Delhi-based Nysaa Retail Pvt. Ltd, which operates a chain of ‘Value Retail’ stores under the brand name “1-India Family Mart” across Eastern and Northern India today, announced the launch of its 50th store at Birsa Chowk in Ranchi. The brand-new store will be a one-stop-shop for Affordable Fresh Fashion apparels and general merchandise. 1-India Family Mart caters to the growing demand of the aspirational class who is price, quality and fashion conscious.
On the launch of its Ranchi store, 1-India Family Mart is giving away scratch and win shopping coupons of minimum Rs.50 and maximum of Rs.2000 on shopping of Rs.1000.
The store was inaugurated by Mr. Vikash KR Pandey, DSP, Hatia, Ranchi.
Furthermore, to celebrate the launch of its 50th store, 1-India Family Mart is giving away free shopping of Rs.5000 on minimum purchase of Rs.5000 across its 50 stores in India.
Speaking at the inauguration, Mr. Ravinder Singh, Co-founder & COO 1-India Family Mart said, “We are excited to announce the launch of our 9th store in Jharkhand. There is an increasing demand for affordable fresh fashion and general merchandise amongst the aspirational class in India. We see tremendous growth potential in Jharkhand, thanks to the encouraging response garnered by our existing stores. We are planning to launch more stores across different districts of Jharkhand within the next 12 months, with a focus on providing the best retail experience. Currently our stores employ 1500 number of people and this would continue to grow as we add more stores. As a value retail chain, our focus is to always to provide Fresh, Affordable Fashion and general merchandise at all our stores.”
Last year, the company raised a sum of $6.5 million from Carpediem Capital. 1-India Family Mart plans to utilize the funds towards expansion and strengthening technology & capabilities.