Men’s luxury fashion brand, Louis Stitch, announced raising a Pre-Series
A round of INR 5 crores at a pre-money valuation of INR 100 Crores, from Bijli
Group, family office of Ajay Bijli, Founder PVR Cinemas. The funding comes via
Bijli Group’s Logistics arm, ATC Logistics, being run by his son, Aamer Bijli.
With the fundraising, the company aims to expand its offline presence through
Exclusive Brand Outlets (EBOs) across key metros in the country. It will also
utilize the funds to expand its product lines, strengthen production &
distribution capacity, and aim to create an INR 100 crores top line in FY-24.
Louis Stitch was founded in July 2019 and currently has a pan-India
presence through its website and leading e-commerce platforms like Myntra,
Amazon, Flipkart, and Nykaa. Louis Stitch is known for its high quality and
marvellously handcrafted luxury leather Shoes. The brand, in a very short span
of time, has sold more than 1 million pairs of shoes. With the new product
offerings, Louis Stitch is set to compete in an industry estimated to be INR
3.3 trillion (appx) Indian rupees by 2027.
Regarding the investment, Aamer Bijli, Managing Director, Bijli Group
said, “Louis Stitch has shown remarkable growth since its inception in the men’s
luxury fashion market. Backed by a classy range of products, creative in-house
designers, and strong manufacturing capabilities, Louis Stitch is primed to
become a leading player in the luxury Men’s Fashion category. With the company
opening new stores and product lines, they will be a brand to watch out for in
the coming years.”
On the fundraise, Amol Goel Founder and CEO, of Louis Stitch, said, “We
are excited to have an industry stalwart onboard on our journey. With over a
million customers served so far now we plan to launch luxury apparel series of
Polos, Shirts, and Trousers. The funding will be a huge boost for us to expand
our production and distribution capacity, and reach all the prominent markets
with our new products”.
Louis Stitch has quickly become a go-to brand for luxury men’s fashion
when it comes to formal styling offering a wide range of options that combine
style and comfort. The brand’s commitment to using only high-quality materials
and innovative designs has earned it a loyal customer base.
Louis Stitch is a luxury men’s fashion brand known for its stylish and
comfortable Shoes and leather Accessories. Founded in 2019, the brand has shown
a YOY growth of 3X and has created a sourcing route of high-quality material
from Argentina, Russia, Egypt, and Germany.
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