Friday, August 14, 2020

Mindseed Launches Preschool and Daycare Acquisition Fund to Help Entrepreneurs in These Challenging Times
  SocialTwist Tell-a-Friend  

Date: 07-07-2020 11:40AM
Source: Mindseed
Category: General, Consumer Interest, Internet, Lifestyle, Social Issues, Start Up, Education & Training, Financial Analyst & Investors, Technology
Location: Mumbai, Maharashtra, India

Business Wire India

  • Amrut Dhumal, Co-founder Mindseed Preschool & Daycare, announced the launch of the Acquisition Fund to help best 100 Preschool & Daycares in Mumbai and Pune impacted by COVID-19 crisis.?

COVID 19 has created an extremely challenging environment for most businesses, because of the depth of the recession and the uncertainty of when it will recover. Preschool and daycare industry is getting hit even harder as parents are struggling with their incomes and fearful of sending their kids to school. This can result in a long term recession for the industry, which has actually never seen tough times in the last 2 decades.

Announcing the acquisition fund, Amrut Dhumal said, “I expect more than half of the preschool and daycare centers would have to shut this year or next year as they do not have the financial strength to sustain prolonged closures and downturns. But it seemed like a shame for them to have to shutter their business and their dreams. I tried to rack my brain to think of what we can do to help them in this challenging market.”

“The acquisition fund will provide partial and complete sale opportunities to individual centers, small chains, and large chains. This can provide these entrepreneurs with an honourable exit to the business that they have worked so hard to build. We are looking to buy 100 centers, with around 100-400 kids per year in the last three years. Many of these centers may be losing money this year and many may do so next year as well, but we have built the capacity to hold for 3 years till things recover. By doing this we think we can give continuity to the efforts of these entrepreneurs.”

Mindseed has already closed a quarter of the deals with entrepreneurs who are looking to sell for a variety of reasons:

  1. Multiple centre chains keeping their company alive by selling some of their larger and more profitable centers.

  2. They do not have the finances to continue but do not want to close and dislocate their staff and kids.

  3. They cannot continue to operate the business, but they want their legacy to live on.

  4. Standalone / franchise centres, who prefer a one-time acquisition fee and a steady rental flow rather than risking the ups and downs of the business in these challenging times.

“These are extremely personal decisions, all of them are very challenging to make, six months ago none of us could have predicted that we would be where we are today. These times are difficult and I think nationally more preschool & daycares are going to close than those that continue. However, in our own small way, I hope we can give some entrepreneurs an exit, let some of their dreams continue to be fulfilled, and let their legacy live on even in these times,” added Dhumal.

Website -
Facebook -
Instagram -
YouTube -

More Press Releases

Bajaj Finserv Doctor Loan - Here’s How Medical Practitioners Can Benefit from Its Notable Features

Mindteck Reports Financial Results for Q1 2020-21

Flex Releases 2020 Sustainability Report

FSS Launches Embark to Digitally Strengthen India’s MSME Segment

High School Internships Made Possible, by Industry Pioneer Alacrous

Hyundai Mobility Membership India’s First Smart Ownership and Lifestyle Experience

NoPaperForms Marks Three Years with ESOP Announcement Worth over USD2 Million

Kent RO Salutes the Real Heroes

Lattice Sentry Solutions Stack and SupplyGuard Service Deliver End-to-End Supply Chain Protection with Dynamic Trust

Lenovo Delivers Outstanding Q1 Performance and Strong Growth, Overcoming Challenging Global Environment

Federal Bank Chooses Fiserv to Support Launch of Their First Independent Credit Card

Velodyne Lidar Powering Intelligent Traffic Management in Nevada

Premier Philippines Airport Enhances Passenger Throughput and Experience with Smiths Detection

Win a Tablet with WorldRemit’s Back to School Competition!

Phase III InPedILD™ trial enrolls first patient to evaluate nintedanib in pediatric population with fibrosing interstitial lung disease

Thales Expands Technology Partner Ecosystem to Accelerate Enterprises’ Cloud and Digital Transformation Initiatives

Moody’s Analytics Three-Peats in Two Categories at Risk Technology Awards

Visa Selects Payswiff as Winner of Visa Everywhere Initiative 2020 in India

Maharashtra prisons COVID count stands a...
Defence Minister Rajnath Singh launches ...
RTI disposal rate remains unaffected by ...
India can emerge as major player in glob...
ABVP seeks SAU re-conduct entrance test ...
1 killed, 5 injured in Mumbai building c...
 Top Stories
Trump stokes Kamala Harris 'birther... 
Italy PM defends government's handl... 
Pak's Independence Day is Black Day... 
Despite COVID-19 disruptions, Ace G... 
HARMAN launches AccuAlertMe - An en... 
Cyril Amarchand Mangaldas advises A... 
Will talk to CM to allocate relief ... 
WHO in conversation with Russia for...