Quiz: Who is the owner of Twenty Four Seven stores?
Twenty Four Seven Is India’s first all day convenience store brand.
Twenty Four Seven Is India’s first all day convenience store brand.
Answers:
Lalit Modi
Amit Burman
Kishore Biyani
Akash Ambani
Correct Answer: Sameer Modi
Sameer Modi is the younger brother of Lalit Modi. He started Twenty-four Seven Retail stores in 2005.
It is India’s first ’round-the-clock’ convenience store brand. Earlier he had launched Modicare and Colorbar Cosmetics.
There are over 61 Twenty Four Seven stores in Delhi NCR region now. Samir Modi plans to open 500 more stores by 2020.
Each store offers upto 3500 items in 14 categories. Other than packaged goods, it also offers read to eat cooked food and beverage.
In the year to March 2016, its revenue stood at INR 170 crore and Modi hopes to end the current fiscal year with INR 230 crore sales.
Who are its competitors?
In & Out chain by Bharat Petroleum Corp. Ltd. It operates 157 convenience In & Out stores.
7 Eleven is coming to India, in partnership with Future Group. It has more than 66,000 stores in 17 countries.
Just like that:
One can order from Twenty Four Seven through food delivery apps such as Dunzo.
It will be offering franchises to expand. Local entrepreneurs can be part of the group.
Find your nearest store in Delhi-NCR .