Online retailers of India
1-India Family Mart is a chain of value retail stores in India operated by Nysaa Retail Pvt. Ltd. The chain has the total of 100 stores across 81 cities of East and North of India. 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.
History.
1-India Family Mart was established in 2012 and began operations in 2013. The retail chain was co-founded by Jay Prakash Shukla and Ravinder Singh. Nysaa Retail Pvt. Ltd. is the parent company of 1-India Family Mart. 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
It is engaged in the business of selling fashion apparel, lifestyle products and general merchandise through stores.
In 2022, a Mumbai-based ethnic apparel manufacturer Suumaya Industries bought a minority stake in its parent company Nysaa Retail.
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. In May 2019, company got its second round funding as external debt of amount 20 crore by a consortium led by APAC Financial Service.
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).
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