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Kushal's is a fashion and silver jewelry brand based in Bengaluru, India, offering trendy, high-quality pieces as affordable alternatives to antique ornaments and fine jewelry. Operating an offline-first retail model, the company has over 90 stores across more than 25 cities, supplemented by online sales. With 151-250 employees, Kushal's achieved FY23 revenue of Rs 196 crore and a net profit of Rs 16 crore. Institutional investors include India SME Investments, its first in 2019, and Lighthouse Funds, leading a Series A in 2022. The brand targets aspirational women across India with its intricately crafted collections. Kushal's was founded in 2006 by the Gulechha family, including Ankit, Tejraj, Nandish, and Kalpesh Gulechha. Its business model centers on offline-first retail through company-owned boutiques, supplemented by online sales, revenue from direct sales of private-label fashion jewelry.
Kushal's has raised $45.3M across 2 funding rounds.
Kushal's has raised $45.3M in total across 2 funding rounds.
Kushal's has raised $45.3M in total across 2 funding rounds.
Kushal's's investors include Lighthouse, Vishal Tulsyan, India SME Investments.
Kushal's has raised $45.3M across 2 funding rounds. Most recently, it raised $34.3M Series B in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 28, 2024 | $34.3M Series B | Lighthouse | — | Announced |
| May 24, 2022 | $11M Venture Round | Vishal Tulsyan | India SME Investments | Announced |
