+ Money magnets- Rare Rabbit ($18M), Lyskraft India Pvt Ltd ($26M), NEWME (~$23M), Libas (INR 150 cr), ZYOD ($18M)
+ Enablers and aggregators attracting funding include: Lyskraft, aggregating new-gen bridge-to-luxury and luxury brands; Zyod, streamlining fashion sourcing; and Slikk, a vertical quick-commerce platform for fashion, securing $300,000.
+ Inner wear brands which have received funding: Bummer & DaMENSCH
+Indian & fusion wear brands which have received funding: Libas & FASHOR
+ Kidswear brands which have received funding: INCLUD and Kidbea
+ Key funding trends: Aggregators/marketplaces > Fast fashion > Indian & fusion > Menswear. Lyskraft India Pvt Ltd's $26M funding round has single-handedly placed marketplaces at the forefront of investment.
Note
+ Brands like Beyoung and Plan B are excluded from this analysis, which have raised capital in 2024 but haven’t disclosed the amount. Therefore total funding amount is > INR 494.33 Cr
+ This analysis includes brands that announced funding in 2024. Some of these may have raised capital earlier, potentially in 2023, but chose to publicize it in 2024.
+ Exchange rate used $1 = INR 84.
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This post was originally shared by Anandita B. on Linkedin.