Now Reading: Siguler Guff, investors seek exit from Baazar Kolkata parent at ₹5,000 crore
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Siguler Guff, investors seek exit from Baazar Kolkata parent at ₹5,000 crore
Siguler Guff, investors seek exit from Baazar Kolkata parent at ₹5,000 crore
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…
The Story in Brief
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.
The Indian Opinion
The buzz around these two deals feeds a lazy narrative that organised retail is dying to quick commerce. Yet Baazar Retail, despite widening losses, is growing revenue and eyeing an exit at a premium, hardly a sinking ship. Modern Bazaar, older and smaller, is a different case: its premium model faces genuine pressure from rapid delivery. The real test will be whether Baazar's next owner can fix its profitability, not just blame online rivals.
Sources (2): livemint.com, retail.economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
