KidZania to set up second facility in NCR with Rs 100-cr investment

The global chain of role-play centres for children, KidZania, plans to set up its second facility in the national capital region (NCR) early next year at an investment of Rs 100 crore.

Its first facility currently exists in Mumbai, which sees a footfall of more than 7,00,000 kids every month. Apart from India, the company is present in 20 cities internationally including London, Dubai, Jeddah, Lisbon, Tokyo and its start-point, Santa Fe in Mexico.

The project is proposed to be funded by equity and debt in the ratio of 70:30, a senior company official said.

In India, the franchise license is owned by Imagination Edutainment in which 74 stake owned by Singapore-based KidZ Inc. Interestingly, KidZ Inc's shareholders include Xander Group, Comcraft Group and Maxfield Management Ltd. Shah Rukh Khan, the bollywood superstar, owns the remaining 26 per cent of equity in the company.

 

The new project, however, under the name of KidZania Delhi is aiming to develop in 147-acre in NCR. The company expects a cash break even on an annualized basis in Delhi NCR within 12 months of launch.

 

 

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