The company has drawn up plans to set up 1,100 stores during 2014-15 and take these to 2,800 stores by end of FY2015-16.
"We are looking at raising up to Rs 100 crore in a phased manner, which will be utilised to build fulfillment facility, upgrade software, strengthen backend technologies and introduce new opportunities to network partners," iStreet Network Managing Director Pradeep Malu said in a statement.
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