<article>Mid-range private equity investor <a href="http://dealstreetasia.com/tag/carpediem" target="_blank" rel="noopener">Carpediem Capital </a>has invested around $6.5 million in Nysaa Retail Pvt. Ltd, which operates a chain of value retail stores under the brand name &#8220;1-India Family Mart&#8221;.</article>

Mid-range private equity investor <a href="http://dealstreetasia.com/tag/carpediem" target="_blank" rel="noopener">Carpediem Capital </a>has invested around $6.5 million in Nysaa Retail Pvt. Ltd, which operates a chain of value retail stores under the brand name &#8220;1-India Family Mart&#8221;.
Founded in 2013, Delhi-based Nysaa Retail sells apparel and general merchandise in Tier II/III cities and smaller towns through its chain of stores. It started its operations in Uttar Pradesh and has since expanded to Bihar, Jharkhand, Uttarakhand, Chhattisgarh, and Madhya Pradesh with 38 retail stores.
The company plans to use the latest round for expanding its operations and to strengthen its technology and capabilities, according to an official statement.
&#8220;With additional resources and bandwidth, we will now accelerate our expansion into markets which are significantly underpenetrated.” said Jay Prakash Shukla, Founder &amp; CEO of Nysaa Retail.
Subsequent to the funding, Arvind Nair, Chairman and Hithendra Ramachandran, Managing Director of Carpediem Advisors will join the board of Nysaa Retail.
Prabhudas Lilladher Capital Markets Pvt. Ltd. acted as the exclusive financial advisor for the transaction.
This deal marks Carpediem Capital&#8217;s fifth investment from its maiden $30-million fund. Its existing portfolio includes food retailer<a href="http://dealstreetasia.com/tag/biryani-blues" target="_blank" rel="noopener"> Biryani Blues</a>, mobile repair and refurbishment startup <a href="http://dealstreetasia.com/tag/yaantra" target="_blank" rel="noopener">Yaantra,</a> medical devices distributor <a href="http://dealstreetasia.com/tag/colmed" target="_blank" rel="noopener">ColMed</a> and food processing firm<a href="http://dealstreetasia.com/tag/adinath-agro" target="_blank" rel="noopener"> Adinath Agro</a>.
The Mumbai-based private equity investor typically makes investments in the range of $2-$8 million, with a focus on sectors such as consumer products and services, healthcare, consumer finance services, logistics, managed services and education.
In October last year, Delhi-based <a href="http://dealstreetasia.com/tag/v2-retail" target="_blank" rel="noopener">V2 Retail Ltd</a>, formerly Vishal Retail Ltd, raised $12 million from <a href="http://dealstreetasia.com/tag/lighthouse" target="_blank" rel="noopener">Lighthouse Advisors India Pvt. Ltd</a>, another India-focused mid-market private equity firm.
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<a href="https://www.dealstreetasia.com/stories/india-collateral-medical-raises-3-5m-carpediem-capital-73674/" target="_blank" rel="noopener">India: Collateral Medical raises $3.5m from Carpediem Capital</a>
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Private equity investor Carpediem Capital has put in around $6.5 million in Nysaa Retail Pvt. Ltd, which operates under the brand "1-India Family Mart".

India: PE fund Carpediem Capital invests $6.5m in Nysaa Retail

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India: PE fund Carpediem Capital invests $6.5m in Nysaa Retail

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