Voylla plans to set up 100 stores,invest Rs 25cr for expansion

Ecommerce fashion jewellery firm Voylla is planning to set up 100 stores across the country by the end of next fiscal with an investment of about Rs 25 crore.
The Jaipur-based start-up firm had recently raised USD 15 million from private equity firm Peepul Capital. The same would be utilised to fund expansion plans.
The company has opened its first store in West Delhi. It has three stores in shop-in-shop format at Future group's central mall.
"This will complement company's objective to deliver end-to-end service support for customers with the integration of the offline and online channels," Voylla Fashions said in a statement.

The company plans to set up 100 stores in different formats by the end of next fiscal at Rs 25 crore cost, Voylla CEO and Founder Vishwas Shringi said.
Asked about the revenue, he said, the company is expected to achieve GMV (gross merchandise value) of about Rs 40 crore in this fiscal and same would grow to Rs 175 crore by next financial year.
The ecommerce firm has presence in 30 market places- domestic and global.