Gurugram-based fashion platform Lyskraft has raised US $ 26 million in a seed funding round led by Peak XV Partners.
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Tata's Trent is expected to have outperformed other Indian apparel chains last quarter, overcoming sluggish demand and restrained consumer spending by rapidly opening more of its youth-focussed, low-priced stores.
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Men’s apparel brand Powerlook has opened a flagship store in the heart of Pune.
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Sportswear and retail business Agilitas Sports plans to open 200 stores for apparel, footwear, and accessories brand Lotto in India, expecting swift growth. The business aims to have its first Lotto outlet operational by early 2025.
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E-commerce giant Flipkart’s fashion arm Myntra welcomed a total of 75 million new users over the past 12 months, according to its ‘Myntra Trend Index’ for the 2024 financial year.
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German footwear brand Birkenstock has strengthened its retail footprint in the Indian market with the launch of its first store in Mumbai.