VC Fund Investments
Value retailer 1-India Family Mart raises $12-M from Gulf Islamic Investment, Carpediem, others
New Delhi-based value retailer 1-India Family Mart , owned by Nysaa Retail Pvt Ltd, has raised USD 12 million in Series D from both existing and new investors. The round saw participation from Gulf Islamic Investment, Carpediem Capital Partners, Capri Global Holdings, JP Shukla (promoter) and high networth individuals (HNIs).Co-founded in 2012 by Jay Prakash Shukla and Ravinder Singh 1-India Family Mart claims to sell affordable fashion and general merchandise across 67+ stores.
Between Dec-17 and Apr-23, Nysaa Retail had attracted about USD 15.55 M from Carpediem Capital Partners, Aviator Emerging Market Fund, Gulf Islamic Investments, Foundation Private Equity and others.
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