Bangalore: Chennai-based mobile phone retailer UniverCell has set up seven stores in Bangalore.
The company is targeting a turnover of Rs700 crore for the current financial year, and is looking to ramping up to a pan-India presence in the coming two years.
UniverCell has 42 stores in Tamil Nadu, and sells around 40,000 handsets a month. It has planned 100 stores in south India by the end of September 2007.
The company claims a tally of 15 lakh customers, and posted a turnover of Rs120 crore in '07.
It is said to be in talks with private equity funds for investment to fund its accelerated expansion plans.