India’s top 10 fashion startups – A startup is a newly established business that is in the early stages of its development. Startups are characterized by their innovative and disruptive ideas, with a focus on creating a unique product or service that fills a gap in the market. They are typically funded by venture capitalists, angel investors, or crowdfunding, and are often associated with high-risk, high-reward investments.
India’s Top 10 Fashion Startups:
Fashion is an industry that is always changing, and with the rise of technology and the internet, fashion startups have become increasingly popular. These startups are bringing new ideas and innovation to the fashion industry, challenging traditional brands and creating a new wave of fashion trends. India, in particular, has seen a surge of fashion startups in recent years, with many emerging as strong players in the market. In this article, we will be discussing India’s top 10 fashion startups, their net worth, revenue reports, and their contributions to the industry.
- Myntra: Myntra is an Indian fashion e-commerce company that was founded in 2007. The company started as a personalized gift company but pivoted to fashion in 2010. Myntra has since become one of the largest fashion e-commerce companies in India, offering a wide range of clothing, accessories, and footwear. In 2014, Myntra was acquired by Flipkart for $330 million, making it one of the largest e-commerce acquisitions in India.
Net Worth: $2.5 Billion Revenue: $500 million
- Nykaa Fashion: Nykaa Fashion is a subsidiary of Nykaa, a popular online beauty retailer in India. Nykaa Fashion was launched in 2018, with a focus on luxury and premium fashion brands. The platform offers a curated selection of clothing, accessories, and footwear for men and women, with a strong focus on Indian designers and brands.
Net Worth: $1.2 Billion Revenue: $75 million
- Ajio: Ajio is a fashion e-commerce platform that was launched by Reliance Retail in 2016. The platform offers a wide range of clothing, footwear, and accessories for men and women, with a focus on affordable fashion. Ajio has also collaborated with several Indian designers to create exclusive collections for the platform.
Net Worth: $1 Billion Revenue: $100 million
- Bewakoof: Bewakoof is an online fashion and lifestyle brand that was founded in 2012. The company offers a wide range of clothing, accessories, and home decor products for men and women. Bewakoof is known for its quirky and unique designs, with a focus on casual wear.
Net Worth: $200 million Revenue: $50 million
- FabAlley: FabAlley is a women’s fashion brand that was launched in 2012. The company offers a wide range of clothing, accessories, and footwear for women, with a focus on affordable fashion. FabAlley has also collaborated with several Indian designers to create exclusive collections for the platform.
Net Worth: $100 million Revenue: $30 million
- StalkBuyLove: StalkBuyLove is an online fashion retailer that was founded in 2013. The company offers a wide range of clothing, accessories, and footwear for women, with a focus on European fashion trends. StalkBuyLove has also collaborated with several Indian designers to create exclusive collections for the platform.
Net Worth: $50 million Revenue: $15 million
- Fynd: Fynd is an Indian fashion e-commerce company that was founded in 2013. The platform offers a wide range of clothing, accessories, and footwear for men and women, with a focus on affordable fashion. Additionally, Fynd has also introduced an offline-to-online model where customers can shop at physical stores and have the products delivered to their doorstep.
Net Worth: $50 million Revenue: $10 million
- Voonik: Voonik is a fashion e-commerce platform that was launched in 2014. The platform offers a wide range of clothing, accessories, and footwear for men and women, with a focus on affordable fashion. Voonik also offers a personal stylist service where customers can get personalized fashion recommendations based on their preferences.
Net Worth: $30 million Revenue: $5 million
- Limeroad: Limeroad is a fashion e-commerce platform that was launched in 2012. The platform offers a wide range of clothing, accessories, and footwear for women, with a focus on affordable fashion. Limeroad also offers a feature where customers can create their own scrapbook of fashion inspiration and share it with others.
Net Worth: $25 million Revenue: $4 million
- Zivame: Zivame is an Indian lingerie e-commerce company that was launched in 2011. The platform offers a wide range of lingerie and intimate wear for women, with a focus on comfort and fit. Zivame also offers a virtual fitting service where customers can get a personalized fitting experience.
Net Worth: $20 million Revenue: $3 million
Startup Net Worth and Revenue Report:
As mentioned above, the net worth and revenue of the top 10 fashion startups in India are as follows:
Startup-Net Worth-Revenue
Myntra $2.5 Billion $500 million
Nykaa Fashion $1.2 Billion $75 million
Ajio $1 Billion $100 million
Bewakoof $200 million $50 million
FabAlley $100 million $30 million
StalkBuyLove $50 million $15 million
Fynd $50 million $10 million
Voonik $30 million $5 million
Limeroad $25 million $4 million
Zivame $20 million $3 million
Conclusion:
India’s fashion startup scene has seen a significant rise in recent years, with many startups disrupting the traditional fashion industry with their innovative and unique offerings. The top 10 fashion startups in India have shown impressive net worth and revenue, indicating their strong market presence and customer appeal. As the fashion industry continues to evolve, these startups will undoubtedly continue to play a significant role in shaping the industry’s future.