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Fabmart goes international with jewellery store

23-November-2001
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Fabmart goes international with jewellery store

Fabmart recently went international with its jewellery store. The site is expected to break even in December this year. The e-tailing site is also considering the option of starting apparel, gifts or consumer durable store in the near future.

The e-tailing site has eight stores-grocery, books, music, toys, jewellery, computer, watch and movie store. The site was funded by Reliance in the first round of Rs 5.5 crore and received its second round of funding of Rs 20 crore by Chrysalis and Reliance in May last year. Overall break even for the site is likely to be by April 2003.

The gorcery store is operational only in four cities—Bangalore, Chennai, Hyderabad and Pune. Fabmart is also contemplating to bring the grocery store in Mumbai and Delhi.

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