1-India Family Mart
Online retailers of India
From Wikipedia, the free encyclopedia
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 81 cities of East and North of India.[5][6] 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.[7][8]
| |
Company type | Private |
|---|---|
| Industry | Retail |
| Founded |
|
| Founder | Jay Prakash Shukla and Ravinder Singh |
| Headquarters | Delhi, India |
Number of locations | 100 Stores (21 November 2019)[1] |
Area served | India |
Key people |
|
| Owner | Nysaa Retail Pvt. Ltd.[2] |
| Website | 1indiafamilymart |
History
1-India Family Mart was established in 2012[9][10] 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] 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[11]
It is engaged in the business of selling fashion apparel, lifestyle products and general merchandise through stores.[12]
In 2022, a Mumbai-based ethnic apparel manufacturer Suumaya Industries bought a minority stake in its parent company Nysaa Retail.[12]
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][7][13][14] In May 2019, company got its second round funding as external debt of amount 20 crore by a consortium led by APAC Financial Service.[15][16]
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).[17][12]
