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Libas secures Rs 150 Crore from IAF Series 5, a fund managed by ICICI Venture; Aims for building omnichannel presence

Libas secures Rs 150 Crore from IAF Series 5, a fund managed by ICICI Venture; Aims for building omnichannel presence
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Sidhant keshwaniSunil keshwaniGagandeeps chhinaKiara advaniZivore apparel pvt ltdSenior directorPrivate equity

Ethnic fashion brand Libas raises Rs 150 crore from ICICI Venture

Libas started going offline about 18 months ago and operates 15 store across the country. It plans to open 200 stores by 2026. “The organised Indian apparel sector is expected to grow significantly in coming years and this investment will fuel expansion across categories, and geographies with a strong focus on omnichannel experience,” said Sidhant Keshwani, founder and CEO of Libas.

Sidhant keshwaniGagandeeps chhinaSenior directorPrivate equity

Fast fashion brand Libas raises maiden funding of Rs 150 Cr from ICICI Venture

Libas will primarily use the capital to develop its technology and expand its offline operations with the opening of stores.

Sunil keshwaniSidhant keshwaniGagandeeps chhinaSenior directorPrivate equity

Libas secures ₹150 Crore funding for omnichannel push from ICICI Venture

Libas secures ₹150 Crore funding for omnichannel push from ICICI Venture
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Gagandeeps chhinaSunil keshwaniSidhant keshwaniKiara advaniSenior directorPrivate equity

Ethnic wear brand Libas secures ₹150 crore funding to accelerate growth

Ethnic wear brand Libas secures ₹150 crore funding to accelerate growth
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Kiara advaniSidhant keshwaniGagandeeps chhinaZivore apparel pvt ltdZivore apparel pvtBrand outletsSenior directorPrivate equity