Star Localmart eyes a revenue milestone of Rs 5,000 crores over the next five years and this acquisition will reinforce its plan to scale up to 3,000 stores by 2030
Star Localmart, the retail arm of Sanjay Ghodawat Group (SGG), has acquired DusMinute, a Bengaluru-based retail chain exclusively present in gated communities. This strategic acquisition expands Star Localmart’s network to 170 stores, positioning it as a key regional retail player.
Focused on tier–two to tier–six towns, Star Localmart seeks to improve the grocery shopping experience for rural India with modern supermarket formats. They recently unveiled aggressive expansion plans across five Indian states, including Maharashtra, Karnataka, Goa, Andhra Pradesh and Telangana, as it eyes a revenue milestone of Rs 5,000 crores over the next five years. This acquisition will reinforce its plan to scale up to 3,000 stores by 2030.
“We are proud to take another significant step towards making modern retail accessible and affordable for every community we serve. This acquisition opens an exciting new frontier of growth for Star Localmart, enabling us to bring everyday essentials closer to millions of households with greater convenience and value, while deepening our consumer connection,” highlighted Shrenik Ghodawat, Managing Director, Sanjay Ghodawat Group.
DusMinute, a gated community retail chain, is known for delivering daily essentials directly to residents’ doorsteps. Founded by Apoorva Mishra, Nikhil Gupta and Ankita Asai; it operates stores within residential complexes, offering groceries, dairy, fruits, vegetables and household items, complemented by a mobile app that provides on-demand delivery at home.
“With this complete acquisition by SGG, DusMinute now enters a new chapter backed by the vision and strength of one of India’s most dynamic business houses. I am confident that under their leadership, DusMinute will scale new heights and create an even stronger success story in the retail industry,” noted Paras Jain, Managing Director, DusMinute.
Currently, Star Localmart has over 130 stores spanning over 50 towns in western Maharashtra and northern Karnataka. Each store has over 3,000 stock-keeping units (SKUs), which include a mix of 50 per cent national, 30 per cent regional, and 20 per cent local brands.
