McCoy Mart’s strategic expansion is driven by the thriving construction activities in these regions and the substantial market gap for accessible online construction products
McCoy Mart, India's leading digital marketplace for construction professionals focusing on construction and building materials announces significant expansion plans and revenue projections for the fiscal year 2024-2025. The company, currently operating in key cities across the Delhi/NCR and Chandigarh Tricity (Chandigarh, Mohali, Panchkula, Zirakpur) regions, is poised to broaden its footprint into South and West India over the next year.
McCoy Mart’s strategic expansion is driven by the thriving construction activities in these regions and the substantial market gap for accessible online construction products. With a well-established customer base of over 1,000 active clients in Delhi/NCR, McCoy Mart has fine-tuned its supply chain to efficiently capture and serve these emerging markets.
"Our entry into new markets is not just about expansion; it's about changing the way construction professionals access the products and services they need. With our current base of 25,000 registered customers, we aim to grow this number to 100,000 professionals in the coming year. This growth will solidify our position as a leading player in the industry." said Amit Malhotra, Founder and CEO, McCoy Mart.
The company has set a revenue target of Rs 100 Crore for the fiscal year 2024-2025, marking a significant milestone as this is the inaugural year of commercial operations for its B2B segment.
"We're excited to bring McCoy Mart's offerings to new regions, particularly where the demand for construction products is rapidly increasing. Our growth strategy is rooted in our commitment to providing unmatched convenience and efficiency to our customers," said Rahul Sahani, Co-Founder and COO, McCoy Mart.
McCoy Mart’s planned expansion into South and West India is expected to significantly enhance the company's reach and customer base, positioning it for sustained growth in the construction sector. The company’s leadership is confident that these strategic moves will not only drive revenue growth but also establish McCoy Mart as a go-to platform for construction professionals across India.
