Indya raises Rs 50 crore from Sangita Jindal, others
Three fourths of the funding is equity infusion for a minority stake, while the rest is debt, Indya's co-founder Shivani Poddar said.
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Three fourths of the funding is equity infusion for a minority stake, while the rest is debt, Indya's co-founder Shivani Poddar said.
This fund infusion enables Indya to undertake strategic business expansion of its premium occasion wear range and chart a growth roadmap for a significant play in the occasion and wedding wear market, it said. Indya has strategic collaborations with Indian designers including Rohit Gandhi and Rahul Khanna, Varun Bahl, Ashish N Soni and Nikhil Thampi.
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Indya currently has 12 brand outlets in eight cities and 150 large-format retail stores. It now plans to expand its presence by adding 10 wedding stores this financial year.
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