
THE INVESTMENT BLUEPRINT 📊🌐
May 30, 2025 at 07:03 AM
*B) Company Overview*
1. Founded: 2019
2. Founder: Siddharth Dungarwal
3. Category: D2C menswear fashion brand (fast fashion)
4. Sales Channels: Website, app, and 58 offline stores across India
5. Shark Tank India: Raised ₹1.5 crore at ₹100 crore valuation
*C) Business Performance*
1. *FY24 Revenue:* ₹241 crore (100% YoY growth)
2. *FY24 Profit:* ₹4.39 crore
3. *FY26 Revenue Target:* ₹1,000 crore
4. *IPO Plans:* Within the next 3 years
*D) Future Plans*
1. *Store Expansion:* 100+ offline stores by 2028
2. *FY26 Focus:* 2x revenue growth and new product categories
*E) Competitors*
1. The Souled Store – Reached profitability in FY24
2. Rare Rabbit – Raised $6M from A91 Partners
3. Wrogn – Raised $9M from Aditya Birla Digital Fashion
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