Luxury men’s fashion label, Louis Stitch, has successfully secured Rs. 5 crore (US $ 609,404) in a pre-series A funding round, thanks to the generous investment from Space World Group.
The primary objective of the company is to utilise the funds to expand its product portfolio in the menswear segment and bolster its retail capabilities nationwide in India. Recently, Louis Stitch inaugurated its inaugural brand outlet and intends to extend its presence to major metropolitan cities during the ongoing fiscal year.
Ankit Goel, the chairman of Space World Group, expressed his thoughts on the investment, stating, “This funding marks a significant step towards reinforcing the brand’s dedication to unparalleled quality and manufacturing excellence, serving a vast clientele both in India and beyond. The launch of the brand’s inaugural outlet is just the beginning, and we eagerly anticipate what exciting prospects lie ahead for Louis Stitch in the years to come.”
Amol Goel, the founder and CEO of Louis Stitch, expressed his appreciation, saying, “We are delighted to welcome Space World Group as our investor, a company that shares the same commitment to technology and innovation, which aligns perfectly with Louis Stitch’s principles. This investment from Space World Group will propel our offline retail expansion plans to greater heights, enabling us to reach prominent marketplaces across various cities and introduce new and exciting product offerings.”
Louis Stitch distributes its products across India through its official website and prominent e-commerce platforms, including Amazon, Flipkart, and Myntra.
