In an investor's update, the company said that it is looking at operating 4,000 such stores in 3-5 years.
The company, however, did not share the proposed investment for the expansion.
The company plans to run these neighbourhood stores on loyalty/membership based model offering discounts. The average size of these stores will be around 2,000-3,000 square feet.
At present, these stores are located in 11 clusters.
The company acquired Heritage Fresh's 136 retail stores, located in Hyderabad, Chennai and Bangalore, in November last year.