The MobileStore plans to add 700 outlets in the next six months. The company already has 1,200 outlets across 200 cities.
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The company has already started the process of adding 200 stores and has around 100 stores in the pipeline. To speed up the process, it has adopted the franchise model in tier-2 and tier-3 cities and towns. The model will help the company add around 500-600 stores, leveraging the existing supply chain system which has already been set up by the company.
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In addition to increasing the number of outlets, the company is planning to scale up by way of acquisitions. The company is in discussion with a national-level retail player and is conducting due diligence on the deal. It is also in talks with three retailers at the regional level to acquire assets.
