Louis Stitch raises Rs 5 crore from Space World Group

Premium men’s fashion brand, Louis Stitch has raised Rs 5 crore ($6,09,404) in pre series A funding round from Space World Group.

The brand will utilise the funds to expand its product portfolio in the men’s wear segment and expansion of its retail capabilities across India.

Louis Stitch has recently launched its first brand outlet and plans to further its retail reach across major metropolitan cities during the current financial year.

Commenting on the investment, Ankit Goel, chairman of Space World Group in a statement said, “This funding signifies a powerful stride towards amplifying the brand’s commitment to finest quality, and manufacturing expertise, catering to an expansive clientele within India and beyond. With the launch of the brand’s first-ever outlet, it is exciting to see what Louis Stitch has in store for in the years to come.”

Amol Goel, founder CEO of Louis Stitch added, “We are honoured to have Space World Group as our investor, a company deeply invested in technology and innovation like the ethos of Louis Stitch. 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 products offerings.”

Louis Stitch sells pan India through its website and leading e-commerce platforms like Amazon, Flipkart, and Myntra.