Vu Technologies eyes Rs 1,000 crore revenue in FY18

California-based television firm Vu Technologies has said it is eyeing Rs 1,000 crore revenue this fiscal as it expands product offerings based on customer feedbacks and increased distribution.
The company is looking at doubling its exclusive brand outlets and multi-brand outlets to 50 and 3,000, respectively, by the end of this financial year.
"Vu Technologies is a tech company and we are brand built for today's Internet generation. We are growing at exponential pace. We are looking at Rs 1,000 crore revenue in this financial year," Vu Technologies CEO and Design Head Devita Saraf told PTI.
It has reported revenue of close to Rs 500 crore in the previous fiscal.

The company, strengthening its portfolio further, launched a range of televisions in the price range of Rs 20,000 to Rs 2,50,000.
Saraf said customers' feedback have been an important pillar behind the company's innovative product features.

The company is also firming up its plans to export its products out of India.
"We are looking at starting exports of VU luxury televisions by second half of next fiscal. We are looking at European markets," she added.
The company fully imports products from China.