Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

Castler Digital Escrow for Franchisor & Franchisee

Secure and Transparent Business Transactions

100% Secure | Lowest Price Guaranteed

India’s largest Digital Escrow Platform

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Workflow of Funds in Castler Digital Escrow

01

Franchisor and franchisee agree on terms and conditions of the business transaction

02

Franchisee deposits the required funds into Castler's escrow account

03

Franchisor transfers the assets, including the franchise agreement, to the franchisee

04

Franchisee confirms receipt of the assets and approves the release of the funds to the franchisor

05

Castler disburses the funds to the franchisor, completing the transaction

06

Castler provides ongoing support to both parties for future escrow services

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Castler Solution

Castler's advanced technology ensures payment security and transparency for the both the parties as Franchisee deposits funds into a secure Castler digital escrow account

Customizable terms and conditions to suit the needs of both parties

Automated, transparent and streamlined transaction management

Complete visibility and real-time tracking of assets and funds

Ongoing support and assistance from Castler's team of experts

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Secure Your Transactions with Castler Digital Escrow

100% Secure | Lowest Price Guaranteed

Benefits for both parties

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FAQ's

What are the next steps after using escrow for franchising?

Once the escrow process is complete, the franchisor and franchisee will be able to sign the franchise agreement and transfer ownership of the franchise.

How do I start the process of using escrow for franchising?

To start the process of using escrow for franchising, you will need to contact our escrow expert and provide them with the necessary information, such as the name of the franchisor, the name of the franchisee, and the amount of the initial franchise fee.

What are the different types of escrow services for franchising?

There are two main types of escrow services for franchising:
Traditional escrow services: These services are typically provided by banks or other financial institutions.
Online escrow services: These services are typically provided by technology companies. Online escrow services can be a more convenient and cost-effective option for franchising.

What are the different types of escrow accounts for franchising?

There are two main types of escrow accounts for franchising:

Non-judicial escrow accounts: These accounts are typically used for smaller transactions. The funds in a non-judicial escrow account are held by a third party, who is not a court.
Judicial escrow accounts: These accounts are typically used for larger transactions. The funds in a judicial escrow account are held by a court, which provides an additional layer of protection for both the franchisor and the franchisee.

How can I choose a reputable escrow agent for franchising?

When choosing an escrow agent for franchising, it is important to choose a reputable company with a good track record like Castler.

What are the risks of using escrow for franchising?

There are a few risks associated with using escrow for franchising, including:

The possibility of fraud or misrepresentation
The possibility of the escrow agent becoming insolvent
The possibility of delays in the transfer of ownership

What are the costs of using escrow for franchising?

The cost of using escrow for franchising will vary depending on the specific needs of the franchisor and franchisee. However, in general, the costs are typically very reasonable.

How does escrow work for franchising?

When a franchisor and franchisee agree to enter into a franchise agreement, the franchisee will typically deposit their initial franchise fee into an escrow account. The escrow agent will then hold the funds in trust until all of the conditions of the franchise agreement have been met. Once all of the conditions have been met, the escrow agent will release the funds to the franchisor.

What are the benefits of using escrow for franchising?

There are many benefits to using escrow for franchising, including:

Protection for both the franchisor and the franchisee
Increased transparency and accountability
Reduced risk of fraud or misrepresentation
Streamlined the process of transferring ownership

What is escrow?

Escrow is a service that holds money in trust until certain conditions are met. In the context of franchising, escrow is often used to hold the franchisee’s initial franchise fee until the franchise agreement is signed and the franchisee has met all of the required qualifications.

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Testimonials

I am thrilled to write a testimonial for Castler, a company that has truly transformed the way we handle digital payments and escrow agreements. Thanks to Castler, making digital payments has become incredibly easy and convenient for us. Their platform is intuitive, user-friendly, and secure, making it an ideal choice for anyone looking for a hassle-free payment experience. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

 

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Prashanth

Finance manager

And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective.

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Dipen Patel

CTO

Castler’s team of skilled professionals quickly understands the latest digital strategies, enabling us with tailored solutions to our unique needs. Their team was always available to answer any questions or concerns. And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective.

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Pradeep

CEO & Co-Founder

The process of disbursal through Castler is quick, easy and reliable. The best thing about them is the their team, which is readily available to assist you and give solution to your queries or even helping with last minute disbursal requests. And I also liked the features like, (Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Rahul Singh

Finance Lead

Quick response time. And I also liked the features like, Multi-Bank Option, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Sanu Kumar

Program Manager

Keep up the good work and try to add more features related to operational convenience. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Standardized Pricing, Help you Save Time, Money & Effort .

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Nitish Kumar Gupta

Senior Director

Nidhi is a very professional but never forgets to.give some personal touch. She is prompt in her response and gives solution which is very helpful . And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Amruta Shingwekar

Founder

Timely responses and quick solutions to any issues that arose during the course of our engagement have been truly remarkable. Appreciate Nidhi’s & Vineeta’s commitment to delivering high-quality service. And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Akshitha

Strategic Finance

Your executive really helped us with smooth and fast opening of escrow account when we were struggling with the banks for this service.. And I also liked the features like, Team Responsiveness, End-to-End Support, Help you Save Time, Money & Effort.

Preetesh Maloo

Co Founder

“I was thoroughly impressed with their services. The staff was professional, responsive, and knowledgeable, and they made the entire process incredibly smooth and hassle-free. One of the things I appreciated most about Castler was their attention to detail. They were incredibly thorough in reviewing all of the necessary documents and ensuring that everything was in order before moving forward with the transaction. This gave me a lot of peace of mind and helped to prevent any potential issues or complications. And I also liked the features like, 100% Security through Escrow Agreement, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Nimith Agrawal

Co-Founder & CEO

Throughout our experience with Castler, we have found their team to be incredibly responsive and supportive. They have been instrumental in resolving any issues that we have encountered in a timely manner, providing us with prompt responses that have helped us keep our operations running smoothly. We cannot overstate the value that Castler has added to our platform, and we are grateful to have their team as a partner in managing multiple accounts through their efficient tool. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Shubham

VP Strategy & Operations

Maybe add more banks to partner with. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

Ranjit Sundaram

Founder

Good work And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Santhosh C

Business Development Manager

Castler teams are well co-ordinated & have been standing on feet when support needed during our business peak. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .

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Vidhi Bhatt

Co-Founder & Director

Liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .

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Varun Varada

Finance Manager

Representatives works with a problem solving attitude. And I also liked the features like, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Gaurav Jhajharia

General Manager Business Finance

We are an NBFC, so making payouts used to be a huge challenge for us. However, ever since we started using Castler’s Escrow Services, all our payouts have been automated which saves us time and resources. Also, the team is extremely responsive and are available to solve issues raised almost immediately. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Anish Bhojani

COO

amazing tech and ux ui. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Efficient & Effective .

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Shreyaan Daga

Founder

Castler Product is unique and easy to use, it’s easy to customise as per any use case makes it different from other escrow service .And I also liked the features like,Unified Dashboard, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Yash Goyal

Head-Product and Marketing

I think the team behind this is phenomenal and excellent after services after onboarding as well. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Efficient & Effective .

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Gunjan Sangoi

Investment Manager

Making Escrows Easier !. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Modular Product, Fully Customizable, Any Industry Any Use-Case, Efficient & Effective .