V-Mart Retail is planning to invest up to Rs 70 crore to open around 40 stores in 2020-21. The company already has 260 stores in almost 195 locations across the country, largely in tier-2 and 3 cities.
V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family.