Online apparel retailer Zovi.com is targeting a Rs 80-crore turnover by the end of this year on the back of product portfolio expansion and introduction of new categories.
The company, which has $15 million investments from private equity players Tiger Global and SAIF Partners, has also build warehouse facility in Bangalore and built a logistics chain of its own.
“In 2012, we are targeting turnover of Rs 75-80 crore,” Zovi.com Founder Mr Satish Mani told PTI.
At present, the portal sells apparel and accessories for men and women but the plan is to introduce new categories like kidswear and home furnishing items, he said.
The portal delivers around 1,200-1,500 items per day covering about 550 locations around India, according to Mr Mani.
Zovi.com had recently announced that Tiger Global and SAIF Partners had invested a further $10 million to help it set up back-end infrastructure.
“We have built a one lakh square feet warehouse in Bangalore and also set up own logistics network through which we deliver to 15 cities in India at present,” he said.
The portal also has tie-ups with third parties for product delivery. Zovi.com was launched in July 2011.