Dressfolk Raises Rs 3.3 Crore In Seed Funding Led By All In Capital
Indian ethical clothing brand Dressfolk has announced a significant milestone in its growth journey, raising Rs 3.3 crore in a seed round of funding. The funding round was spearheaded by All In Capital, with participation from notable strategic investors such as Sidhant Keshwani of Libas, Sidhesh Chauhan of Jade Blue and Riju Jhunjhunwala of RSWM Ltd.
With this fresh injection of capital, Dressfolk aims to further enhance its product offerings, expand its distribution channels and grow its team and operational capacity.
The funding round also attracted a group of angel investors, including Vikrampati Singhania from JK Family Office, FinFirst Advisors, Apurva Ramesh Damani from Damani Family Office, and Pranav Sanghvi of Petronas. The company’s existing investor base features notable names like Prabhtej Singh Bhatia, co-founder of Falcon, Vidur Kataria, founder of MasterChow, Arjit Johri of Marshot Ventures, Harbir Singh Banga of Victora Group, Samyak Deora of Deora Group, Adit Desai of Doc Tutorials and former business journalist and marketer Megha Vishwanath.
All In Capital’s co-founder Aditya Singh expressed confidence in Dressfolk’s potential impact in the rapidly growing ethnic wear segment, particularly noting the surge in popularity of sarees.
Sidhant Keshwani, Founder at Libas, highlighted the competitive landscape of India’s direct-to-consumer (D2C) market, emphasizing Dressfolk’s potential to disrupt and establish itself as a prominent brand in the luxury handloom space.
