Cotton County gets funding worth Rs 120 crore from Sequoia Capital
Ludhiana-based Cotton County Retail has informed that it has received Rs 120 crore fund infusion from a private equity firm, Sequoia Capital India. . The company intends to use funds for expansion. According to sources, the investment will be used to consolidate the market leadership of its Cotton Country brand and its foray into newer segments. Cotton County, engaged in ready-to-wear apparel retail business, is an integrated player across the entire value chain of manufacturing and retailing. Presently, the company has more than 500 exclusive brand outlets across 350 cities. The company plans to increase its retail footprint to over 1,000 stores by FY 10.