Ace Turtle targets Rs 1,000 crore revenue by FY28

Apparel manufacturing and retail business Ace Turtle is targeting Rs 1,000 crore in revenue by the 2028 financial year. The business aims to almost double its revenue and continue to expand its brands in India including Dockers, Lee, Wrangler, and Toys “R” Us among others.

“The company’s long-term vision aims to grow each of our brands to Rs 500 crore by FY 2035,” said Ace Turtle’s chief executive officer Nitin Chhabra, India Retailing reported. “To support these ambitious goals, Ace Turtle plans to commence its Series C fundraising round in early 2025.”

The business is also working on continuing to ameliorate its technology and is working with Google Cloud and Amazon Web Services. Ace Turtle however aims to reduce its technology costs in the future.

“I believe costs will continue to decrease, though I do have some concerns about rising cloud costs,” said Chhabra. “That’s something our team is focusing on this year- balancing operational expenses while leveraging technology effectively.”

Ace Turtle retails the brands Lee and Wrangler in India and both achieved profitability in the 2024 financial year. In the 2023 fiscal year, Ace Turtle reported a 100% year on year increase in revenue as its topline increased by 30%.