Indya, FabAlley Secure Rs 50 Cr Funding Led by Sangita Jindal

High Street Essentials (HSE), the parent company behind popular women’s fashion brands Indya and FabAlley, has announced a successful Rs 50 crore equity and debt infusion in a funding round led by Sangita Jindal, Chairperson of JSW Foundation

The funding round also saw participation from prominent investors including the family offices of SRF Group, Krishna Bodanapu of Cyient Technologies, and Timmy Sarna from Pure Home Living, according to a media release issued on Monday.

This significant investment will fuel Indya‘s strategic business expansion, particularly focusing on its premium occasion wear range and its penetration into the occasion and wedding wear market. 

Indya boasts strategic collaborations with renowned Indian designers such as Rohit Gandhi and Rahul Khanna, Varun Bahl, Ashish N Soni, and Nikhil Thampi.

Sangita Jindal expressed confidence in Indya’s unique designs and strong back-end capabilities, emphasizing the investment’s role in facilitating the brand’s global expansion and enhancing its presence in the vast Indian wedding wear market. The Indian wedding wear market, valued at USD 15 billion, presents a lucrative opportunity for Indya to capitalize on.

With plans to open 10 new wedding stores within the current financial year, Indya aims to strengthen its footprint across the country. Presently, the brand operates 12 exclusive outlets in 8 cities and is retailed through 150 large format retail outlets, including Lifestyle, Shoppers Stop, Centro, and Ethnicity. 

Additionally, Indya’s global retail presence is expanding, with a second store in Malaysia and upcoming outlets planned in the USA and South Africa within the next 18 months.

The brand’s international direct-to-consumer e-commerce business remains a key growth driver, with plans to expand into new geographies and invest in on-ground brand and marketing initiatives. Moreover, Indya anticipates significant growth from its large wedding stores, aiming to establish over 100 such stores across the country in the coming years.

Disclaimer: This information is covered based on the latest research and development available. However, it may not fully reflect all current aspects of the subject matter.

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