Citykart Retail raises $14m from IDFC Alternatives, India SME Investments

Citykart Retail Pvt. Ltd , a value apparel retail chain, on Thursday said it has raised 100 crore in equity from IDFC Alternatives and India SME Investments for a significant minority stake. The Delhi-based company said it plans to add 100 new stores and grow its revenue four-fold over the next few years. This is the first external round of funding for Citykart.

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