Page 2 - Brare Rabbit News Today

Bootstrapped till now, Rare Rabbit clocked revenue of over Rs 600 crore in fiscal 2024, with an operating profit of more than Rs 100 crore, as per sources in the know.

Happy Monday! UPIs ease of use is driving a shift to cashless payments, leaving debit cards behind. This and more in todays ETtech Morning Dispatch.

Rare Rabbit Funding: Bootstrapped till now, Rare Rabbit clocked revenue of over Rs 600 crore in fiscal 2024, with an operating profit of more than Rs 100 crore, as per sources in the know. Along with Rare Rabbit, the brands parent company Radhamani Textiles also owns womens premium fashion brand Rareism and everyday wear brand Articale.

Bhumika Group, Rajasthans largest mall developer, expanding retail spaces in NCR. Urban Square Mall in Udaipur fully occupied with top brands. Second phase launch imminent, reflecting strong industry credibility and financial stability.

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Indian men have historically been peacocks

Rare Rabbit has tapped into mens growing interest in trying out different clothing styles. Pulkit Verma, head of ecommerce and digital marketing at Rare Rabbit, mentioned to ET a few years ago that they noticed more men wearing floral clothing, indicating a shift in corporate dressing becoming less formal. Tata has engaged in discussions with Rare Rabbit and is currently conducting a thorough evaluation after presenting a term sheet to potentially invest $40 million.

Rare Rabbit has tapped into mens growing interest in trying out different clothing styles. Pulkit Verma, head of ecommerce and digital marketing at Rare Rabbit, mentioned to ET a few years ago that they noticed more men wearing floral clothing, indicating a shift in corporate dressing becoming less formal. Tata has engaged in discussions with Rare Rabbit and is currently conducting a thorough evaluation after presenting a term sheet to potentially invest $40 million.

Tata Capital is the financial services arm of Indias $144 billion salt-to-aviation Tata conglomerate, and its investment interest in Rare Rabbit comes at a time its rivals such as billionaire Mukesh Ambanis Reliance are also gravitating towards premium fashion offerings.

Rare Rabbit is a recent entrant in Indias saturated market but it has made a mark.