Private Equity

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Premium lifestyle platform Lyskraft raises $26-M from Peak XV, Prosus, others

Economic Times  

Bengaluru-headquartered Premium fashion and lifestyle platform Lyskraft, founded by former Zomato executive Mohit Gupta and Myntra founder Mukesh Bansal last year, has raised USD 26 million. The fundraise was led by Peak XV Partners, while other investors such as Prosus, Belgian investment fund Sofina, and partners of DST Global have also invested.Lyskraft will build an omnichannel play as a marketplace for premium brands, starting with women’s fashion and subsequently expanding into other lifestyle categories. Gupta will lead the company as its CEO while Bansal won’t have an operational role. He will be a strategic advisor and a key shareholder in the business.The company has onboarded 15 premium women’s apparel brands, and will not opt for in-house manufacturing.