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FabAlley has raised $24.3M across 7 funding rounds.
FabAlley has raised $24.3M in total across 7 funding rounds.
FabAlley is a Noida, India-based online-to-offline fashion brand that designs and manufactures women's fast fashion apparel and ethnic-fusion wear. Operated by High Street Essentials, the direct-to-consumer company distributes its in-house clothing lines through its proprietary website, physical retail locations, and major e-commerce marketplaces such as Myntra and Jabong. The enterprise reported a net revenue of Rs 90.2 crore and an EBITDA of Rs 3.3 crore for the fiscal year ending March 2019, alongside a 70% year-over-year growth rate, scaling from just 25 employees in 2014. To support its transition from an accessories storefront to a full apparel manufacturer with offline expansion, the company secured a $2 million Series A funding round led by India Quotient, following earlier seed capital from the Indian Angel Network. FabAlley was founded in 2012 by Shivani Poddar and Tanvi Malik.
FabAlley has raised $24.3M across 7 funding rounds. Most recently, it raised $5.6M Other Equity in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 27, 2024 | $5.6M Venture Round | Sangita Jindal | Krishna Bodanapu, Timmy Sarna | Announced |
| May 20, 2021 | $3.5M Venture Round | Dominor Holding, Elevation Capital, India Quotient | — | Announced |
| Jun 22, 2020 | $2.7M Venture Round | India Quotient, Mukul Arora | Abhishek Dalmia | Announced |
| Jan 9, 2020 | $1.1M Debt Financing | Nilesh Kothari | — | Announced |
| Dec 27, 2018 | $8.6M Series B | Mukul Arora | — | Announced |
| Feb 2, 2018 | $780K Debt Financing | Trifecta Capital | — | Announced |
| Oct 13, 2016 | $2M Series A | — | Ranjan Sharma, Tushar Singh, FAO Ventures, Indian Angel Network, Madhukar Sinha | Announced |
FabAlley has raised $24.3M in total across 7 funding rounds.
FabAlley's investors include Sangita Jindal, Krishna Bodanapu, Timmy Sarna, Dominor Holding, Elevation Capital, India Quotient, Mukul Arora, Abhishek Dalmia, Nilesh Kothari, Trifecta Capital, Ranjan Sharma, Tushar Singh.
