Total amount raised
$29.8 Million
Latest funding date
05/01/2024
Location
FabAlley has successfully raised funds over 11 rounds, with the latest being a Venture - Series Unknown round. The company has attracted a total of 24 investors, including notable names like Krishna Bodanapu and Timmy Sarna.
Keep reading to explore the intricacies of FabAlley's fundraising journey and the investors backing this innovative platform.
What Is FabAlley?
FabAlley, an online fashion store, specializes in women's western apparel and loungewear. The company operates in the apparel, e-commerce, fashion, and retail industries. It is based in Noida, Uttar Pradesh, India, and employs between 101 and 250 people.
Founded by High Street Essentials Pvt Ltd, FabAlley has successfully raised funds through multiple rounds, attracting a diverse group of investors. The company is known for its innovative approach to fashion, blending traditional and modern styles to cater to a wide range of customers.
How Much Funding Has FabAlley Raised?
- Series A
- Amount Raised: USD 2,000,000
- Date: October 2016
- Lead Investors: India Quotient
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series B
- Amount Raised: INR 600,000,000
- Date: December 2018
- Lead Investors: Elevation Capital, SAIF Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market presence and expand retail footprint.
- Debt Financing
- Amount Raised: INR 50,000,000
- Date: February 2018
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital needs and operational expenses.
- Debt Financing
- Amount Raised: USD 1,100,000
- Date: January 2020
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and manage cash flow.
- Series C
- Amount Raised: INR 207,500,000
- Date: June 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product lines and increase market penetration.
- Series D
- Amount Raised: INR 255,000,000
- Date: May 2021
- Lead Investors: Dominor Investment, Elevation Capital, India Quotient
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series Unknown
- Amount Raised: INR 400,000,000
- Date: May 2022
- Lead Investors: Stride Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the wedding wear market and international retail footprint.
- Debt Financing
- Amount Raised: INR 125,000,000
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational and expansion activities.
- Series Unknown
- Amount Raised: INR 375,000,000
- Date: May 2024
- Lead Investors: Sangita Jindal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand premium occasion wear and international retail footprint.
Total Amount Raised: USD 2,000,000 + INR 1,612,500,000 + USD 1,100,000
Current Valuation: Not publicly disclosed
Key Investors
- Sangita Jindal
- Details: Sangita Jindal is the Chairperson of JSW Foundation, part of the JSW Group, which focuses on various industries including steel, energy, and infrastructure. She has led multiple funding rounds for FabAlley.
- Investment Focus Areas: Philanthropy, social development, cultural initiatives.
- Notable Investments: Various social and cultural projects under the JSW Foundation.
- Krishna Bodanapu
- Details: Krishna Bodanapu is associated with Cyient Technologies, a global engineering and technology solutions company. He has participated in multiple funding rounds for FabAlley.
- Investment Focus Areas: Engineering, manufacturing, data analytics, networks.
- Notable Investments: Cyient Technologies.
- Timmy Sarna
- Details: Timmy Sarna is associated with Pure Home Living, a retail brand specializing in home decor and lifestyle products. He has been a key investor in FabAlley.
- Investment Focus Areas: Home decor, lifestyle products.
- Notable Investments: Pure Home Living.
- Family Offices of SRF Group
- Details: The SRF Group is a diversified industrial conglomerate with interests in technical textiles, chemicals, and packaging films. They have invested in FabAlley through their family offices.
- Investment Focus Areas: Technical textiles, chemicals, packaging films, industrial sectors.
- Notable Investments: Investments in various industrial and manufacturing sectors.
- Stride Ventures
- Details: Stride Ventures is a venture debt firm that has been a lead investor in FabAlley's funding rounds. They focus on providing debt capital to high-growth startups.
- Investment Focus Areas: Venture debt, high-growth startups.
- Notable Investments: Not publicly disclosed.
What's Next for FabAlley?
FabAlley is poised to capitalize on the burgeoning premium occasion wear and wedding market, valued at $15 billion. With plans to open 10 new wedding stores and expand internationally to the USA and South Africa, the company is set to significantly enhance its market presence. Strategic designer collaborations and a focus on direct-to-consumer e-commerce will further bolster its growth.
Future fundraising opportunities are likely as FabAlley scales its operations. The company may attract additional investors to support its ambitious expansion plans. However, challenges such as competition in the fragmented fashion market and managing logistics for global expansion could pose hurdles. Adapting to diverse market preferences and regulatory environments will be crucial for sustained growth.
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