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Craftsvilla looks at profitability by next year, expands business categories

The company has five million ethnic products on its platform, and 80 per cent of its sales happen in ethnic fashion

Gireesh Babu  |  Chennai 

Sequoia Capital- and Nexus Venture Partners-backed online ethnic store Craftsvilla expects to turn profitable in 2017 as it expands its business to offer local food products to customers across the country. In February, Craftsvilla acquired Bengaluru-based PlaceofOrigin, an online marketplace for Indian snacks and sweets from producers across India which sells them to consumers on its platform. "We are a very capital efficient company and we are looking to become profitable in a few months, in next year. Our charter of growth is profitability, unit economics, capital ...

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First Published: Sun, October 09 2016. 15:51 IST
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