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1-India Family Mart

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1-India Family Mart
Company typePrivate
IndustryRetail
Founded
  • 2012; 13 years ago (2012)
FounderJay Prakash Shukla and Ravinder Singh
HeadquartersDelhi, India
Number of locations
100 Stores (November 21, 2019)[1]
Area served
India
Key people
OwnerNysaa Retail Pvt. Ltd.[2]
Website1indiafamilymart.com

1-India Family Mart is a chain of value retail stores in India operated by Nysaa Retail Pvt. Ltd.[3][4] The chain has the total of 100 stores across East and North of India.[5] 1-India Family Mart has established the first store in Uttar Pradesh and later has expanded operations across Bihar, Chhattisgarh, Uttrakhand, Jharkhand, Madhya Pradesh, Odisha and the North East.[6][7]

History

1-India Family Mart was established in 2012[8][9] and began operations in 2013. The retail chain was co-founded by Jay Prakash Shukla and Ravinder Singh.[2] Nysaa Retail Pvt. Ltd. is the parent company of 1-India Family Mart.[2]

Funding

In 2017, 1-India Family Mart has raised a funding of $6.5 million (42.5 crore) from domestic private equity fund Carpediem Capital.[2][5][6][10][11] In May 2019, company got its second round funding as external debt of amount 20 crore by a consortium led by APAC Financial Service.[12][13]

See also

References

  1. ^ "Retail Chain 1-India Family Mart in talks with PE players for fund raising; eyes IPO in 2021". Moneycontrol. Retrieved 29 July 2019.
  2. ^ a b c d Kurup, Rajesh. "Nysaa Retail plans to invest 200 cr to open 100 more stores across India". Business Line. Retrieved 1 August 2018.
  3. ^ "Retail Chain 1-India Family Mart in talks with PE players for fund raising; eyes IPO in 2021". Money Control. Retrieved 29 July 2019.
  4. ^ "व्यावसायिक प्रगति की ओर बढ़ रहा लातेहार : भारती" (in Hindi). Dainik Jagran. Retrieved 1 August 2018.
  5. ^ a b "1-India Family Mart Launches the 50th Flagship Store in Ranchi". BusinessWorld. Retrieved 1 August 2018.
  6. ^ a b Dutta, Vishal. "Carpediem capital PE invests Rs 41.5 crore in 1-India Family Mart". The Economic Times. Retrieved 1 August 2018.
  7. ^ "1-India Family Mart draws up 200 crore expansion plan". The Hindu. Retrieved 1 August 2018.
  8. ^ www.ETBrandEquity.com. "Apparel makers ring in an early festive season thanks to tax sops; consumer spend set to rise - ET BrandEquity". ETBrandEquity.com. Retrieved 7 May 2020.
  9. ^ Dutta, Vishal (26 February 2019). "Nysaa hires former ShopClues, V-Mart CFO to head group finance". The Economic Times. Retrieved 7 May 2020.
  10. ^ "Carpediem Capital invests USD 6.5 mn in 1-India Family Mart - Asian News International". Asian News International. 18 January 2018. Retrieved 1 August 2018.
  11. ^ "Carpediem Capital invests USD 6.5 mn in 1-India Family Mart". Business Standard. Retrieved 1 August 2018.
  12. ^ Dubey, Sandeep (2 May 2019). "1-India Family Mart raises debt funding of Rs 20 cr". ET Retail. Retrieved 30 July 2019.
  13. ^ India, Press Trust of (2 May 2019). "1-India Family Mart raises Rs 20 cr". Business Standard India. Retrieved 30 July 2019.


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