Latest News | Kalki Fashion Raises Rs 225 Cr from Lighthouse

Mumbai, Apr 29 (PTI) Occasion wear brand Kalki Fashion on Tuesday said it has raised Rs 225 crore from Lighthouse Funds.

The funds will be deployed for expanding retail presence domestically and in international markets and new product development, its founder and chief executive Saurabh Gupta said.

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Without sharing the exact numbers or the stake to be held by Lighthouse, an official statement said Kalki has delivered consistent profit growth over the years, and strong unit economics are at the core of its operations.

Lighthouse managing director Anshul Jain said the company has built a strong brand in the premium occasion wear segment, focusing on quality and craftsmanship.

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"As India continues celebrating weddings, festivals, and special occasions, it is poised to become the brand of choice for consumers who seek elegance and exclusivity," Jain added.

The brand was founded in 2007 and specialises in premium bridal, festive, and occasion wear for both men and women. It is sold through stores domestically, and an e-commerce platform and the company also boasts of customers in the US, UK, Canada, and Australia.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)