V-Bazaar targets Rs 500 crore in revenues by 2020

V-Bazaar, the well known fashion and apparels retailer has set a target of reaching Rs 500 crores revenue by 2020. It also plans to add up to 45 new stores in Tier II and III cities. The company shall invest between Rs 75-90 crores to open 40 to 45 new stores in Tier-II and -III cities in states like Bihar, Jharkhand, Uttar Pradesh, Gujarat, Rajasthan and Uttarakhand in the next three years

As per Hemant Agarwal, Chairman and Managing, V-Bazaar Retail the company is planning to add 40-45 more stores by 2020. By the end of FY 2019-20 they want to take up their store count to 56-57. As a strategy the company is now focusing only on Tier-II and III cities. Currently, V-Bazaar is engaged in operating 14 stores in Uttar Pradesh and Bihar and earned revenues of Rs 44.8 crores in the financial year 2016-17.