CityKart, one of the leading value retail chains, is eying an investment of up to Rs. 100 crore across India and will open up around 25-30 stores by the end of FY ’23-24, with the significant investment also contributing to the employment of around 700-1000. Currently, it is operating 95 stores in 73 cities across 8 states.
In a press release, the retailer said that it has attained remarkable growth and success in the Indian market.
CityKart offers men’s, women’s, and kids’ apparel, Home Furnishing, and accessories, thereby capturing the hearts of residents and experiencing exponential growth in the region.
Having raised Rs. 105 crore to date for the expansion plan of attaining 300 stores by 2026, CityKart is aiming to capture a significant market share and become a bustling shopping hub for residents and fashion enthusiasts.
Ritesh Rathi, COO, Citykart said, “We are thrilled to have experienced such tremendous growth and success in the Tier-2 and Tier-3 market. The overwhelming response and acceptance that we have received from our customers has encouraged the entire Citykart team to expand our store presence and product offerings. We remain committed to providing an unmatched shopping experience, and we look forward to continuing to create an atmosphere that brings joy and celebration to our customers in India.”
