Canvera goes offline and announces to open 50 stores across the country over the next one year with the name ‘Canvera Studio’. Canvera is an online photo printing start-up backed by Info Edge, DFJ, Footprint Ventures and Mumbai Angels. Canvera managing director Ranjit Yadav said, “The Noida studio is a start and the company hopes to add 50 more Canvera Studio stores across the country over the next one year. The company also plans to undertake B2B projects through the facility”. These stores will be set-up on a franchisee basis over and average size of around 800 square feet.
Source: Economic Times