Digital-first fashion and lifestyle brand Theater has raised Rs 56.25 crore (around US $6 million) in a Series A funding round led by Niveshaay, with participation from FirstPort Capital, Skagen Ventures and other investors.
Business News
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Apparel brand and manufacturer, Zodiac Clothing Company has reported a standalone net loss of Rs 31.16 crore (US $3.26 million) for FY 2025-26, narrowing from Rs 40.31 crore (US $4.22 million) in the previous fiscal.
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Shree Balaji (Mala) Textiles Ltd, a Manufacturer of Cotton Fabric & Rayon Fabrics has reported a 9.80% year-on-year increase in revenue to Rs 211.97 crore (US $22.43 million) for FY 2025-26, while profit after tax (PAT) rose 17.40% to Rs 5.78 crore (US $611,705).
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Bengaluru has launched its first Circular Textile Lab in Koramangala, aimed at diverting textile waste from landfills while promoting the reuse of discarded fabrics and creating employment opportunities for local tailors and women.
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Women’s ethnic wear brand SHREE has opened its first retail store in Hyderabad and plans to add 20 to 25 more stores across Telangana over the next two years as part of its retail expansion in the state.
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India’s apparel industry is expecting stronger sales during the upcoming festive season, with 52% of members of The Clothing Manufacturers Association of India (CMAI) forecasting higher sales compared with last year.
