Sequoia Capital to invest Rs 120 cr in Cotton County

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Sequoia Capital to invest Rs 120 cr in Cotton County

Post  Anand on Tue Aug 26, 2008 11:29 pm

MUMBAI: Embarking on an aggressive expansion plan for its flagship brand Cotton County, Cotton County Retail Ltd will receive an investment of Rs 120 crore from Sequoia Capital India, which manages $1.1 billion in funds.

Cotton County, engaged in ready-to-wear apparel retail business, is an integrated player across the entire value chain of manufacturing and retailing. It has a presence in over 350 cities. With existing more than 500 exclusive outlets, Cotton County is planning to increase its retail footprint to over 1,000 stores by 2010.

Kamal Oswal, Vice Chairman and Managing Director, Cotton County Retail said, "the investment will be used to consolidate the market leadership position of our brand, and its foray into newer segments."

Anand

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