1-India Family Mart: Difference between revisions

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{{Short description|Online retailers of India}}
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{{Use dmy dates|date=July 2019}}
{{Infobox company
{{Infobox company
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| homepage = {{URL|https://1indiafamilymart.com}}
| homepage = {{URL|https://1indiafamilymart.com}}
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'''1-India Family Mart''' is a chain of value [[retail stores]] in [[India]] operated by Nysaa Retail Pvt. Ltd.<ref>{{cite news|title=Retail Chain 1-India Family Mart in talks with PE players for fund raising; eyes IPO in 2021|publisher=Money Control|url=https://www.moneycontrol.com/news/business/retail-chain-1-india-family-mart-in-talks-with-pe-players-for-fund-raising-eyes-ipo-in-2021-4259911.html|access-date=29 July 2019}}</ref><ref>{{cite news|title=व्यावसायिक प्रगति की ओर बढ़ रहा लातेहार : भारती|url=https://www.jagran.com/jharkhand/latehar-one-india-family-mart-open-in-latehar-17673784.html|publisher=[[Dainik Jagran]]|language=hi|access-date=1 August 2018}}</ref> The chain has the total of 100 stores across 81 cities of East and North of India.<ref name="businessworld">{{cite news|title=1-India Family Mart Launches the 50th Flagship Store in Ranchi|url=http://bwdisrupt.businessworld.in/article/1-India-Family-Mart-Launches-the-50th-Flagship-Store-in-Ranchi/02-04-2018-145101/|publisher=[[BusinessWorld]]|access-date=1 August 2018}}</ref><ref>{{Cite web|title=1-India Family Mart in talks to raise funds, to open 40 new stores|url=https://in.fashionnetwork.com/news/1-india-family-mart-in-talks-to-raise-funds-to-open-40-new-stores,1124756.html|access-date=2020-06-28|website=FashionNetwork.com|language=en-IN}}</ref> 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.<ref name="economictimes">{{cite news|last1=Dutta|first1=Vishal |title=Carpediem capital PE invests Rs 41.5 crore in 1-India Family Mart|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/carpediem-capital-pe-invests-rs-41-5-crore-in-1-india-family-mart/articleshow/62549232.cms|publisher=[[The Economic Times]]|access-date=1 August 2018}}</ref><ref>{{cite news|title=1-India Family Mart draws up 200 crore expansion plan|url=https://www.thehindu.com/business/1-india-family-mart-draws-up-200-crore-expansion-plan/article24146981.ece|publisher=[[The Hindu]]|access-date=1 August 2018}}</ref>
'''1-India Family Mart''' is a chain of value [[retail stores]] in [[India]] operated by Nysaa Retail Pvt. Ltd.<ref>{{cite news|title=Retail Chain 1-India Family Mart in talks with PE players for fund raising; eyes IPO in 2021|publisher=Money Control|url=https://www.moneycontrol.com/news/business/retail-chain-1-india-family-mart-in-talks-with-pe-players-for-fund-raising-eyes-ipo-in-2021-4259911.html|access-date=29 July 2019}}</ref><ref>{{cite news|title=व्यावसायिक प्रगति की ओर बढ़ रहा लातेहार : भारती|url=https://www.jagran.com/jharkhand/latehar-one-india-family-mart-open-in-latehar-17673784.html|publisher=[[Dainik Jagran]]|language=hi|access-date=1 August 2018}}</ref> The chain has the total of 100 stores across 81 cities of East and North of India.<ref name="businessworld">{{cite news|title=1-India Family Mart Launches the 50th Flagship Store in Ranchi|url=http://bwdisrupt.businessworld.in/article/1-India-Family-Mart-Launches-the-50th-Flagship-Store-in-Ranchi/02-04-2018-145101/|publisher=[[BusinessWorld]]|access-date=1 August 2018}}</ref><ref>{{Cite web|title=1-India Family Mart in talks to raise funds, to open 40 new stores|url=https://in.fashionnetwork.com/news/1-india-family-mart-in-talks-to-raise-funds-to-open-40-new-stores,1124756.html|access-date=2020-06-28|website=FashionNetwork.com|date=30 July 2019 |language=en-IN}}</ref> 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 [[Northeast India|North East]].<ref name="economictimes">{{cite news|last1=Dutta|first1=Vishal |title=Carpediem capital PE invests Rs 41.5 crore in 1-India Family Mart|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/carpediem-capital-pe-invests-rs-41-5-crore-in-1-india-family-mart/articleshow/62549232.cms|publisher=[[The Economic Times]]|access-date=1 August 2018}}</ref><ref>{{cite news|title=1-India Family Mart draws up 200 crore expansion plan|url=https://www.thehindu.com/business/1-india-family-mart-draws-up-200-crore-expansion-plan/article24146981.ece|work=[[The Hindu]]|access-date=1 August 2018}}</ref>


== History ==
== History ==
1-India Family Mart was established in 2012<ref>{{Cite web|title=Apparel makers ring in an early festive season thanks to tax sops; consumer spend set to rise - ET BrandEquity|url=https://brandequity.economictimes.indiatimes.com/news/industry/apparel-makers-ring-in-an-early-festive-season-thanks-to-tax-sops-consumer-spend-set-to-rise/71303603|last=www.ETBrandEquity.com|website=ETBrandEquity.com|language=en|access-date=2020-05-07}}</ref><ref>{{Cite news|last=Dutta|first=Vishal|date=2019-02-26|title=Nysaa hires former ShopClues, V-Mart CFO to head group finance|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/nysaa-hires-former-shopclues-v-mart-cfo-to-head-group-finance/articleshow/68163253.cms|access-date=2020-05-07}}</ref> and began operations in 2013. The retail chain was co-founded by Jay Prakash Shukla and Ravinder Singh.<ref name="thehindubusinessline">{{cite news|last1=Kurup|first1=Rajesh |title=Nysaa Retail plans to invest 200 cr to open 100 more stores across India|url=https://www.thehindubusinessline.com/news/nysaa-retail-plans-to-invest-200-cr-to-open-100-more-stores-across-india/article24138439.ece|publisher=[[Business Line]]|access-date=1 August 2018}}</ref>  Nysaa Retail Pvt. Ltd. is the parent company of 1-India Family Mart.<ref name="thehindubusinessline"/> JP Shukla CEO and co founder of family mart is also known to be very fond of poetry and is a fan of TS Elliot's work<ref>{{Cite news|last=Rebello|first=Maleeva|title=1-India Family Mart CEO loves reading TS Eliot, feels his poems are complex, disruptive|work=The Economic Times|url=https://economictimes.indiatimes.com/magazines/panache/1-india-family-mart-ceo-loves-reading-ts-eliot-feels-his-poems-are-complex-disruptive/articleshow/76980969.cms|access-date=2021-01-07}}</ref>
1-India Family Mart was established in 2012<ref>{{Cite web|title=Apparel makers ring in an early festive season thanks to tax sops; consumer spend set to rise - ET BrandEquity|url=https://brandequity.economictimes.indiatimes.com/news/industry/apparel-makers-ring-in-an-early-festive-season-thanks-to-tax-sops-consumer-spend-set-to-rise/71303603|last=www.ETBrandEquity.com|website=ETBrandEquity.com|language=en|access-date=2020-05-07}}</ref><ref>{{Cite news|last=Dutta|first=Vishal|date=2019-02-26|title=Nysaa hires former ShopClues, V-Mart CFO to head group finance|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/nysaa-hires-former-shopclues-v-mart-cfo-to-head-group-finance/articleshow/68163253.cms|access-date=2020-05-07}}</ref> and began operations in 2013. The retail chain was co-founded by Jay Prakash Shukla and Ravinder Singh.<ref name="thehindubusinessline">{{cite news|last1=Kurup|first1=Rajesh |title=Nysaa Retail plans to invest 200 cr to open 100 more stores across India|url=https://www.thehindubusinessline.com/news/nysaa-retail-plans-to-invest-200-cr-to-open-100-more-stores-across-india/article24138439.ece|publisher=[[Business Line]]|access-date=1 August 2018}}</ref>  Nysaa Retail Pvt. Ltd. is the parent company of 1-India Family Mart.<ref name="thehindubusinessline"/> 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<ref>{{Cite news|last=Rebello|first=Maleeva|title=1-India Family Mart CEO loves reading TS Eliot, feels his poems are complex, disruptive|work=The Economic Times|url=https://economictimes.indiatimes.com/magazines/panache/1-india-family-mart-ceo-loves-reading-ts-eliot-feels-his-poems-are-complex-disruptive/articleshow/76980969.cms|access-date=2021-01-07}}</ref>
 
It is engaged in the business of selling fashion apparel, lifestyle products and general merchandise through stores.<ref name=":0" />
 
In 2022, a Mumbai-based ethnic apparel manufacturer Suumaya Industries bought a minority stake in its parent company Nysaa Retail.<ref name=":0" />


== Funding ==
== 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.<ref name="thehindubusinessline"/><ref name="businessworld"/><ref name="economictimes"/><ref>{{cite news|title=Carpediem Capital invests USD 6.5 mn in 1-India Family Mart - Asian News International |url=https://www.aninews.in/news/business/business/carpediem-capital-invests-usd-65-mn-in-1-india-family-mart201801181604180001/|publisher=[[Asian News International]]|date=18 January 2018|access-date=1 August 2018}}</ref><ref>{{cite news|title=Carpediem Capital invests USD 6.5 mn in 1-India Family Mart|url=https://www.business-standard.com/article/news-ani/carpediem-capital-invests-usd-6-5-mn-in-1-india-family-mart-118011800810_1.html|newspaper=[[Business Standard]]|access-date=1 August 2018}}</ref> In May 2019, company got its second round [[funding]] as external debt of amount 20 crore by a consortium led by APAC Financial Service.<ref>{{Cite web|url=https://retail.economictimes.indiatimes.com/news/industry/1-india-family-mart-raises-debt-funding-of-rs-20-cr/69143190|title=1-India Family Mart raises debt funding of Rs 20 cr|last=Dubey|first=Sandeep|date=2019-05-02|website=ET Retail|language=en|access-date=2019-07-30}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/pti-stories/1-india-family-mart-raises-rs-20-cr-119050200675_1.html|title=1-India Family Mart raises Rs 20 cr|agency=Press Trust of India|date=2019-05-02|newspaper=Business Standard India|access-date=2019-07-30}}</ref>
In 2017, 1-India Family Mart has raised a funding of $6.5 million (42.5 crore) from domestic private equity fund Carpediem Capital.<ref name="thehindubusinessline"/><ref name="businessworld"/><ref name="economictimes"/><ref>{{cite news|title=Carpediem Capital invests USD 6.5 mn in 1-India Family Mart - Asian News International |url=https://www.aninews.in/news/business/business/carpediem-capital-invests-usd-65-mn-in-1-india-family-mart201801181604180001/|publisher=[[Asian News International]]|date=18 January 2018|access-date=1 August 2018}}</ref><ref>{{cite news|title=Carpediem Capital invests USD 6.5 mn in 1-India Family Mart|url=https://www.business-standard.com/article/news-ani/carpediem-capital-invests-usd-6-5-mn-in-1-india-family-mart-118011800810_1.html|newspaper=[[Business Standard]]|access-date=1 August 2018}}</ref> In May 2019, company got its second round [[funding]] as external debt of amount 20 crore by a consortium led by APAC Financial Service.<ref>{{Cite web|url=https://retail.economictimes.indiatimes.com/news/industry/1-india-family-mart-raises-debt-funding-of-rs-20-cr/69143190|title=1-India Family Mart raises debt funding of Rs 20 cr|last=Dubey|first=Sandeep|date=2019-05-02|website=ET Retail|language=en|access-date=2019-07-30}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/pti-stories/1-india-family-mart-raises-rs-20-cr-119050200675_1.html|title=1-India Family Mart raises Rs 20 cr|agency=Press Trust of India|date=2019-05-02|newspaper=Business Standard India|access-date=2019-07-30}}</ref>
In 2022 the company raised INR 50 crore as a part of [[Venture round|Series B]] round of funding. The round was led by the [[Dubai]]-based Gulf Islamic Investments (GII).<ref>{{Cite web |last=Roy |first=Debjyoti |date=2022-02-25 |title=GII invests ₹50 crore in 1-India Family Mart |url=https://www.livemint.com/companies/news/gulf-islamic-investments-bets-on-pe-backed-1-india-family-mart-11645793893864.html |access-date=2022-08-22 |website=mint |language=en}}</ref><ref name=":0">{{Cite news |last=Bailay |first=Rasul |title=1-India Family Mart raises Rs 50 crore in funding from Dubai-based Gulf Islamic Investments |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/funding/1-india-family-mart-raises-rs-50-crore-in-funding-from-dubai-based-gulf-islamic-investments/articleshow/89797221.cms |access-date=2022-08-22}}</ref>


== See also ==
== See also ==
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== External links ==
== External links ==
* {{Official website|https://1indiafamilymart.com/}}
* {{Official website|https://1indiafamilymart.com/}}
{{#seo:
|keywords=Online retailers of India, Retail companies of India, Retail companies established in 2012, Companies based in Delhi, Indian brands
|description=
}}


[[Category:Online retailers of India]]
[[Category:Online retailers of India]]
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[[Category:Companies based in Delhi]]
[[Category:Companies based in Delhi]]
[[Category:Indian brands]]
[[Category:Indian brands]]
{{India-company-stub}}

Latest revision as of 20:40, 14 July 2025


1-India Family Mart
IndustryRetail
Founded
  • 2012; 14 years ago (2012)
Founder(s)Jay Prakash Shukla and Ravinder Singh
HeadquartersDelhi, India
Number of locations
100 Stores (21 November 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 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]

History[edit | edit source]

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[edit | edit source]

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]

See also[edit | edit source]

References[edit | edit source]

  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. ↑ 2.0 2.1 2.2 2.3 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 हिन्दी). Dainik Jagran. Retrieved 1 August 2018.
  5. ↑ 5.0 5.1 "1-India Family Mart Launches the 50th Flagship Store in Ranchi". BusinessWorld. Retrieved 1 August 2018.
  6. ↑ "1-India Family Mart in talks to raise funds, to open 40 new stores". FashionNetwork.com. 30 July 2019. Retrieved 28 June 2020.
  7. ↑ 7.0 7.1 Dutta, Vishal. "Carpediem capital PE invests Rs 41.5 crore in 1-India Family Mart". The Economic Times. Retrieved 1 August 2018.
  8. ↑ "1-India Family Mart draws up 200 crore expansion plan". The Hindu. Retrieved 1 August 2018.
  9. ↑ 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.
  10. ↑ Dutta, Vishal (26 February 2019). "Nysaa hires former ShopClues, V-Mart CFO to head group finance". The Economic Times. Retrieved 7 May 2020.
  11. ↑ Rebello, Maleeva. "1-India Family Mart CEO loves reading TS Eliot, feels his poems are complex, disruptive". The Economic Times. Retrieved 7 January 2021.
  12. ↑ 12.0 12.1 12.2 Bailay, Rasul. "1-India Family Mart raises Rs 50 crore in funding from Dubai-based Gulf Islamic Investments". The Economic Times. Retrieved 22 August 2022.
  13. ↑ "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.
  14. ↑ "Carpediem Capital invests USD 6.5 mn in 1-India Family Mart". Business Standard. Retrieved 1 August 2018.
  15. ↑ Dubey, Sandeep (2 May 2019). "1-India Family Mart raises debt funding of Rs 20 cr". ET Retail. Retrieved 30 July 2019.
  16. ↑ "1-India Family Mart raises Rs 20 cr". Business Standard India. Press Trust of India. 2 May 2019. Retrieved 30 July 2019.
  17. ↑ Roy, Debjyoti (25 February 2022). "GII invests ₹50 crore in 1-India Family Mart". mint. Retrieved 22 August 2022.

External links[edit | edit source]

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