Home Retail More Fresh@ stores form Heritage Foods

    More Fresh@ stores form Heritage Foods

    By  
    SHARE

    With an estimated investment of around Rs 50 lakh per outlet, Hyderabad-based (HFIPL) is planning to open about 50 more ‘Fresh@’ grocery stores by next year in cities including Hyderabad, Chennai and Bengaluru.

    Confirming this, Heritage Foods president said, “Our idea is to open about 50 retail outlets in each of these cities in a year from now.” The company presently operates 30 Fresh@ stores in Hyderabad, and 22 each in Chennai and Bengaluru. The company had raised about Rs 35 crore from private equity last year, and intends to do the same for further expansion.

    HFIPL has also entered into a bilateral agreement with for supply of commodities, and is joining hands with similar strategic partners for its supply chain management.