Developed in conjunction with Joomla extensions.

Member Updates

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

pink-power.png

The fourth edition of Inorbit’s Pink Power initiative that empowers women entrepreneurs drew to an illustrious close recently. The season received close to 538 entries with business set-ups across various verticals like Food, Skin & Beauty, Home décor, handicraft, and much more. After a lot of deliberation, the judges finally chose the 10 promising women entrepreneurs as winners, who won free retail space within Inorbit Malls for a period of nine months. The winners hailed from like Mumbai (Malad & Vashi), Bengaluru, Hyderabad and Vadodara and were felicitated by youth icon Malishka Mendonsa.

MUMBAI (MALAD):

  • Vamaxi Mody (Founder of Nutricion): Nutricion offers a healthy range of home-grown power foods that include Granola Cereals, Dairy Free Stone Ground nut butters, Sprouted and classical flavours, Energy bars and Dairy Free milk.
  • Jyoti Chhetri (Founder of Wag & Love): The brand is dedicated to offer a new-age, natural and grain-free dog food.

NAVI MUMBAI (VASHI):

  • Krishna Tamalia Vora (Founder of Mom’s Therapy): Mom’s Therapy offers a range of herbal oils, Scrubs and Hair packs.
  • Sujata Hanchate (Founder of Shommy Snow Ice): It offers a unique mix ice-cream made of snow ice grated to a fine texture and low fat cow milk, sugar and fruits.
  • Vritti Vaswani (El Postre): It offers freshly baked cakes and desserts.

BANGALORE:

  • Kinnery Garg (Founder of Arome Herbals): Arome Herbals offers a wide range of handmade soaps, body lotions, face scrubs, pure essential oils and natural skin care products.

HYDERABAD:

  • Sai Deepika (Founder of Sippy Monks): The brand offers a unique spread of milkshakes and mocktails with a blend of tender coconut milk and tasty flavours.
  • Shipra Nayyar (Founder of Ozel Bir Say): The brand offers handmade potli bags, clutches, bridesmaid hampers, wedding giveaways and jewellery.

VADODARA:

  • Suvarna Solanki (Founder of Salad Republic): The product offerings includes Salads, juices and shakes.
  • Devashree Rawal (Founder of Humble Bee): Humble bee offers Handcrafted natural bathing essentials like soaps, bath salts and fragrances sourced from 100% natural ingredients.

In addition to the retail space, Inorbit will mentor the winners with the support of TRRAIN (Trust for Retailers and Retail Associates of India) for understanding the operations in a retail format and grow their business. The Central Bank of India too has associated with Pink Power to offer soft loan assistance to the winning entrepreneurs.

Speaking about the initiative, Naviin Ibhrampurkar, Head of Marketing and Corporate Communications Inorbit Malls Pvt Ltd, said, “We have got the best 10 out of so many entries that we received this year. Wishing the winners great success and a grand welcome in the Inorbit family.”

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

1India Family Mart by Ms. Sabita Das APS dy SP HQ NagaonDelhi-based Nysaa Retail Pvt. Ltd, which operates a chain of ‘Value Retail’ stores under the brand name ‘1-India Family Mart’ across Tier 2 & 3 cities in Eastern and Northern India will invest Rs 200 crore to open 100 stores in the next two financial years.

“Value retail has long been associated with consumers having to compromise in terms of the shopping experience, ambiance and customer service. 1-India Family Mart wants to change this perception. The plan is to expand and accumulate about 12 lakh sq. ft. of retail space by 2020 from the present 4.25 lakh sq. ft. Following the opening of the new stores, we expect to record net revenue of about Rs 750 crore in 2019, which will further increase to Rs 900 - 1,000 crore by 2020,” said Jay Prakash Shukla, founder & Chief Executive Office of 1-India Family Mart.

About 50 per cent of the total investment required would be raked in through internal accruals and the remaining through debt. Nysaa Retail Pvt. Ltd has recorded more than 60% growth over the previous fiscal, with net sales rising to Rs 235 crore as against Rs 147.5 the previous fiscal year. Earlier this year, Nysaa raised Rs. 42.5 crore from private equity firm Carpediem Advisors Pvt. Ltd in the company’s first and only external funding round since it was founded in 2012.

Currently the company has stores across Uttar Pradesh, Bihar, Jharkhand, Chhattisgarh and the North East and will touch a top line of Rs. 750 Cr in net revenue by 2019. More stores have translated into significantly higher revenue, which has grown at a steady clip and 1-India Family Mart has been profitable for three years running.

In line with its aggressive expansion plans, Nysaa recently launched a new store in Kasiya, Uttar Pradesh as also its first store in Nagaon, Assam, taking its store count to 59.

“There is an increasing demand for affordable fresh fashion in an organised retail format amongst the aspirational class in India, which has motivated us to extend & strengthen our brand presence in Eastern India & Uttar Pradesh,” said Ravinder Singh, Co-founder & COO, 1-India Family Mart.

User Rating: 4 / 5

Star ActiveStar ActiveStar ActiveStar ActiveStar Inactive

1 India Family Mart Raigarh Store Opening by Mr. D.KDelhi-based Nysaa Retail Pvt. Ltd, which operates a chain of affordable fashion stores under the brand name ‘1-India Family Mart’ across Eastern and Northern parts of India, announced the launch of its first store in Raigarh, Chattisgarh. The store will be a one-stop-shop for innovative and affordable fresh fashion apparel and general merchandise.

The store was inaugurated by D K Saraogi, Director, Jindal Steel & Power Ltd.

Speaking at the inauguration, Ravinder Singh, Co-founder & COO, 1-India Family Mart said, “There is an increasing demand for affordable fresh fashion in an organised retail format amongst the aspirational class in India, which has motivated us to extend and strengthen our brand presence further. The aspirational segment in the Tier II & III cities has shown a high desirability to keep up-to-date with the latest trends in style and fashionable merchandise and 1-India Family Mart takes pride in being able to cater to our customer’s requirement."

Last year, the company raised a sum of USD 6.5 million from Carpediem Capital. 1-India Family Mart plans to utilize the funds towards expansion and strengthening technology & capabilities.

Nysaa Retail Private Limited, the holding company of 1-India Family Mart was established in 2012 and began operations in 2013 with the first store in UP. Soon, it expanded operations to Bihar, Jharkhand, Chhattisgarh, and North East. Today, 1-India Family Mart has 54 stores across East and North of India.

User Rating: 3 / 5

Star ActiveStar ActiveStar ActiveStar InactiveStar Inactive

v mart store jammuFashion retail chain V-Mart, which is known for taking organized retail to tier-II & III cities opened its first store in Jammu, the winter capital of J&K, taking the number of stores in the state to four. Spread over 9,300 sq ft, it promises to fulfil the fashion needs of an entire family under one roof at best prices.

“We are thrilled to announce our store launch in Jammu, J&K,” Chairman & Managing, Director, V-Mart Retail Ltd, Lalit Agarwal said. “After getting a very good response from our existing stores in Srinagar, Udhampur and Kathua, we are proud to launch our 1st fully air conditioned fashion store in Jammu. We look forward to staying true to our promise of offering the latest and the widest fashion range at unmatched prices.” He added that the company plans to launch more stores in the state.

V-Mart is dedicated to providing price less fashion to consumers in Tier-II and Tier-III cities, with little or no penetration of modern retail. “We are sure that the new store will also prove to be a milestone in our endeavor to take fashion to the nooks and corner of the country providing customers true value for their money which has helped V-Mart to build the relationship with millions of families across the country,” said Snehal Shah, Sr. Vice-President, Marketing & Operations, V-Mart Retail Ltd.

Jammu is a fastest growing city with high awareness about fashion and latest trends. Consumers in the city are looking for an organized fashion store which can provide the elusive combination of best quality fashion at best prices. It is this very gap that V-Mart wishes to fill and meet the consumers demand.

COO V MART RETAIL LTDIn another development at the company, the board of directors at V-Mart Retail Ltd. announced the appointment of Samir Misra as its Chief Operating Officer. He will be responsible for spearheading the development and execution of long-term strategies with the goal of increasing shareholder value.

He has 15 years of multi-faceted industry experience with some of the country’s leading retailers and brings with him deep understanding of the Indian consumer mind-set, subject knowledge in product differentiation and innovation & savoir-faire of rapid business scale up and expansion.

In his last assignment he has helmed leadership roles at Aditya Birla Group for brands like Pantaloons & The Collective.

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

Korum Mall AwardKorum Mall, based in Thane, a suburb of Mumbai, has been awarded ‘The Golden Globe Tigers Award’ for ‘Excellence and Leadership’ in Shopping Mall Management in the Marketing & Consumer Promotions category. The Golden Globe Tigers Awards recognizes leaders in marketing, branding, CSR & social innovation, education & academics in individuals and organisations. It recognises the efforts of a gamut of multifunctional entities spanning across segments and is highly industry focused. The award ceremony took place at Pullman Kuala Lumpur City Centre on Monday, 23rd April, 2018.

This is Korum Mall’s 56th award across various categories since its inception in 2009, following last year’s “The Most Admired Marketing Campaign of the Year” award for its ‘Denim Fest’ campaign at the CMO Asia Shopping Malls Excellence Awards in Singapore.

“We feel honoured to receive recognition across national and international platforms including The Golden Globe Tigers Award, and this has further motivated us to surpass our self-set benchmarks in providing our esteemed patrons with unique and memorable experiences through our well planned marketing initiatives. We look forward to actively engage our patrons with pre-eminent activities and innovative campaigns,” said a Korum Mall spokesperson

Contact Us

Retailers Association of India (RAI)
111/112, Ascot Centre, Near Hotel ITC Maratha, Sahar Road, Sahar,
Andheri (E), Mumbai - 400099.
Tel : +91 22 28269527 - 29
Fax : +91 22 28269536,
Email: info@rai.net.in
CIN: U91990MH2005GAP151959

About Us

Retailers Association of India (RAI) is the unified voice of retailers in India. A not for profit organization, RAI works with all  stakeholders for creating the right environment for the growth of modern retail industry in India.  Read More.

Follow Us
News, Analysis, Insights, Jobs, Delivered to your inbox.