New Delhi: D2C ethnic fashion brand, Shobitam has acquired ready-to-wear saree brand, Isadoralife, it said in a media release on Wednesday. “Together, Shobitam and Isadoralife are poised to further strengthen ethnic fashion globally and pave the way for an upward growth trajectory in the fashion startup ecosystem in India,” said Aparna Thyagarajan, co-founder and chief…
Online women’s fashion brand The Loom, which has recently opened its first store in Delhi, is eying 10 per cent revenue from the offline channel this fiscal, Komal Goel and Aman Goel, co-founders, The Loom. By this fiscal end, the brand plans to open 5 company-owned, company-operated stores in Delhi, Noida, Gurgaon, Bangalore, and Mumbai….
New Delhi: Singapore’s Temasek and US-based Fidelity have invested around USD 200 million in eyewear company Lenskart via a secondary share sale. ET last month reported that the deal was in advanced discussions, valuing Lenskart at about USD 5 billion. Temasek already owns a 5.5 per cent stake in the startup and reportedly led the…
The co-founders of the direct-to-consumer (D2C) footwear brand Trase – Jitin Goel and Dhruv Gupta – have reacquired the brand from the roll-up company Upscalio. This strategic move was followed by a $500K angel round led by investors like Deep Bajaj and Mohit Bajaj, co-founders of Sirona Hygiene, the co-founders of the brand told ETRetail….
Minu Margeret, founder and CEO, Blissclub BlissClub, a direct-to-consumer (D2C) activewear brand focussed on women saw its operating revenue surge more than four-fold to reach Rs 68 crore in for the financial year ending March 31,2023, even as losses mounted. The Bengaluru-based startup registered losses of Rs 36 crore, up four times compared to the…
