Louis Stitch, a renowned luxury fashion brand for men, specialising in crafting premium leather shoes and accessories, has successfully raised Rs. 5 crore in a pre-Series A funding round from the Bijli Group, which is headed by Ajay Bijli, the Founder of PVR Cinemas.
“Louis Stitch has shown remarkable growth since its inception in the men’s luxury fashion market. Backed by a classy range of products, creative in-house designers, and strong manufacturing capabilities, Louis Stitch is primed to become a leading player in the luxury Men’s Fashion category,” said Aamer Bijli, Managing Director of Bijli Group.
With the funding, it is all set to launch a luxury apparel segment for menswear. The funding was facilitated through ATC Logistics, the logistics arm of Bijli Group, and is aimed at bolstering the brand’s offline presence in key Indian metros, through the establishment of exclusive brand outlets (EBOs). With the infusion of funds, Louis Stitch plans to expand its product lines, augment production and distribution capacity, and is targeting to generate a top-line revenue of Rs. 100 crore by FY ’24.
“We are excited to have an industry stalwart onboard on our journey. With over a million customers served so far, now we plan to launch luxury apparel series of polos, shirts, and trousers. The funding will be a huge boost for us to expand our production and distribution capacity, and reach all the prominent markets with our new products,” said Amol Goel, Founder and CEO of Louis Stitch.
