Carpediem Capital-backed Nysaa Retail, a value retail chain has appointed Deepak Sharma as its new Chief Financial Officer (CFO).
Prior to the appointment, Sharma was associated with ex-Shopclues and VMart as its group CFO. As a part of company’s pre-IPO preparation, Carpediem Capital is very keen on bringing Sharma onboard.
Sharma holds more than two decades of experience in the industry and during his stint as CFO at ShopClues and V-Mart, he played a key role in executing the V-Mart IPO.
Industry sources suggest that Sharma’s appointment as group CFO will be of immense help to the brand. His expertise pertaining to e-commerce and IPO will be beneficial to Nysaa as it operates stores under the brand, 1-India Family Mart.
Founded in 2012, the company operates 80 stores across 72 cities. It targets to touch gross sales of Rs 420 crore this fiscal (FY18-19), out of which it has already completed Rs 358 crore by January 2019. It expects to end this fiscal with 90 stores.