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Billionaire Biyani's Future Group set to open 7-Eleven franchise in India

Company aims to open 1,000 outlets in Mumbai starting next year

MUMBAI (NewsRise) -- Indian billionaire Kishore Biyani-backed Future Group plans to launch its first 7-Eleven brand convenience store in the country before March, betting that consumer demand will pick up in the coming months amid proliferation of supermarkets and hypermarkets.

In February, Future Retail, one of India's top retailers, signed a master franchise agreement with 7-Eleven to develop and operate the stores in the country. Owned by Japan's Seven & i Holdings, 7-Eleven convenience stores sell fresh foods, snacks, packaged goods, and beverages and remain open round the clock.

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