Home utility products maker Bonita India is eyeing Rs 100 crore turnover by 2017-18 as it expands operations in the country and overseas.
The company is also looking to raise Rs 30 crore through series-A funding to enter new markets, add more products and brand building in its products portfolio.
"We are looking at clocking Rs 100 crore sales by fiscal year 2017-18. We are expanding ... Adding more products categories, adding more products within existing categories and also enter more markets overseas. We are in talks to raise Rs 30 crore," Bonita Joint Managing Director Umang Srivastava told PTI.
Srivastava said at present 90 per cent of its total sales come from domestic market and 10 per cent from overseas markets.
By 2017-18, the company expects overseas markets to contribute 35 per cent of total sales.
At present, Bonita sells a range of 80 products in 20 countries, including the US, Europe, Australia and the UAE. It plans to increase the number of products to 200.
