Rent, Stock & Working Capital. Also exit.

Source:

Pigeon Franchise Programme – https://www.stovekraft.com/franchisee

10. Clovia Franchise

Clovia is an Indian underwear & lifestyle brand selling bras, lingerie, briefs, sleepwear, shaping & activewear.

The official franchise programme says that they sell through investor-funded stores.

They have an investment amount of up to ₹25 lakh, which includes fabrication & security deposits. They also mention that they require a store space of around 450- 500 sq. ft.

The current official franchise site says that the break-even point is 18-24 months. This is an estimated figure provided by the company.

Investment – Up to ₹25 Lakh.

Business Model – Investor-funded.

What’s the attraction?

They specialise in a niche product and have small stores, meaning they may attract investors looking to get into women's lifestyle.

Enquire about:

Operating costs, revenue sharing, security deposits, stock & assumptions made about the break-even point.

Source:

https://www.clovia.com/own-a-franchisee/

How to Choose the Right Retail Franchise in India

When choosing to invest in a retail franchise, consider the following points.

1. Company Verification

Ensure that the company is a legitimate business. They should have an official website and brand. The person selling you the franchise should be an authorised representative.

2. Total Investment

Franchise Fee, Security Deposit, Fixtures, Equipment, Initial Stock, Rent, Salaries, Marketing & Working Capital.

3. Business Model

FOFO = Franchisee Invests & Operates. FOCO = Franchisee Invests & Company Operates. FICO = Specific term used by Odette. They have a franchisee-invested & company-operated model. COFO = Company Invests & Franchise Operates.

Do not assume that two brands with the same model will have the same costs.

4. Location

Consider the demographics of the customers in the area, competition, visibility, rent, parking & expected footfall.

5. Contract

Franchise length, Renewal Terms, Territory Rights, Royalty, Stock Returns, Exit & Dispute Resolution.

6. Talk to Current Partners

If possible, talk to some current & previous franchisees. Find out what their real sales are like, operating costs, support from the brand, stock turnover & how the store runs.

Look at more Retail Franchise Opportunities on FranchiseBazar.

Use our Franchise Search tool to compare opportunities by Industry, Investment Range & Location.

FAQ

1. Best retail franchise opportunities in India (2027)

Top franchises to look out for in retail are Odette, Koskii, Banana Club, Wonderchef, GIVA, Pigeon & Clovia. You should also look at Zen Diamond, Ornazone & Ishatvam. However, you would need to verify the franchise terms currently available in India.

2. How much do retail franchises in India cost?

Depending on the brand, size of store, stock & business model. Some examples include Odette costing ₹45 lakh & Clovia up to ₹25 lakh. Koskii shows a third-party cost of ₹1-2 crore. You should always ask for up-to-date breakdown costs.

3. Lowest cost retail franchise?

Pigeon show a cost of ₹17 lakh in their official FAQ. However they also show a snapshot cost of ₹25 lakh. This needs clarification.

4. Which retail franchise has a company-operated model?

Odette have a FICO model. Clovia have an investor-funded, company-operated model. Wonderchef have a lot of support from the company however you should clarify how much they will be involved.

5. Are retail franchises profitable in India?

They can be, however there is no guarantee. Profitability will depend on location, rent, margins, stock turnover, salaries, demand from customers & running costs.

6. How do I apply for a retail franchise in India?

Go to the brand's official franchise page & make an enquiry. Ask for their up-to-date business proposal. Ensure you verify the company, franchise agreement & investment.

7. What is the difference between FOFO & FOCO?

In a FOFO model, the franchisee owns & runs the outlet. In a FOCO model the franchisee invests/owns the outlet, but the company runs the outlet. This depends on the franchise agreement.

8. Are retail franchises good for new entrepreneurs?

It can be if the investor knows what they are investing in, who their customers will be & the business model. If they have a supported company model, they may not be as involved in the day-to-day running. However, there is still investment risk.

Conclusion: Find the Right Retail Franchise Opportunity in India

There are many opportunities within the retail sector in India. Whether it be fashion, jewellery, home décor, kitchen appliances & lifestyle.

The 10 brands mentioned have varied business models, investment amounts & franchise information.

This depends on your investment amount, what category you want to be in, location, how involved you want to be & risk.

Don’t just go for the highest ROI or payback. Ensure you verify the legal entity, ask for written business terms, talk to current partners & work out the full cost of running.

Ready to find your retail business opportunity?

Check out FranchiseBazar for retail franchise opportunities, compare investment amounts & research business opportunities across India.

Research

This article has been researched using official brand websites, official franchise enquiry pages, industry reports & third-party franchise pages (7th November 2026).

Investment amounts have been noted from the source. Officially published amounts have been noted alongside third-party estimates.

If there was conflicting or missing information, it is recommended that you check directly.

Store amounts, ROI & break-even amounts have been stated by the brands & have not been verified. There may be changes to franchise availability & this article is not investment or financial advice.

Written By Gouri Ghosh, FranchiseBazar Editorial Team Updated November 2026 ·

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.