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 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search