25 February 2022, Mumbai:
Value retail chain startup 1-India Family Mart has raised Rs 50 crore ($6.6 million) as a part of its Series B round from Dubai-based financial services firm Gulf Islamic Investments (GII).
The Gurugram-based firm, which also counts Carpediem Capital as its other financial backer, will leverage the capital to double stores count, both organically and through acquisitions.
ALSO READ: HSE raises Rs 25.50 Cr funds to expand its D2C footprint
“We 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,” said Jay Prakash Shukla, CEO at 1-India Family Mart.
Follow us on Linkedin & Youtube.
Subscribe to our daily e-newsletter.
*Figures mentioned in the above article have been sourced from vccircle.com article.
Author’s Posts
-
Tamil Nadu Textile Sector Begins Strong Recovery
Tamil Nadu Textile Industry Shows Signs of Recovery
After ...May 22, 2025
-
Shahid Kapoor Joins Taapsee Pannu for Vogue Eyewear India
BRAND ANNOUNCEMENT | VOGUE EYEWEAR WELCOMES SHAHID KAPOOR, WHO JOINS TAAPSEE PANNU AS ITS BRAND AMBAS...
May 22, 2025
-
3rd Morocco International Yarn & Fabric Sourcing Show 2025
3rd Morocco International Yarn & Fabric Sourcing Show 2025
May 13, 2025
-
India’s Apparel Exports: Big Potential, Low Share
Despite having the world’s second-largest vertically integrated textile industry, India’s share...May 05, 2025
CITI: India must engage U.S. on tariffs
"Bridging the Information Gap in the Textile and Fashion Industry."
Latest News
Latest Publications
