iStreet Network is eyeing to raise up to Rs 100 crore in a phased manner which shall be utilized for building fulfillment facility, upgrading the software for strengthening its backend technologies, introducing new opportunity to the network partners, operations and working capital.
The company has drawn plan to set up 1100 ‘iStreet Bazaar’ stores during financial year 2014-15 and take these numbers to 2800 by end of FY 2015-16.
iStreet Network had started with trading activities in 1995. The company has setup a multipurpose manufacturing plant in Gujarat to manufacture Active Pharmaceutical Ingredients (APIs) and Intermediates.
