Convenience retail startup YatriKart has announced a ₹120 crore partnership with MMG Group to open 1,000 “Quick Stop” stores across India over five years. The first phase targets 100 stores in Delhi NCR.

The money is not a fundraise into YatriKart. Under what the companies call the Franchise Invested, Company Operated (FICO) model, MMG Group will fund store infrastructure and capital expenditure, while YatriKart handles operating costs, technology, supply chain, staffing and day-to-day running. MMG first backed YatriKart with a strategic equity investment in 2024. The release does not give the size of that stake or say how the ₹120 crore will be released.

The stores are meant for places where people are already travelling: fuel stations, highways, bus stands and other transit hubs. YatriKart has begun deploying Quick Stop stores in Delhi NCR and plans to move into other markets later. It says it currently has 80+ stores in eight cities, at petrol pumps, highways, hospitals, corporate parks, bus stands and transit hubs, selling coffee, food, beverages and everyday essentials. It calls the idea “Retail on the Go.”

The company also plans to launch a consumer app that lets customers find stores along their route, order ahead and receive products in their vehicles at participating fuel stations and other designated locations. No launch date was given.

YatriKart’s founder and CEO, Gaurav Rana, said: “Quick commerce has transformed convenience at home. We believe there is a significant opportunity to make everyday essentials just as accessible outside the home.”

MMG Group promoter Anant Agarwal said the confidence came from YatriKart’s “five years of experience on the ground” across Indian Railways, Delhi Metro, hotels, hospitals and temples. He also said the startup “made difficult decisions to discontinue initiatives that did not work,” and cited a partner network of around 500 stores and a potential location pool of around 60,000 sites through corporate partnerships. Those figures are the investor’s characterisation, and the release does not explain how the 500-store partner network relates to the 80+ stores YatriKart reports.

The 1,000-store plan is a step toward YatriKart’s broader ambition of 5,000 Quick Stop stores across India over five years. The release gives no revenue, store economics or investment-per-store figures.