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V-Bazaar aims at Rs 5 bn turnover by 2020

Press Trust of India  |  Lucknow 

Fashion and apparels retailer V-Bazaar is aiming at a turnover of Rs 500 crore by 2020 on the back of its expansion in and Bihar, a top said.

The company, which started its in May 2016, is aiming to add 15 stores to the current 20 stores in as part of its expansion strategy, V-Bazaar Retail CMD told a press conference here.

"We plan to add around 30 more stores by 2020 and take our store count to 50 in by the end of FY 2019-20," he said.

The company will invest nearly Rs 450 million to add 23 new stores in tier-II, III and other untapped areas of Uttar Pradesh, he said.

Apart from Uttar Pradesh the group plans to open more stores in and enter this year, he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 20:20 IST