Priyanka Gill

Lyskraft, the omnichannel fashion startup co-founded by Mohit Gupta and Mukesh Bansal, has successfully raised $26 million in a seed funding round, signaling strong investor interest in its innovative approach to premium fashion retail. Lyskraft recently made its debut with a premium pop-up store at Ambience Mall Gurugram and an online platform, serving as a market testing initiative. The startup curates a selection of over 15 leading women's fashion brands and designers, with new additions weekly, offering customers the opportunity to shop these brands both in-store and online. The focus on omnichannel retail is particularly apt for premium fashion, where the tactile experience and product immersion are critical factors influencing consumer choices. By blending physical and digital channels seamlessly, Lyskraft aims to enhance the overall shopping experience for its customers by highlighting India's rich heritage in fabrics, craftsmanship, and creative design as significant assets and also exhibiting the same on the global fashion stage. Lyskraft's vision extends beyond women's fashion, with plans to expand into other lifestyle categories in the future. As Lyskraft embarks on its journey, backed by substantial funding and industry expertise, it is poised to carve out a distinctive space in the evolving landscape of premium fashion retail, leveraging technology and heritage to deliver compelling, immersive experiences to discerning consumers. Lyskraft India Pvt Ltd Mukesh Bansal #innovation #management

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The Pant Project, a D2C fashion brand focused on custom-made and ready-to-wear pants, has raised $4.25 million in a Series A round led by Sorin Investments — a VC fund founded by former KKR India CEO Sanjay Nayar. The round also saw participation from marquee investors MGA Ventures, Huddle Ventures, Dexter Ventures, Indian Silicon Valley Capital, as well as seasoned angels like Arjun Vaidya, Avni Biyani, Nikhil B., and Vijay Taparia. The Pant Project is a digitally-native brand that provides custom-made pants for all Indian body sizes. In 2023, it adopted an omnichannel strategy while foraying into ready-to-made pants. With options for both men and women, the brand offers pants across 250 styles ranging from formal to chinos, jeans, cargos, joggers, power stretch knit pants, luxury linens, and wool.  The Pant Project claims to record 65% of its revenue from its website. It also has a presence across online marketplaces such as Amazon and Myntra and brick-and-mortar stores in Mumbai and Bengaluru. The brand claims to have served over 1 lakh customers within the past four years. Founders: Dhruv Toshniwal and Udit Toshniwal Follow Rise & Shine for daily startup updates. Stay informed, stay ahead ➡️ www.riseshine.in #startup #funding #d2c #venturecapital #angelinvestors #founders

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Online shopping of jewelry is growing at a CAGR of 28% & offers $77B market opportunity. Enter Eternz Fashion Private Limited - A one stop shop for all your jewelry needs, TDV Partners latest investment and portfolio company. It is an Omnichannel curated marketplace for Jewelry focusing on millennials & GenZs with focus on personalization & customization from a variety of brands from not just India but globally. Jewelry market’s online shopping penetration globally is around 8% with developed markets like US having 12% contribution to the total sales. India hardly has 2% online penetration currently. The no. of jewelry brands out there is increasing by leaps and bounds. You might have seen a bunch of jewelry startups in the season 3 of Shark Tank India already. With this trend increasing further, the need of a platform, one stop shop kinds for all the jewelry needs is evident and Eternz Fashion Private Limited is the answer to that. Excited to back Arthi Ramalingam in building Eternz along side Kae Capital, IIMA Ventures, Gemba Capital & Venture Labs #Eternz #jewelry #marketplaces #portfolio #investment https://lnkd.in/g-ggyiFS

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D2C fashion brand The Pant Project has raised $4.25 million in a Series A funding round led by Sorin Investments, a venture capital fund founded by former KKR India CEO Sanjay Nayar. MGA Ventures, Huddle, Dexter Ventures, Indian Silicon Valley, and other notable angel investors also participated in the round. Dhruv Toshniwal and Udit Toshniwal, third-generation members of the Banswara Syntex family, founded The Pant Project in 2020. Read the full story here: 👇 https://lnkd.in/gt9mZdKe #d2c #fashion #apparel #investors #funding #brand #angelinvestors #startup #Indianstartupnews

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Direct-to-customer (D2C) startups founded by scions of traditional business families are raking in venture funding across sectors like food, apparel, and wellness. Investors see these entrepreneurs' deep understanding of the business and connections in the supply chain ecosystems as a recipe for modernizing legacy businesses. #D2C #Startup #apparel #food #supplychain #funding #retail #latestnews

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The Evolution of Indian Fashion Retail: A Step Towards Sustainable Fashion 🌱 As the founder of SA Fab, I've witnessed the remarkable transformation of the Indian fashion retail industry over the past decade. This evolution is not just about trends and styles but also about a profound shift towards sustainable fashion. Here’s how the industry is embracing eco-friendly practices and contributing to a better future: 1. Adoption of Environment-Friendly Materials 🌿 In recent years, the use of sustainable materials has surged by 60%, with organic cotton, bamboo, and recycled fabrics leading the way. At SA Fab, we are committed to sourcing only the highest quality eco-friendly fabrics and natural fibers to reduce our carbon footprint and promote a healthier planet. 2. Emphasis on Minimal Waste ♻️ The fashion industry has been notorious for its waste, but times are changing. Innovative production techniques are now minimizing waste at every stage. By implementing zero-waste patterns and recycling off-cuts, we've reduced our waste by 40% over the past two years. 3. Ethical Production Practices 👗 Consumers today are more conscious of where their clothes come from. They demand transparency and fairness. Our commitment to ethical practices ensures that all our artisans and workers are fairly compensated and work in safe conditions, reflecting the growing trend of ethical fashion. 4. Circular Fashion Economy 🔄 The concept of a circular economy is gaining traction. This involves designing products with their entire lifecycle in mind, ensuring they can be reused, recycled, or upcycled. 5. Increased Consumer Awareness 📊 Did you know that 73% of millennials are willing to pay more for sustainable products? This shift in consumer behavior is driving brands to adopt sustainable practices. Our customer base has grown by 25% as more people choose SA Fab for our commitment to sustainability. 6. Technological Innovations 💡 Advancements in technology are playing a crucial role in making fashion more sustainable. From digital printing to waterless dyeing techniques, these innovations help reduce resource consumption and environmental impact. The journey towards sustainable fashion is continuous, but every step we take makes a significant difference. As we look to the future, it's clear that sustainable practices are not just a trend but the foundation of a responsible and thriving fashion industry. Together, let's embrace sustainability and pave the way for a greener, more ethical world. 🌍✨ --- #SustainableFashion #EcoFriendly #ZeroWaste #CircularEconomy #EthicalFashion #GreenRevolution #SAFab #IndianFashion #FashionRetail #Innovation #FutureOfFashion #MinimalWaste #OrganicMaterials #ResponsibleFashion #FashionTech #SustainableLiving Let's make a difference together! 🌱

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ChrysCapital to invest $100m in India’s Lenskart Private equity firm ChrysCapital is set to invest $100 million in Indian eyewear brand Lenskart. The latest investment, which will be via primary and secondary share purchases, brings Lenskart’s total capital infusion to nearly $850m in the last 12 months. Lenskart, which also operates in the United States, Singapore and UAE, had acquired a majority stake in Japanese eyewear brand Owndays last year, turning the Indian company into one of Asia’s largest online retailers in its segment. “With the acquisition of Owndays, there is an opportunity for Lenskart to expand across 10+ Asian countries in addition to the already large Indian market,” said Rajiv Batra, CFA, senior vice president of ChrysCapital Advisors. #realestate #retail #retailers #therealtynews #brands #funding #fund #investors #investments #data #report #privateequity ChrysCapital Lenskart.com https://lnkd.in/gvBguFBQ

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🌟@DHAVAL ARI , 🌟Amardeep Jadeja AND 🌟Piyush G 🌟VEIRDO 🚀🌟Affordable funky fashion know how this brand from Amedabad grew 20x By using this simple strategey; made Fashion affordable for youth Annual Revenue ;$ 4.8 M as of Fy 23🚀🌟 ✅️Affordable Innovation: This brand from Ahmedabad has demonstrated that innovation doesn't have to come at a high cost, making funky fashion affordable and accessible to the youth. ✅️Youth-Centric Strategy: By focusing on making fashion affordable for the youth, the brand has tapped into a vast and eager market, highlighting the importance of understanding and catering to target audiences. ✅️Exponential Growth: Growing 20x showcases the power of a simple yet effective strategy, proving that clarity and focus can lead to remarkable business success. ✅️Empowering Expression: By offering trendy, affordable fashion, the brand empowers young people to express themselves and their individuality, fostering a sense of confidence and creativity. ✅️Strategic Pricing: Their strategic pricing model has made stylish clothing accessible, showing that thoughtful pricing can significantly enhance market penetration and customer loyalty. ✅️Adaptability and Agility: The brand’s ability to grow rapidly underscores the importance of adaptability and agility in responding to market demands and trends. ✅️Inspiring Entrepreneurship: Their journey from a local brand to achieving an annual revenue of $4.8 million as of FY 23 serves as an inspiration to other entrepreneurs, demonstrating that strategic vision and execution can lead to substantial growth. ✅️Community Impact: Making fashion affordable for the youth not only benefits the brand but also contributes to the community by allowing more people to enjoy stylish clothing without financial strain. ✅️Sustainable Growth: The brand's success story highlights the potential for sustainable growth when a company aligns its products with the needs and desires of its target market. ✅️Innovative Mindset: Their simple yet effective strategy shows the power of an innovative mindset, encouraging other businesses to think creatively about how they can meet customer needs. Share Your Startup Story 🚀📲 https://lnkd.in/ggir3Qap visite our website🌐 https://lnkd.in/dad4nHP4 #AffordableFashion #YouthCentric #ExponentialGrowth #EmpoweringExpression #StrategicPricing #Adaptability #InspiringEntrepreneurship #CommunityImpact #SustainableGrowth #InnovativeMindset #scoopearth

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Direct-to-consumer (D2C) skincare startup Foxtale has secured $18 Mn (around INR 150 Cr) in its Series B funding round led by Singapore-based Panthera Growth Partners, with participation from existing backers Matrix Partners India and Kae Capital 👇 The Mumbai-based startup plans to use the fresh capital to expand its digital footprint and introduce newer categories in its portfolio of products, founder and CEO Romita Mazumdar said. Founded in 2021, Foxtale provides targeted skincare solutions to address a variety of skin concerns such as acne, ageing and hyperpigmentation among others. It sells a wide range of skincare products such as serums, masks, moisturisers, face washes, sunscreens, which are retailed on Foxtale’s website, online marketplaces and offline stores. Foxtale claims to cater to users across more than 100 cities across India, with its products accessible to women in the 23-35 age group in tier I, tier II and tier II cities. 🔗 To read more in detail, click here: https://lnkd.in/geDTyp9N #startups #news #D2C #fundraising

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💰 Surat-based IVY Growth Associates launches a ₹250 Cr VC fund, Arigato Capital aimed at investing in pre-Series A startups. 🤖 The fund, led by Prateek Toshniwal and team, targets sectors like agritech, cleantech, and generative AI, with an average investment size of $500,000. 🌍 Special focus on building global connections in the Middle East, US, and Europe. First close at ₹100 Cr expected by mid-2025. 🔗 Read more on the link in our comments section 👇

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NEWME, a fast fashion brand targeting Gen-Z, has raised $18 million in a Series A round led by Accel, with participation from Fireside Ventures and AUM Ventures. Founded by Shivam Tripathi, Sumit Jasoria, and Vinod Naik, the Bengaluru-based startup will use the funds to enhance its omnichannel presence and supply-chain technology. Newme, which has witnessed a 9X revenue growth in the past 18 months, plans to open 40-50 stores in 20 key cities, including Guwahati, Shillong, and Imphal. The fast fashion sector has seen significant funding, with brands like Libas, DSLR, French Crown, and VIRGIO also attracting investment. #Newme #Accel #FiresideVentures #AUMVentures #GenZFashion #FastFashion #BengaluruStartups #RetailExpansion #Omnichannel #FashionTech #StartupFunding #FashionGrowth #startup77

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Announcing the next big conversation at the D2C Unlocked Delhi-NCR chapter 🗣️🎤 Join Arush Chopra, Co-Founder of Just Herbs, and Manu Chandra, Founder & Managing Partner of Sauce.vc, as they dive into the topic: 𝐈𝐏𝐎 𝐨𝐫 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧: 𝐓𝐡𝐞 𝐄𝐧𝐝 𝐆𝐚𝐦𝐞 𝐟𝐨𝐫 𝐃2𝐂 𝐛𝐫𝐚𝐧𝐝𝐬 Arush brings to the table his firsthand insights from steering Just Herbs through this pivotal chapter of the Marico partnership, meanwhile, Manu enriches discussions with a comprehensive understanding of the D2C ecosystem, drawing from Sauce VC's investments in pioneering brands like XYXX Crew and The Whole Truth Foods. The conversation, “IPO or Strategic Acquisition: The End Game for D2C Brands,” is more than just a debate—it’s an in-depth examination of what the future holds for D2C brands. What's the secret sauce for D2C brands to flourish in today's market? Is going public the ultimate goal, or are partnerships a smarter move? Inviting all D2C Founders/CXOs in Delhi-NCR to join us on April 25th, 2024, at 6 PM for an exchange of ideas that’s as thought-provoking as it is insightful. D2C Unlocked is presented by Simpl and powered by Affinidi, AdYogi, & Shipway. See you there—let’s fuel the buzz! Register : https://lnkd.in/gAabp73G

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Maino.ai secures Rs 15 crore to bolster tech and product teams, CHOSEN raises $1.2M seed funding for skincare innovation, and Ixigo offers $40M worth of shares to anchor investors in IPO. 🚀💼🧴 #StartupFunding #DigitalMarketing #Skincare #IPO #Investment #TechGrowth #Entrepreneurship #iAccelerate #Vikas Keshri #Rishabh Kumar #Abhijeet Kunwar

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Lenskart Co-Founders Lead $20M Investment Round! Lenskart.com, the leading eyewear retailer, has successfully raised nearly $20 million in a recent funding round led by its visionary co-founders Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi. This marks their second significant investment in the past seven months, highlighting their unwavering commitment to the company's growth. The board at Lenskart approved a special resolution to issue 695,875 CCPS at an issue price of Rs 2,300 each, raising Rs 160 crore or $19.12 million. Here's the breakdown of the contributions: - Peyush Bansal: Rs 70.70 crore - Neha Bansal: Rs 70.39 crore - Amit Chaudhary: Rs 9.60 crore - Sumeet Kapahi: Rs 9.35 crore This investment follows a recent $200 million secondary deal with Temasek and Fidelity Management & Research Company (FMR), propelling Lenskart's valuation to over $5 billion. With over 2,500 stores worldwide, including 2,000 in India, Lenskart continues to expand its international footprint in countries like Singapore, Dubai, the US, and Southeast Asia. Notably, 60% of its revenue is generated in India, with the remainder from global operations. Lenskart's financial performance has been nothing short of impressive. For the fiscal year ending March 2023, their revenue surged to Rs 3,788 crore from Rs 1,502 crore in FY22. Additionally, their strategic growth and controlled expenditure have significantly reduced losses by 37.3% to Rs 64 crore in FY23 from Rs 102 crore in FY22. Kudos to the Lenskart team for their remarkable achievements and continuous innovation in the eyewear industry! In case you have such strategic plans (funding or M&A) as these big giants you can connect with us at hi@ibgrid.com Stay tuned for more updates! #Lenskart #Funding #StrategicGrowth #EyewearIndustry #InvestmentNews #Innovation #GlobalExpansion

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A skincare startup that sells directly to consumers, Foxtale secures $18 million (about 150 crore INR) in a Series B funding round. #newsupdates #newsflash #newsupdate #newsfeed #startupnews #startupindia #startups #startupecosystem #indianews #startupgrowth #startupfunding #fundingalert #fundingnews #funding #skincare

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As per an article authored by Samidha Sharma India’s startup and technology ecosystem is witnessing the emergence of a growing pool of influential founders turning into funders by backing multiple domestic funds. In the latest instance, CaratLane - A Tanishq Partnership founder Mithun Sacheti and Flipkart cofounder Binny Bansal have become anchor LPs (limited partners) in Bengaluru-based Xeed Ventures, an early-stage fund run by Sailesh Tulshan, said multiple people in the know. The Rs 600 crore fund, formerly known as 021 Capital, has also roped in Premji Invest as an LP, the people added. While Bansal is a sponsor in a dozen funds, Sacheti, who scored a big win by selling his 27% stake in online jewellery marketplace CaratLane - A Tanishq Partnership to Tata Group’s Titan for Rs 4,621 crore last year, has been actively #deploying #capital across different vehicles. He is a general partner and LP in Singularity AMC Growth, a fund backed by ace capital markets investor Madhu Kela. We at SHK Global Ventures a Mumbai headquartered content led consulting and investment advisory and sales enablement boutique firm recently launched WealthiGO - The 4 Circles of Wealth Maximisation a community-first luxury asset acquisition & neo age investment marketplace, accessed by our inner 4 circles of patrons, fueling their business acceleration, fulfilling their aspiration to personal growth, acquiring assets and creating wealth. The website - www.wealthigo.xyz is live. Waitlist to join the community is now open. Link to join the join our community of Industry Trailblazers, Visionary Entrepreneurs, CXOs and Savvy Investors is in the comments. 🔶To know more about our investment products and offerings please connect with Vartika Agarwal at vartika.a@shkglobalventures.com 🔶To know more about our bespoke brand marketing solutions for real estate developers, asset management companies, alternative asset class operators, proptech startup founders please connect with Surbhi Khare at surbhi.k@shkglobalventures.com

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"Armani Exchange, Superdry, Calvin Klein, Tommy Hilfiger and US Polo Assn are said to be running out of local shoe stocks as the government wants factories they are made in to be certified by the Bureau of Indian Standards (BIS). These plants are mostly based in China, Vietnam, Thailand and Malaysia, and BIS has not certified any overseas footwear factories. India’s regulatory environment has affected the industry since production capacities are limited in India, Skechers global CFO John Vandemore said during the company’s earnings call on April 26. Many of the brands have been forced to take footwear off the shelf — online and offline — or are selling a much smaller range with old stock, industry executives said. The BIS Quality Control Order (QCO) mandates compulsory certification for factories making the final product and some specified key components, such as rubber, PVC or polyurethane soles and heels. The QCO was implemented in July last year for leather shoes, while for sports shoes, sandals, clogs and slippers, it was to come into effect from January this year. That deadline was subsequently extended in March to August but the companies say such piecemeal extensions hamper supply chain planning. They also fear the goods may not reach their stores on time since it takes five-six months from production to custom clearance, experts said. Reliance Brands, which operates Armani Exchange and Superdry in India, and Arvind Fashions, which sells Calvin Klein, Tommy Hilfiger and US Polo Assn, did not respond to emailed queries. The regulation will push companies to set up production facilities in India, according to executives. There will always be challenges in the initial phase of implementation because the supply chain gets disturbed, said Anupam Bansal, director of retail at Liberty Shoes, adding that these issues will get resolved. “The negatives are very temporary in nature,” he said. “The positive is that the Indian footwear industry will get developed, people will have more effective production in India, in fact it will reduce their supply chain cost.” Abhishek Ganguly, CEO of homegrown footwear manufacturer Agilitas Sports, said global brands need to have a distinct supply chain strategy for India in the present environment or they will not be able to operate. “The large global sports shoe brands have already crafted a make in-India strategy with India now having the capability to manufacture even the expensive range,” he said. “Only those brands for whom shoes are a small part of the business are suffering.”" Full report: https://lnkd.in/gjWtc7V2

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