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People · Commerce & Consumer Brands

Citykart appoints Rohit Goyal as CFO

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Date
Company
Citykart
What it does
Value fashion retailer
Kind
People
Sector
Commerce & Consumer Brands

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.

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