# Siguler Guff, investors seek exit from Baazar Kolkata parent at ₹5,000 crore

2026-08-10T11:54:09+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Global private equity firm Siguler Guff and other investors are exploring an exit from Baazar Retail, operator of the Baazar Kolkata chain, at a valuation of ₹4,000-5,000 crore, Livemint reports. The company runs over 250 stores across 11 states. Separately, ET Retail reports gourmet chain Modern Bazaar is in talks with Reliance Retail for a strategic stake at a valuation of ₹100-150 crore, though the promoter denies an outright sale. Modern Bazaar's revenue fell 13.6% in FY25 to ₹247.24 crore. Baazar Retail, majority-owned by Siguler Guff, O3 Alternatives and NR Group since 2018, reported FY25 revenue of ₹1,324.83 crore and a wider loss of ₹127.48 crore. Modern Bazaar, with 18 stores in Delhi-NCR and Chandigarh, faces pressure from quick commerce and pending vendor payments. Both chains seek capital to compete in India's fast-changing retail market.

## Coverage

- livemint.com <https://www.livemint.com/companies/baazar-retail-stake-sale-siguler-guff-rs-4000-5000-crore-valuation-11786343868956.html>
- retail.economictimes.indiatimes.com <https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/modern-bazaar-explores-stake-sale-with-reliance-retail-others-as-quick-commerce-squeezes-business/133168330>

Tags: Baazar Kolkata, private equity, retail, Siguler Guff, stake sale, value retail
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