Wednesday, October 18, 2023

CityKart Celebrates Remarkable Growth In India, Eyes INR 100 Crores Investment & 25-30 New Stores By End Of FY 23-24

* The customer-centric & employee-friendly brand is leading by example through its permanent & temporary employment drives in India .

* It is also promoting a diversification ratio of approximately 15-20% to foster a dynamic & inclusive work environment.

CityKart, India's leading value retail chain, is thrilled to announce that it has attained remarkable growth and success in the Indian market, with the shopping platform eying an investment of up to INR 100 crores across India. Moreover, Citykart is all set to witness the opening up of 25-30 stores by end of FY 23-24, with the significant investment also contributing to the employment of 700-1000. 

The multi-faceted brand boasts a very impressive and diverse talent pool in India, with the current employee strength for each store standing more than 30-35 individuals. It stands as a customer-centric and employee-friendly retail destination, as it takes immense pride in fostering a dynamic and inclusive work environment, promoting a diversification ratio of gender equality approximately 15-20%.

Having raised INR 105 crores 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. Currently, it is operating 95 stores in 73 cities across 8 states.

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." 

Owing to its tremendous experience, CityKart has become a go-to shopping destination for men's, women's, and kids' apparel, Home Furnishing, and accessories, thereby capturing the hearts of residents and experiencing exponential growth in the region. Ever since entering the market, the company has witnessed spectacular expansion, with its dedication to community engagement and its unique value proposition perfectly resonating with customers and further propelling its successful journey in the city. The brand’s lineup includes Athiya, Nimes, Fumee, and Remise, each catering to specific fashion preferences.

Citykart is currently active in eight states and recently launched their 94th store in the country and the first store in West Bengal by opening a store at Kanchrapara (approx.30 km from Kolkata)  West Bengal. Furthermore, the company is planning to launch 9 more stores including the 100th store in Bihar and it will be the largest store in Bettiah spanning an impressive 17,000 sq feet. Anticipating a significant influx of customers during the festive, wedding, and winter seasons, the company is gearing up for an exciting period of growth and opportunity. 

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