Shoppers' Stop is a leading player in lifestyle retailing in India. Since its inception, Shoppers' Stop has progressed from being a single brand shop to becoming a Fashion & Lifestyle store for the family. Today, Shoppers' Stop is a household name, known for its superior quality products, services and for providing a complete shopping experience.

ICICI Venture entered the company when it was still in the very early stages of its growth. At that time, organized retail was still an untested concept in India. The company operated through 4 stores and a revenue of Rs 800 mn (USD 18 mn) and went on to become a 17 store chain with a turnover of Rs. 600 mn (USD 136 mn), by the time of ICICI venture's exit in 2005.

ICICI Venture played an active role in facilitating the supply chain and systems efficiency of Shoppers' Stop. ICICI Venture provided active inputs on the firm's growth strategy to become a leader in lifestyle store format space and also helped it to firm up its IPO plan and actively assisted the company to go public.