Future Group sees 10 bln rupees rev from e-commerce venture

Newswire

MUMBAI, Sept 30 (Reuters) - India's Future Group, which runs the country's top-listed retailer Pantaloon Retail , expects to clock 10 billion rupees revenue from its e-commerce venture in 18-24 months, a top official said on Thursday. The company expects gross margins of 10-12 percent from its e-commerce venture futurebazaar.com, said Kishore Biyani, group chief executive officer. "The idea is to sell goods at a much lower cost on this platform than we can sell through our physical ...

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