Private Equity

VC Fund Investments

Women's fashion retailer HSE raises Rs.40-Cr from Stride Ventures

Economic Times  

​​Delhi-based fashion retailer High Street Essentials (HSE), which owns women's fashion brands, FabAlley and Indya, has raised INR 40 crore in a combination of equity and debt from venture debt firm Stride Ventures. With the latest funding, the fashion house is foraying into the premium occasion wear category, Indya Luxe. The Luxe range comprises occasion & festive wear, priced between INR 6,500 and INR 18,000. HSE, founded in 2012 by Shivani Poddar and Tanvi Malik, offers fast-fashion through its omnichannel retail model. Fast fashion is a business model which basically replicates recent fashion trends by mass-producing them at low cost and bringing them to retail stores.