Lyskraft raises $26 million in funding round led by Peak XV Partners

Gurugram-based fashion platform Lyskraft has raised $26 million ($216 crore) in a seed funding round led by Peak XV Partners.

Prosus, Sofina, partners of DST Global along with angel investors Deep Kalra, Rajesh Magow, and Deepinder Goyal along participated in the funding round.

Founded by Zomato co-founder Mohit Gupta and Myntra co-founder Mukesh Bansal, Lyskraft currently offers women’s fashion brands with plans to diversify its portfolio by launching new categories.

Commenting on the investment, Mohit Bhatnagar, managing director at Peak XV in a statement, “At its core, venture investing is about partnering with India’s best entrepreneurs to build generational companies. We are excited to work with Mohit, who has seen two ideas to IPO journeys – MakeMyTrip and Zomato, on the vision to build Lyskraft as a category-defining fashion and lifestyle company.”

Mohit Gupta added, “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, and manufacturing strength also puts us in a unique position to play a large role on the global stage.”

Lyskraft brands will be available for purchase on its online platform and recently launched premium pop-up store at Ambience Mall, Gurugram.