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Spinach Outlays Rs 400 crore For Expansion
May - June Issue, 2008 (Vol 5. Issue 2.)
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Wadhawan group’s retail arm is taking over a number of ailing retail outlets such as S-Mart in Bangalore, Mumbai’s home delivery service Sangam Direct, Maratha Co-operative Store, Delhi-based Home Market and Sabka Bazar. This acquisition had helped fresh food retailing brand of the group Spinach to grow to 165 stores. “We are expanding to 10 more cities this year, with a budget close to Rs 400 crores, said Spinach CEO Pushpamitra Das. He added, “We will merge our distribution centres, connect all our new stores to a call centre and reduce home delivery time from 24 hours to 6 hours and eventually two hours.”