WARNING: Kiaasa Franchise FOCO Model is a FRAUD – Don’t waste your investment!
Posting this to warn anyone thinking about investing in a Kiaasa franchise. They are running a massive scam with their FOCO model. It sounds "too good to be true" because it completely is.
Here is what they are doing:
**No Sales & Fake Numbers:** The stores make zero sales. To trap new investors, they show completely fake sales figures.
**Fake Verification:** When you try to verify and ask for existing store owners' contacts, they don't give you the actual owner's number. In my case, they didn't give my number—they gave the number of some fake dummy person who lies and pretends it’s his store, making a fool out of potential investors.
**No MG Payments:** They promise a Minimum Guarantee (MG), but they never pay it on time. You have to constantly beg and fight for your own money, and they completely stop picking up your phone calls once they have your cash.
They have already taken a 40 Lakh investment and are just looting people by opening stores that don't perform. If you are planning to take their franchise, **STAY AWAY**. They are just making a fool out of investors.