Home / Knowledge / News / Textiles / FabFurnish aims to reach Rs 2.2bn turnover in 2014
FabFurnish aims to reach Rs 2.2bn turnover in 2014
29
Apr '14
Indian online retailer for home products, including home textiles, FabFurnish has announced plans to introduce innovative products at affordable prices, to reach Rs. 2.2 billion in revenue this year, reports the Economic Times quoting PTI.

FabFurnish co-founder Vikram Chopra said on the sidelines of the recently held Indian e-Retail Congress in Gurgaon, that the company would be taking inspiration from Netherlands-based Swedish home products manufacturing firm IKEA, and aims at introducing new products this year.

Mr. Chopra explained that initially customers were hesitant to buy home products online but FabFurnish ensures that these consumers get the best value and wider range of products, which has led to the company’s growth.

The home products retailer aims to boost sales up to Rs. 2 billion by September 2014, and hopes to end the year with revenue of Rs. 1.8 to 2.2 billion, about 3.5 times more than 2013, he added.

Mr. Chopra informed that the Gurgaon-based firm is looking to add 1,000 products every week to its catalogue of 60,000 items, and is also looking to add 8 to 10 stores under the franchise model in places like Hyderabad, Pune and Chandigarh, by the end of the year.

The two-day Indian e-Retail Congress 2014, was organized by the Franchise India consultancy firm in the city of Gurgaon, with the objective of providing a platform for e-retailers in the country in order to share their vision and ideas with industry leaders, to combat problems faced by them.

A venture of Rocket Internet, FabFurnish is India’s leading online home store, featuring interesting range of tastefully picked home products, including home textiles, from across the globe, available at reasonable prices.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search