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VCGuy

Believe me, it’s not... • 20d

Spotted a few 7-Eleven stores in Pune recently — they’ve been scaling quietly since 2021. 7-Eleven is the world’s largest convenience retailer with ~85,000 stores across 20+ countries, owned by Japan’s Seven & i Holdings. 7-Eleven didn’t start out as a Japanese company. - 1927 → Founded in Dallas as Southland Ice Co. - 1946 → Renamed 7-Eleven for its 7am–11pm hours (considered extended hours at the time). - 1991 → Japan’s Ito-Yokado took a controlling stake. - 2005 → Fully acquired by Tokyo-based Seven & i Holdings. The India launch didn’t exactly go as planned though⤵️ - Feb ’19, Future Retail had signed on to launch 7-Eleven. But the deal was scrapped in Oct ’21 due to FR’s financial struggles. - 3 days later, Reliance Retail stepped in as the new partner. As of now: 49 stores in Mumbai, 6 in Pune. Expansion is being done cluster-wise — one city at a time, high-density areas only. If you’ve seen 7-Eleven stores abroad, many are located next to gas stations, airports, or transit hubs, designed around quick stops and high footfall. 💡In India, 7-Eleven could evolve into EV charging + retail + café hybrids: a modern take on their classic gas station format.

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