1-IndiaFamilyMart unveils two new stores in Mahoba and Rath in UP

With total 94 operational stores across the country so far, the value fashion retailer aims to deliver aspirational fashion at affordable prices across most cities in India.

New Delhi: Seeking to meet the fashion aspirations of individuals living in small towns, 1-India Family Mart, a leading value retail chain owned by Nysaa Retail Private Limited has recently launched two new experiential stores in Mahoba and Rathtown. With this launch, the value fashion retailer completes 94 operating stores across Eastern and Northern India. It is eyeing a retail expansion of over 40 stores by the next financial year, 2020.

1-IndiaFamilyMart has been striving to provide fashionable, stylish & affordable clothing and lifestyle accessories to most cities in the country. What started with two stores in UP’s Ghazipur and Fatehpur district in a comparatively smaller area is now spread across more than 81 cities in UP, Bihar, Jharkhand, Chhattisgarh, Orissa, North East & West Bengal with larger stores.

Speaking at the inauguration, Ravinder Singh, Founding Director, 1-IndiaFamilyMart said, “We are delighted to announce the launch of 93^rd and 94^th 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. 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% of the country’s population.”

The success of 1-IndiaFamilyMart’s stores can be attributed to the value retail firm’s smart use of big data to analyse buying habits and trends, to be the first in the market to come up with innovative lifestyle products and general merchandise at the most affordable prices. Having managed to maintain a healthy growth rate and profitability on the financial books, the firm has recently raised its second round of external debt funding worth INR 20 crores, led by APAC Financial Service Private Limited. 1-IndiaFamilyMart will now leverage the amount for expanding to newer geographies by adding 40  stores by 2020.

About 1-IndiaFamilyMart

Nysaa Retail Private Limited, the holding company of 1-IndiaFamilyMart was established in 2012 with a vision of providing Fresh and Affordable Fashion and General Merchandise to its customers.  The Value Retail Chain began operations in 2013. The company established its first store in UP and soon expanded operations to Bihar, Jharkhand, Chhattisgarh, and North East. Today, 1-India Family Mart has 94 stores across East and North of India. Being a customer focused Value Retail chain; 1-India Family Mart is committed to providing the latest range of affordable fresh fashion apparels, lifestyle products and general merchandise to its customer across India.

Website: http://www.1indiafamilymart.com    

1-IndiaFamilyMart appoints retail industry veteran Venugopal Konchada as its COO

Holding an extensive industry experience of 32 years in the retail space, Venugopal Konchada aims to strengthening the company’s operational procedures to ensure an outstanding customer experience

New Delhi: Continuing with its goal to provide an outstanding retail experience to the people in tier-2, 3 & 4 cities, 1-IndiaFamilyMart, a leading value retail chain owned by Nysaa Retail Private Limited has recently roped in retail industry veteran Venugopal Konchada as Chief Operational Officer. The hiring is in line with the company’s plans for a rapid expansion where Venugopal will be overseeing the entire operational procedures in terms of retail, in-store opening, visual merchandising, business development and marketing.

An ex-management student from IIPM, a master’s graduate in Exports Management from IMM and an MA holder in Political Science, Venugopal Konchada brings nearly 32 years of experience in the Indian retail space since 1987. Having spent a significant number of years with prominent retail brands like Vishal Megamart and V Mart, the man has literally witnessed the transition of a shopkeeper to an organised retailer. He now envisions to take the manoeuvres of 1-India Family Mart a notch higher towards an exceptional growth ladder in the country’s value retail space.

Speaking on his new role at 1-IndiaFamilyMart, Venugopal Konchada COO of the company said, “My idea behind joining 1-India Family Mart is to take this company to the next level as it has been growing at a fast pace since its inception. We will be looking towards bringing in more and more skilled professionals into the business to match up to the scaling business and deliver an unparalleled retail experience to nearly 75% of the country’s population.”

Since its inception in 2012, 1-India Family Mart has managed to maintain a healthy growth rate and profitability on the financial books even as a bootstrapped enterprise. The firm eventually raised two rounds of external debt funding worth US$ 7 million equity and INR 20 crores debt , respectively in 2018 and 2019 to leverage the amount for expanding to newer geographies. It has been planning to add up 40 stores in the current year and 50 stores by 2020. Venugopal’s leadership, management and vision will further help 1-India Family Mart in growing effectively on the back of its financial strength and operating efficiency.

About 1-India Family Mart

Nysaa Retail Private Limited, the holding company of 1-IndiaFamilyMart was established in 2012 with a vision of providing Fresh and Affordable Fashion and General Merchandise to its customers.  The Value Retail Chain began operations in 2013. The company established its first store in UP and soon expanded operations to Bihar, Jharkhand, Chhattisgarh, and North East. Today, 1-IndiaFamilyMart has 92 stores across East and North of India.

Being a customer focused Value Retail chain; 1-IndiaFamilyMart is committed to providing the latest range of affordable fresh fashion apparels, lifestyle products and general merchandise to its customer across India. Website: http://www.1indiafamilymart.com