Template:Infobox company
1-India Family Mart is a chain of value retail stores in India operated by Nysaa Retail Pvt. Ltd.[1][2] The chain has the total of 100 stores across 81 cities of East and North of India.[3][4] 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.[5][6]
History
1-India Family Mart was established in 2012[7][8] and began operations in 2013. The retail chain was co-founded by Jay Prakash Shukla and Ravinder Singh.[9] Nysaa Retail Pvt. Ltd. is the parent company of 1-India Family Mart.[9] JP Shukla CEO and co founder of family mart is also known to be very fond of poetry and is a fan of T. S. Eliot's work[10]
It is engaged in the business of selling fashion apparel, lifestyle products and general merchandise through stores.[11]
In 2022, a Mumbai-based ethnic apparel manufacturer Suumaya Industries bought a minority stake in its parent company Nysaa Retail.[11]
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.[9][3][5][12][13] In May 2019, company got its second round funding as external debt of amount 20 crore by a consortium led by APAC Financial Service.[14][15]
In 2022 the company raised INR 50 crore as a part of Series B round of funding. The round was led by the Dubai-based Gulf Islamic Investments (GII).[16][11]
See also
References
- ↑ Retail Chain 1-India Family Mart in talks with PE players for fund raising; eyes IPO in 2021. Retrieved 29 July 2019.
- ↑ व्यावसायिक प्रगति की ओर बढ़ रहा लातेहार : भारती. Retrieved 1 August 2018.
- ↑ 3.0 3.1 1-India Family Mart Launches the 50th Flagship Store in Ranchi. Retrieved 1 August 2018.
- ↑ 1-India Family Mart in talks to raise funds, to open 40 new stores. FashionNetwork.com(30 July 2019). Retrieved 2020-06-28.
- ↑ 5.0 5.1 Carpediem capital PE invests Rs 41.5 crore in 1-India Family Mart. Retrieved 1 August 2018.
- ↑ 1-India Family Mart draws up 200 crore expansion plan. The Hindu. Retrieved 1 August 2018.
- ↑ Apparel makers ring in an early festive season thanks to tax sops; consumer spend set to rise - ET BrandEquity, www.ETBrandEquity.com. ETBrandEquity.com. Retrieved 2020-05-07.
- ↑ Nysaa hires former ShopClues, V-Mart CFO to head group finance. The Economic Times(2019-02-26). Retrieved 2020-05-07.
- ↑ 9.0 9.1 9.2 Nysaa Retail plans to invest 200 cr to open 100 more stores across India. Retrieved 1 August 2018.
- ↑ 1-India Family Mart CEO loves reading TS Eliot, feels his poems are complex, disruptive. The Economic Times. Retrieved 2021-01-07.
- ↑ 11.0 11.1 11.2 1-India Family Mart raises Rs 50 crore in funding from Dubai-based Gulf Islamic Investments. The Economic Times. Retrieved 2022-08-22.
- ↑ Carpediem Capital invests USD 6.5 mn in 1-India Family Mart - Asian News International(18 January 2018). Retrieved 1 August 2018.
- ↑ Carpediem Capital invests USD 6.5 mn in 1-India Family Mart. Business Standard. Retrieved 1 August 2018.
- ↑ 1-India Family Mart raises debt funding of Rs 20 cr, Dubey, Sandeep. ET Retail(2019-05-02). Retrieved 2019-07-30.
- ↑ 1-India Family Mart raises Rs 20 cr. Business Standard India(2019-05-02). Retrieved 2019-07-30.
- ↑ GII invests ₹50 crore in 1-India Family Mart, Roy, Debjyoti. mint(2022-02-25). Retrieved 2022-08-22.