Bengaluru-based womenswear brand Koskii, raised Rs. 61 crore (US $ 7.5 million) in funding by Baring Private Equity Partners India in Round A which was also joined by Steer Advisors.
The said funding will be used in the expansion plan laid out by Koskii for offline stores, better online reach, technology development, and hiring.
Umar Akhter, co-founder CEO of Koskii in a statement said, “This funding round validates Koskii’s robust business framework, which leverages technology as its core. Built on the principles of frugality, jugaad, and above all, profitability, we have established a strong foundation for growth.”
Mitali Chitre, partner at Baring Private Equity Partners India expressed, “The quality of the team, their integrity, the focus on unit economics and the vision to make Koskii the first pan-India women’s occasion wear brand got us excited to be a part of the company’s growth journey.”
Koskii has retail stores in Bengaluru, Chennai, Delhi, Coimbatore, and Hyderabad and it delivers across 10,000 pin codes across India through online channels.
