In the long-term, Hopscotch is planning to scale its business by 10X in the next five years with strong double-digit EBITDA and industry-leading high capital efficiency.
February 01, 2022
Hopscotch, a Mumbai-based D2C kidswear business, has announced its profitability with a current annualised GMV of INR 650 crores. The business has grown from strength to strength from INR 100 crore to INR 500 crore in the span of five years. The children’s clothing brand is now eyeing the INR 1000+ crore-mark in annualized revenue by the end of this year.
Speaking on the value proposition and the distinctive strengths of Hopscotch, Mr. Rahul Anand, Founder & CEO, Hopscotch, said “Hopscotch’s success has been an outcome of investments in several areas. In a rapidly changing fashion universe, Hopscotch leverages machine learning to identify what the consumer wants and serve them the top trends they desire before anyone else.”
Moving forward, Hopscotch is planning to scale its business by 10X in the next five years with strong double-digit EBITDA and industry-leading high capital efficiency, the company said in a press statement.
He further added, “We will keep investing and showcasing our storefront to drive awareness around our expanded catalog and ease of shopping. Our prime mission is to provide a seamless experience to access unique selections, packaging, and after-sales promise.”
Recently, Flipkart had teamed up with Hopscotch in a bid to make the kids’ fashion platform’s wide range available across the country through e-commerce.