New Shop Set to Revolutionize Retail with Rapid Expansion and Strategic Acquisitions

Tech-enabled convenience retailer New Shop plans to double its store count to 600 by year-end, driven by acquiring and rebranding 24Seven stores from Godfrey Phillips India. The company is also eyeing global expansion and possible new funding rounds to fuel its growth strategy.

Tech-enabled convenience retailer New Shop is on a mission to double its store count to 600 by the year's end. This ambitious expansion includes rebranding 24Seven stores acquired from Godfrey Phillips India and sets sights on international markets.

Plans for a new funding round this year aim to attract investment partners who will guide New Shop's next growth phase. The company is actively pursuing acquisitions and buyouts, with co-founder Aastha Almast humorously calling herself a retailer who simply "loves to shop."

Through strategic acquisitions, such as the 24Seven stores - rebranded and franchised - New Shop improves its operational efficiency and franchisee offerings, capitalizing on its asset-light franchise model to maximize profit without direct store management.

(With inputs from agencies.)