Citykart Appoints Rohit Goyal as Chief Financial Officer for Strategic Expansion

Citykart, a value fashion retailer, has announced the appointment of Rohit Goyal as its Chief Financial Officer, as the company seeks to accelerate growth in emerging markets. Goyal’s role involves collaborating with the leadership team to enhance the next phase of the company’s growth while reinforcing financial discipline and governance.

Key Responsibilities of Rohit Goyal

In his position, Goyal will focus on improving profitability, managing relationships with investors and banks, and advancing the company’s digital transformation through data-driven financial systems. Furthermore, he aims to build a robust finance team and enhance accountability within various functions.

Experience and Background

With over 20 years of experience, Goyal has held significant roles in renowned companies including GlobalBees, OYO Hotels and Homes, Rivigo, Bharti Airtel, PepsiCo, and LG Electronics. His extensive background includes spearheading finance transformation, strategic planning, and operational initiatives within these organisations.

Citykart’s Focus on Affordable Fashion

Citykart is committed to providing affordable fashion to consumers in tier II, tier III, and tier IV markets. In May of the previous year, the company successfully raised Rs 538 crore in a Series B funding round, led by TPG NewQuest and A91 Partners.

Future Plans for Expansion

With a growth rate exceeding 40%, Citykart aims to expand its retail presence and enhance its operations across smaller cities.