Omnichannel fashion startup Lyskraft has raised $26 million in a funding round led by Peak XV Partners. In a separate development, Capria Ventures closed its India Opportunity Fund at Rs 153 crore ($19 million).
Lyskraft raises $26m
Omnichannel fashion startup Lyskraft, founded by Zomato co-founder Mohit Gupta, alongside Myntra and Cultfit co-founder Mukesh Bansal, has raised $26 million in a funding round led by Peak XV Partners.
The round also saw the participation of Prosus, Sofina & Partners, and DST Global, besides startup founders including Deep Kalra & Rajesh Magow of Makemytrip. Zomato founder Deepinder Goyal, among other industry leaders, also pumped in capital.
“The future of retail is omnichannel, especially for categories like premium fashion where touch, feel and experience of the actual product are key to consumer choice in the category. India’s deep roots in fabrics, craft, creative heritage & manufacturing strength also put us in a unique position to play a large role on the global stage.” Gupta said.
The company said it has been building in stealth mode for the past few months and that it recently launched a premium pop-up store at Ambience Mall Gurugram and an online platform as a market testing initiative.
Capria Ventures closes India Opportunity Fund at $19m
Capria Ventures has closed its India Opportunity Fund at Rs 153 crore ($19 million).
Capria Ventures invests in early and early-growth stage startups in the Global South (India, Latin America, Africa, and Southeast Asia) region across a range of sectors, including fintech, jobtech, edtech, agtech, climate, and SaaS.
In February 2023, Capria achieved the first close of its India Opportunity Fund at Rs 75 crore (announced originally as Unitus Ventures India Opportunity Fund before Capria and Unitus joined forces to operate as a single brand, Capria, in September 2023).
Capria and other investors in Awign, India’s on-demand work fulfillment platform, have sold their stake in the company in a buyout by Japanese conglomerate Mynavi Corp.
