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MovieMart to invest Rs 50 crore in 2 years

Delhi-based online movie rental and buying company MovieMart.in is planning to invest Rs 50 crore in the next two years on the expansion and promotion of its services across India.

MovieMart intends to set up outlets in Mumbai, Bangalore, Chennai and Kolkata, and is also looking to enter tier-2 cities through the franchisee route.

Delhi-based online movie rental and buying company MovieMart.in is planning to invest Rs 50 crore in the next two years on the expansion and promotion of its services across India.

MovieMart intends to set up outlets in Mumbai, Bangalore, Chennai and Kolkata, and is also looking to enter tier-2 cities through the franchisee route.

Suresh Mansharmani, chairman, MovieMart.in, has said, “Currently, MovieMart is based on an online model, but we have plans to take our services offline in cities where they will receive an increased demand.” [Source: Afaqs]

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