29 May 2022, Mumbai:
High Street Essentials, a Delhi-based fashion retailer, has raised Rs 40 crore in a combination of equity and debt from venture debt firm Stride Ventures.
High Street Essentials or HSE founded in 2012 by Shivani Poddar and Tanvi Malik, which owns women’s fashion brands, FabAlley and Indya offer fast fashion through its omnichannel retail model.
ALSO READ High Street Essentials to launch in international markets
With the latest funding, the fashion house through Indya is foraying into the premium occasion wear category, Indya Luxe. The Luxe range comprises occasion & festive wear, priced between Rs 6,500 and Rs 18,000.
RELEVANT NEWS Indya launches a new premium occasion-wear line 'Indya Luxe'
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 quickly while demand soaring.
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Credits: ET Retail
