Online fashion brand Teesort.com is looking at raising funds to support its business expansion plans and expecting a turnover of Rs 500 crore by 2020, as per a PTI report.
“We are looking at raising funds in order to expand fast. We are targeting Rs 500 crore turnover by 2020. We will achieve this by expanding in India and overseas,” Co-founder, Alok Agarwal, Teesort was quoted as saying to PTI.
At present, Teesort.com is fully owned by Alok Agarwal and Atul Agarwal who started the company in 2010. The company reported a turnover of Rs 100 crore in the previous fiscal.