PE funding for Bombay store

The Bombay Store will be taking up the private equity route this year to raise around Rs 25 crore. The motive behind the same is to expand its retail network and improve visibility.

“The plan is to take up the store count to 40 in the next three years and reach the Rs 100-crore mark. We are looking for like-minded investors. We are also looking at increasing our store count through franchise and shop-in-shop formats,” Asim Dalal, Managing Director, The Bombay Store said.

“Food is an area we are looking at. We plan to launch private labels in jam, pastes and similar stuffs,” added Dalal.