18 October 2022, Mumbai:
V-Mart acquires e-commerce startup LimeRoad for Rs 31 crore.
LimeRoad clocked net revenue of Rs 179.95 crore in 2019-2020, which dropped to Rs 69 crore in 2021-2022. It further plans to invest Rs 150 crore to scale and achieve sustained profitability, said the company in a regulatory filing.
About LimeRoad
Limeroad is an Indian online marketplace, owned by A. M. Marketplaces Pvt Ltd. The company is based in Gurugram, Haryana.
About VMart
Founded in 2002, V-Mart is a complete family retail store chain offering apparel, footwear, and accessories for men, women, and kids. The company has close to two decades of experience now in providing high-quality affordable fashion.
(CREDITS: Money Control. The news article has not been edited by DFU Publications staff)
