Stylox Fashion raises Rs 2 crore in funding round (#1683275)

Stylox Fashion Pvt Ltd, a leading denim brand has raised Rs 2 crore ($2,36,175) in its maiden funding round from RTAF Angel Fund and Avid Capital Services.

The brand will utilise the funds to expand its retail presence and reach a broader audience across the country.

Stylox plans to take the franchise route and partner with small-scale garment retailers for its pan-India expansion.

Commenting on the funding, Vishal Mehra, founder of Stylox in a statement said, “This funding is not just a financial boost; it’s a validation of our vision and the trust we’ve earned in the market. We’re excited to leverage this opportunity to enhance our franchise network and continue delivering premium products at value-driven prices.”

Founded by Vishal and Ritika Mehra, Stylox currently has a retail presence of 40 stores across India and sells online through its website.