Leading Fashion investment firm FashionBazar Plc has launched an India based fund of Rs 180 Cr (INR 1800 Mn) for its portfolio of fashion houses which includes biggest names across the globe. The company operates via a Seychelles based investment vehicle and would be investing in Fashion start-ups & prominent designers. Abhishek Kumar, angel investor in Fashionbazar, heads the Fashion fund based out of USA. He has previously worked with Goldman Sachs & Mckinsey, heading their lifestyle investment division
“Online merchandising has seen a robust growth in last few years. Investors are looking for a sizeable opportunity and hoping for a multi fold return. India houses big fashion names in the city of Delhi & Mumbai and is set for a rapid expansion in other parts,” said Voges Albright, Fashion Bazar Spokeswomen based in Dallas.
Fashion Bazar has been largely working as a non disclosed entity & works with private equity funds to make joint investments. The exact investments are not disclosed owing to privacy rights of concerned High Net Individuals & family houses involved in the setup. They have been active since 2013 through their investments in fashion houses and subsidiary Fashion merchandising companies.
Company has been promoting leading designers across the globe & heavily trades in fashion stocks through their wall street connections. This is an attempt to move to direct Series A stakeholding & looking for an exit through further rounds & IPO.