At present, MM! Maroosh operates seventeen stores in Mumbai. Our target is to open a total of 35 stores in Mumbai by March 31, 2015. After that, we will go for a pan-India expansion.
Alongside this we plan to centralise our production and tighten our systems and processes, namely information technology, training, etc. We plan to invest approximately Rs 15 crore in the next two years.
Where did we get the funds to facilitate this? We were valued at Rs 50 crore, and raised funds from Unilazer Ventures, whose promoter is Ronnie Screwvala. As I’ve mentioned earlier, what Ronnie brings to the table is not just money, but also value creation for our brand. Getting our back-end and ecosystem right is crucial as we look to expand!
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