Indian fashion firm High Street Essentials secures $3.5m to expand globally

Indian omni-channel fashion firm High Street Essentials, the company behind women’s fashion brands FabAlley and Indya, said it has secured 255 million rupees (almost US$3.5 million) to expand its global footprint.

More funding details

• Lead investors: Existing backers Elevation Capital, India Quotient, Dominor Holding, and family offices
• Stage: Unspecified

More company updates

• High Street Essentials said it plans to add more personalized solutions to its services and expand its presence among ecommerce players across the globe.
• The company shared that it had focused on strengthening its digital presence last year, launching new initiatives such as subscription-based shopping and catalogue curation with AI-based recommendations.
• High Street Essentials said it recorded gross revenues of US$24.6 million for FY2020, signaling healthy year-on-year growth. Currently, online revenue accounts for over half of its total revenue.
• The latest round comes after High Street Essentials raised US$2.8 million last year.

For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.