Louis Stitch funding: Raises INR 5 Crore in Pre-Series A Round, Marks Significant Milestone

Louis Stitch, a premium men’s wear brand, has recently secured INR 5 crore in the ongoing Pre-Series A funding round from Space World Group, a prominent company interested in various sectors. This infusion of funds is set to accelerate Louis Stitch’s ambitious expansion plans in the retail space, enabling the brand to enhance its product portfolio and establish a strong presence across major metropolitan cities in India.

Louis Stitch: Trailblazing in Men’s Wear Fashion

Louis Stitch, founded in 2019 by Amol Goel, has established itself in premium men’s fashion. The brand’s dedication to providing Indian men with luxurious products at affordable prices has garnered excellent customer response and fuelled its rapid growth in the market.

Louis Stitch’s reputation is built on the authenticity of its premium leather and meticulously handcrafted leather goods. Each item is crafted by top craftsmen in the world, ensuring that every knot is sewn with precision and attention to detail.

Expansion Plans and Retail Reach

With the freshly secured funding from Space World Group, Louis Stitch aims to broaden its product offerings in the men’s wear segment while expanding its retail capabilities pan India. The brand is currently in the process of launching its first-ever brand outlet, which will feature an extensive range of apparel, accessories, and footwear catering to Indian men.

Furthermore, Louis Stitch has already gained a robust online presence through leading e-commerce platforms like Amazon, Flipkart, and Myntra. The funding will enable the brand to take its retail reach to the next level by establishing exclusive brand outlets in prominent marketplaces across cities.

Ankit Goel, Chairman of Space World Group, expressed enthusiasm for the partnership with Louis Stitch, acknowledging the brand’s commitment to the finest quality and manufacturing expertise. He anticipates exciting prospects for Louis Stitch as the brand ventures into offline retail expansion and continues to cater to an expansive clientele in India and beyond.

While the brand has gained popularity for its formal styling options, Louis Stitch is diversifying its portfolio by introducing premium casual footwear in the coming months. This move is expected to expand the brand’s customer base further and strengthen its position in the men’s fashion market.

Amol Goel expressed gratitude for the investment from Space World Group and emphasized the brand’s dedication to curating a line that meets all the fashion needs of Indian men.

Louis Stitch funding

The brand had raised INR 5 crore from the family office of Ajay Bijli earlier in April 2023, thus securing a total of INR 10 crore in the pre-Series A round.

The funding marks a significant milestone in the brand’s journey and the company aims to achieve a Gross Turnover of INR 100 crore by the end of FY24.

Louis Stitch’s recent funding is a testament to its commitment to providing premium men’s fashion options for the Indian market. With the backing of Space World Group, the brand is well set to expand its product range and enhance its retail presence across the country.

As Louis Stitch continues attracting fashion-conscious men with its high-quality materials and innovative designs, its journey toward becoming a prominent player in the men’s wear segment appears firmly on track.

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