Premium men’s fashion brand, Louis Stitch, has secured Rs five crore in a Pre-Series A funding round, propelling its expansion plans into the retail space. The funding comes from Space World Group, a conglomerate in sectors like telecom, infrastructure, chemical, and manufacturing. 

With the allocated funds, the company aims to increase its product portfolio in the men’s wear segment whilst expanding its retail capabilities, pan India. The company is in the process of launching its first-ever brand outlet, which will offer a range of apparel, accessories and footwear made for aspirational Indian men. The brand intends to further its retail reach across major metropolitan cities during FY24.
 
The funding will enable Louis Stitch to achieve Rs 100 crore gross turnover by the end of FY24.
 
Commenting on this partnership, Ankit Goel, Chairman of Space World Group, said, “Louis Stitch has been a trailblazer in men’s wear fashion, bringing premium quality products at affordable prices for Indian men. This funding signifies a powerful stride towards amplifying the brand's commitment to the finest quality, and manufacturing expertise, catering to an expansive clientele within India and beyond. With the launch of the brand’s first-ever outlet in tow, it is exciting to see what Louis Stitch has in store for in the years to come.”
 
On the future of the brand, Amol Goel, Founder & CEO, of Louis Stitch, said, “We are honoured to have Space World Group as our investor, a company deeply invested in technology and innovation similar to the ethos of Louis Stitch. With this round of funding, we are committed to delivering on our promise of curating a line that addresses all fashion needs of Indian men, under one brand whilst expanding our retail presence in India to provide a world-class retail experience to the customers. This investment from Space World Group will take our plan for offline retail expansion to new heights and reach all prominent marketplaces across cities, with new product offerings.”