Hopscotch turns profitable, eyes Rs 1,000-crore yearly revenue
Kids’ fashion brand Hopscotch said it has achieved profitability with a current annualised GMV (gross merchandise value) of Rs 650 crore.
The firm, backed by investors such as Facebook co-founder Eduardo Saverin, Lionrock Capital, and Weihua Yan (ex-CTO and co-founder of Quidsi that operated Diapers.com), is eyeing over Rs 1,000 crore in annualised revenue in CY22.
The company has claimed to have grown from Rs 100 crore to Rs 500 crore in the past 5 years. Hopscotch said it aspires to scale its business 10x in five years with double-digit EBITDA and high capital efficiency.”
The success of Hopscotch has been an outcome of several areas, namely a relentless focus on offering Indian parents an assortment at unbeatable prices,” said founder and CEO, Rahul Anand.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
