Food & grocery retailer Ratnadeep Super Market ventures into Bengaluru

Hyderabad-based Ratnadeep Super Market has launched a 5,000 sq ft outlet in Indiranagar, foraying into the Bengaluru market.

The food and grocery retailer is aiming to launch 5 more stores in Bengaluru at Indiranagar, Koramangala, Whitefield, Mahadevpura, and HSR Layout.

Sandeep Aggarwal, Managing Director, Ratnadeep Super Market, said, “We have earmarked around Rs 75 crore to almost double our network to more than 80 stores, which will be spread across Bengaluru and Tier II & III cities of Telangana and Andhra Pradesh. At present, Ratnadeep has 54 stores spread across Hyderabad and Secundrabad.”

The brand plans to launch 100 stores nationwide by the end of 2020. It is further eyeing to open at least 500 stores across India over the next 3 years.

Apart from this, Ratnadeep Super Market also looks to foray into the affordable gourmet format, with a strong ROI-based model.

Manish Bhartiya, Director of Ratnadeep Super Market, stated, “We are looking at Rs 100 crore revenue this fiscal and for this, we are betting big on our private labels along with fresh fruits and vegetables.”