Two new stores from 1-India Family Mart in Uttar Pradesh!
With the aim to expand its reach in small towns, 1-India Family Mart, a leading value retail chain owned by Nysaa Retail Private Limited, has launched 2 new stores in the towns of Mahoba and Rath.
With this, the store count for the retailer has reached 94 across East and North India. And it doesn’t end here! The retailer plans to open 40 more stores by 2020.
1-India Family Mart has been striving to provide fashionable, stylish & affordable clothing and lifestyle accessories to meet the fashion aspirations of individuals.
Speaking at the inauguration, Ravinder Singh, Founding Director, 1-IndiaFamilyMart said, “We are delighted to announce the launch of 93rd and 94th store in Mahoba and Rath, respectively, after noticing an increasing demand for affordable fresh fashion and general merchandise among the aspirational class in the region.”
He also added “We see tremendous growth potential in UP, thanks to the encouraging response garnered by our existing stores. As a value retail chain, we will keep expanding our horizons to more cities with an ultimate vision of addressing the fashion needs of 75 per cent of country’s population.”
Having managed to maintain a healthy growth rate and profitability, the firm has recently raised its second round of external debt funding worth Rs. 20 crores, led by APAC Financial Service Private Limited.