28 March 2022, Mumbai:
Founded in August 2016, Madbow Ventures aims to achieve revenues of Rs 100- 120 crore in the next 18-24 months.
The company is closing the FY 21-22 with GMV of Rs 35 crore with majority of the revenue coming from its own websites.
The company also plans to enter into the offline market and is looking to diversify itself into omnichannel brands.
_large.jpeg)
ALSO READ Madbow Ventures Ltd Eyes ambitious Revenue in coming two years
Keeping this in mind, it has already initiated with MBOs (Multi Brand Outlets) and done some strategic tie-ups with retail chains.
MadBow is also planning to launch its own EBOs (Exclusive Brand Outlets).
It is eyeing 100+ MBO stores and 10 EBOs by the end of 2022.
RELATED NEWS ICRA: Footwear industry revenues to keep growing till 2023
Founded by Naveen Mahlawat in August 2016, Madbow Ventures has a few in- house brands catering to lifestyle and fashion like stalkbae.com, streetstylestalk.com, slaydeal.com, lovedamoda, and SlayXO.com.
Besides, it is also a platform that helps other acquired D2C brands and moves them to scale at a fast pace with the help of technology, marketing, and operations to make a successful business.
Join our community on Linkedin
