The Fashion Entrepreneur Fund (FEF), a fashion-focused venture studio, has reported that the cumulative revenue generated by brands within its portfolio reached Rs. 182 crore (US $19.06 million) in FY 2025-26, nearly doubling compared to the previous financial year.
Buoyed by the strong performance, the organisation has set a target of achieving Rs. 500 crore (US $52.38 million) in cumulative portfolio revenue in FY 2026-27.
During the year, FEF increased investments across a range of segments, including contemporary fashion, luxury couture, footwear, sustainable fashion, retail technology and artisanal ventures. The platform is backed by prominent investors and industry leaders, including actor Akshay Kumar, entrepreneur Ravi Jaipuria, filmmaker Karan Johar, industrialist Naveen Jindal, investor Gaurav Dalmia, Sonali Dugar, Manju Yagnik and FEF Chairman Vagish Pathak.
Several portfolio brands delivered strong growth during the financial year. Banana Club generated more than Rs. 105 crore (US $11 million) in net revenue, supported by an aggressive omnichannel strategy, expansion of its offline retail presence and strong digital performance.
Fashion brand Love Kiki recorded revenue growth of 227.6% during FY ’26, expanding its offline presence to more than 10 cities and securing international business-to-business orders from Saudi Arabia.
Premium occasion wear label House of Armuse reported a significant increase in average order value, which rose from Rs. 34,000 (US $356) to Rs. 85,000 (US $891), while also entering the menswear segment.
DMO Dot expanded its presence across eight multi-brand outlet stores and acquired more than 20,000 customers through its direct-to-consumer platform. The brand has also begun fulfilling international orders.
Meanwhile, Stylox more than doubled its retail footprint, increasing its store count from 25 to 58 outlets across India during FY ’26. Line Tribe also expanded its offline distribution network, doubling its presence in multi-brand outlets from six stores to 12.
FEF combines strategic funding with operational support, mentorship and industry networking to help fashion entrepreneurs scale their businesses.
Commenting on the organisation’s growth strategy, Founder Sanjay Nigam said India is entering a defining phase for fashion entrepreneurship, with domestic brands increasingly building globally relevant businesses through luxury products, occasion wear, sustainability-focused initiatives and digital fashion offerings. He added that FEF aims to strengthen the ‘Make in India’ fashion ecosystem by providing entrepreneurs with access to capital, mentorship, industry connections and growth opportunities.
Looking ahead, Nigam said the organisation is evaluating larger investments, exploring global retail expansion opportunities and increasing its focus on fashion businesses with strong technology capabilities.
