The non-food cash and carry format will see the firm expand its relationship with HK-headquartered supply chain management company Li & Fung.
The cash and carry format, which will operate in the brown goods space, will be rolled out from a separate company, Future Market Networks, a listed firm on the BSE and the NSE.
"Cash and carry will be rolled out nationally. This will be a part of another partnership with the Future Group," said Rajesh Ranavat, MD - mergers & acquisitions, Fung Management.
Fung Management is the private equity investment arm of the $20 billion Li & Fung group of companies run by the families of Victor Fung and William Fung. Their core businesses are in the area of trading, logistics, distribution and retailing.
"Future Group has been a great partner with both depth and width in business. Our partnership is to build infrastructure and add scale. Once scale comes, profits will follow," said Ranavat.
The firm did not disclose the project's investment figures.