New Delhi, Dec 3 (PTI) Flower delivery service networkInterflora India is eyeing Rs 200 crore turnover by fiscal2021 as it plans to expand its presence in top 15 citiesacross the country.
Interflora, which launched operation in India in Octoberthis year through a licence agreement with gifting firm IGP,plans to open 100 stores across top 10 cities by the end of2018.
"We are targeting to delivering revenue of Rs 200 croreby year 2020-21. Over the next 12 months, we would capturemarket in top 10 cities, which accounts for 80 per cent offlower deliveries," Interflora India President and CEO TarunJoshi told PTI.
"Over the next three years, we will have presence in top15 cities in India and we will focus on them to drive sales,"he added.
The company is looking at operations in cities such asMumbai, Delhi, Bangalore, Chennai, Hyderabad, Kolkata,Ahmedabad and Pune in the next 12 months.
Joshi said he is also in talks with investors to raiseUSD 10 million by end of this fiscal.
"We are looking at investing about USD 10 million in the12 months period to expand our operations. This investmentwill go in setting up offline stores, flower factories andcold chain network to maintain quality promised byInterflora," he added. PTI SVKBAL.
This is unedited, unformatted feed from the Press Trust of India wire.