{"id":26061,"date":"2022-02-25T13:05:10","date_gmt":"2022-02-25T07:35:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/1-india-family-mart\/"},"modified":"2022-02-25T13:15:12","modified_gmt":"2022-02-25T07:45:12","slug":"1-india-family-mart","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/1-india-family-mart\/","title":{"rendered":"Gulf Islamic Investments Invests INR 500 Million in Carpediem Capital Backed Group Operating 1-India Family Mart"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-881502034\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Leading Value Retail Chain with 100 Plus Stores Across India   Mumbai, Maharashtra, India \u2013 Business Wire India  \u2022  Funds will boost the expansion plan of the group.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1944364560\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> \u2022  Fuel inorganic growth as the group plans to double number of stores in the next 2 years.<\/p>\n<p> \u2022  To set up indigenous e-commerce business thereby becoming omni-channel players in the sector.<\/p>\n<p> Group operating value retail chain 1-India Family Mart, has raised Series B funding of INR 500 million from Dubai-based Gulf Islamic Investments (GII). The group had raised its first institutional round of funding from Carpediem Capital in 2018.<\/p><div class=\"trade-content_5\" id=\"trade-2838371257\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The fund raise will boost the expansion plan of the group with doubling of retail stores in the next two years, through organic expansion and consolidation. The group will also be launching its distributed e-commerce operations to become an omni-channel player.1-India Family Mart is well placed in the value retail sector in India and is amongst the Top 3 Value Retail companies in the Indian retail space. The group has a strong assortment of products and extensive presence in tier 2, 3 &#038; 4 cities with over 100 stores pan India. Besides the private label products offered at stores, the group has a strong back-end infrastructure including distribution centres. The Group commenced operations in 2013 and established its first store in Uttar Pradesh and thereafter expanded its operations to Bihar, Jharkhand, Chhattisgarh and the Northeast. It offers fashion apparel, lifestyle products and general merchandise through its more than 100 outlets.<\/p>\n<p> Mr. Jay Prakash Shukla, Co-Founder &#038; CEO, 1-India Family Mart said, \u201cWe are excited to raise a fresh funding round from GII which will significantly boost our expansion plans, strengthen our retail presence and drive growth trajectory of the group. This fund raise is quite sizeable for the retail sector in recent times. As we build a scalable business, we needed like-minded investors that could guide us on nurturing an IPO-able group for the near future.\u201d  Mr. Ravinder Singh, Co-Founder &#038; COO, 1-India Family Mart said, \u201cWe are increasing our geographical footprint and developing our own private label in the fast-growing women&#8217;s apparel category. We are setting up our owned online omni-channel to further penetrate the market and reach our discerning customers. Moreover, having a strong online presence will further consolidate our position in the industry.\u201d  Pankaj Gupta and Mohammed Alhassan, Co-founders and Co-CEOs Gulf Islamic Investments LLC said, \u201cThe 1-India Family Mart founders have more than 2 decades of rich experience in the retail industry and they have seen the entire retail cycle. 1-India Family Mart is working towards reimagining the retail sector and creating newness and excitement for the dynamic customer segment. We love the group\u2019s focus on value retail and their ability to reach and cater to the Indian semi-urban areas. The group is on path to expand its footprint in new towns and semi-urban areas which resonates with India\u2019s growth story coming from tier-2 and tier 3 cities.\u201d  India retail is valued at INR 51 trillion in 2019, growing at a CAGR of 9 &#8211; 11%. An increase in the market share of value e-retailers has demonstrated better profitability and value creation within the Indian retail landscape. Value retail constitutes 60% of the overall apparel retail market. Growth in value retail is primarily driven by organised value retail. With the rural per capita consumption growing at 4.3x by 2030, compared to 3.5x the urban area, trend shows that companies are also pivoting towards the bottom of the pyramid with a leaner cost structure. Value retail is also mostly insulated to online distribution as opposed to high-cost structures.<\/p>\n<p> For further information on 1-India Family Mart: www.1indiafamilymart.com   PWR PWR<\/p>\n<div class=\"trade-after-content\" id=\"trade-826504703\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Leading Value Retail Chain with 100 Plus Stores Across India Mumbai, Maharashtra, India \u2013 Business Wire India \u2022 Funds will boost the expansion plan of the group. \u2022 Fuel inorganic growth as the group plans to double number of stores in the next 2 years. \u2022 To set up indigenous e-commerce business thereby becoming omni-channel [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-26061","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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