Published
Oct 9, 2017
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Voylla looks to double store count by 2018

Published
Oct 9, 2017

Fashion jewellery brand Voylla is looking to expand its retail presence across the country by doubling its store count to 500 by the end of 2018, said a top company official.


Voylla looks to double store count by 2018 - Voylla


The brand has already launched more than 150 stores and plans to come up with 100 more by end of this financial year.

"We are looking at increasing our retail touchpoints to 500 by December 2018. We are also aiming to reach break-even by then," Voylla Founder and CEO Vishwas Shringi was quoted as saying by a news agency.

The company had recently appointed actor Ranvijay Singh of MTV Roadies fame as brand ambassador for its men's collection, Dare by Voylla.

The company, founded in 2011, currently has 240 retail touchpoints -- which include exclusive stores, shop-in-shops in large multibrand outlets and kiosks -- in India.

Voylla retails its own creation online through Voylla.com, app and via marketplaces like Flipkart, Amazon and Myntra.

 In October 2015, Voylla had raised $15 million from the private equity firm Peepul Capital and before that had raised two rounds of funds in 2012 and 2013 by Snow Leopard Technology Ventures.
 

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