1-India Family Mart


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.

Funding

In 2017, 1-India Family Mart has raised a funding of $6.5 million 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.