Indian premium men's fashion brand Louis Stitch has raised Rs 5 crore in a pre-Series A funding round led by Space World Group, a conglomerate into sectors like telecom, infrastructure, chemical, manufacturing, amongst others.
With this raised capital the startup plans to use the raised capital to increase its product portfolio in the men's wear segment.
Additionally, It will focus on expanding its retail capabilities across the country.
Established in 2019, Louis Stitch sells premium comfortable shoes, apparels and accessories.
The startup claims to have witnessed three-folds YOY growth and is committed to sourcing high-quality material from Argentina, Russia, Egypt, and Germany.
"We are honoured to have Space World Group as our investor, a company deeply invested in technology and innovation similar to the ethos of Louis Stitch. With this round of funding, we are committed to deliver on our promise of curating a line that addresses all fashion needs of Indian men, under one brand whilst expanding our retail presence in India to provide a world class retail experience to the customers," said Amol Goel, founder and CEO, Louis Stitch.
Louis Stitch said it is in the process of launching its first-ever brand outlet and intends to scale its retail reach across major metropolitan cities during FY24.