People · Commerce & Consumer Brands
Citykart appoints Rohit Goyal as CFO
By Startup Enthusiast ·
- Date
- Company
- Citykart
- What it does
- Value fashion retailer
- Kind
- People
What they do
Citykart is a value fashion retailer focused on Tier II, III and IV markets
What happened
It has appointed Rohit Goyal as CFO; he brings over 20 years of experience from GlobalBees, OYO and Rivigo
Why it matters
The company, growing over 40%, raised a Rs 538 crore Series B last year from TPG NewQuest and A91 Partners
The details
- Citykart has appointed Rohit Goyal as its new CFO.
- Rohit Goyal has over 20 years of experience in finance and leadership roles.
- His previous roles include positions at GlobalBees, OYO Hotels and Homes, Rivigo, Bharti Airtel, PepsiCo and LG Electronics.
- He will focus on profitability, strengthening investor and banking relationships, and building digital financial systems.
- He also plans to build a strong finance team and improve accountability across the company.
- Citykart is growing at over 40% and raised a Rs 538 crore Series B round last year.
The bigger picture
- The appointment comes as Citykart aims to solidify its dominance in smaller cities and expand its retail footprint.
- The company's strong growth rate and recent large funding round signal it is scaling aggressively.
About the business
- Citykart is a value fashion retailer targeting Tier II, Tier III and Tier IV markets in India.
- The company has been growing at over 40%, indicating strong demand in its target markets.
- It raised Rs 538 crore in a Series B round last year from TPG NewQuest and A91 Partners.
- Citykart plans to expand its retail footprint and strengthen its position in smaller cities.
What happens next
- Rohit Goyal will focus on profitability and building digital financial systems.
- Citykart plans to expand its retail footprint and solidify dominance in smaller cities.
About Citykart
- Product
- Affordable apparel, fashion accessories, and general merchandise.
- Customers
- Value-conscious consumers in India's Tier II, Tier III, and peri-urban regions.
- How it makes money
- Direct retail sales through a network of physical brick-and-mortar stores.
- What sets it apart
- Strong presence and localized assortment in underserved regional markets like Uttar Pradesh and Bihar.
- Operations
- Operates over 130 retail stores, managing regional supply chains and expanding into new states.
Other articles talking about it
Same day
- Third Wave Coffee opens first Agra cafe31 March 2026 · Launch
- Future Wealth Investments launches debut $50 million fund31 March 2026 · New fund · $50 million
- Razorpay launches Passkey biometric authentication31 March 2026 · Launch
- Mental health startup Amaha raises ₹50 crore in Series A round at 2X valuation premium31 March 2026 · Partnership
- Khetika reports ₹247 Cr revenue, targets ₹350 Cr by end of this fiscal31 March 2026 · Milestone
- Cropcoin raises ₹12 crore to expand in Bihar and Jharkhand31 March 2026 · Funding · ₹12 crore