Hong Kong-based Nexstgo plans to invest Rs 10 cr for India expansion
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Hong Kong-based Nexstgo plans to invest Rs 10 cr for India expansion

Nexstgo is planning to invest Rs 8-10 crore this fiscal for expansion of its retail presence in India. The Hong Kong-based organisation eyes opening 50 exclusive brand outlets in the top 10 Indian cities by December this year.  

Currently, Nexstgo has four brand stores in the country. The company had launched its range of laptops in India in January 2019.

Alex Chung, CEO & Co-Founder, Nexstgo Company Limited, said, “Our first few months in the Indian market have shown a great potential for growth via expanded presence. We aim to have an omni-channel presence to maximize our visibility with an equal focus on offline and online sales.”

''We intend on opening another 50 exclusive brand outlets and adding two new products to our portfolio by Diwali this year across the country. We aim to sell one lakh product units in India by December 2019. With Nexstgo, we bring next-generation laptops to meet the ever-changing needs of young professional users,'' he added. 

The company sold close to 20,000 laptops in India so far. It is targeting another 100,000 unit sales in the next six months. 

Seema Bhatnagar, Country General Manager for Nexstgo, also stated, “We have just started selling smart mirrors. We are targeting all the three-star and four-star hotels. There is a huge demand in the market for IoT. You will see us launching many more products in the IoT segment.”

 
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