KALKI Fashion, India’s leading premium occasion wear brand, has raised INR 225 Crore from Lighthouse Funds.
The Rainmaker Group acted as the exclusive advisor on this transaction.
"This was our first time raising institutional capital, and having an experienced partner like TRMG truly helped. Avijit, KP and Kewal's in-depth understanding of our business and thoughtful advice at every step made a huge difference. It was a long and eventful journey, and their perseverance and calming presence helped us keep our eyes on the ball", said Saurabh Gupta, Founder and CEO of Kalki Fashion.
Kewal Doshi, from The Rainmaker Group said “Fashion is always a challenging sector to build in: consumer preferences are regional, competition is fierce, loyalty is rare, and fast-evolving trends make inventory management a task. KALKI, however, has proved itself as a strong outlier in the space. The team has truly captured the pulse of what the affluent Indian consumer is looking for, and continues to surprise and delight customers with its creativity. This, coupled with strong unit economics, agile execution, and capital-efficient operations ensures that KALKI has all the ingredients to firmly establish itself as the market leader in years to come. Building a brand like this takes undying commitment and an exceptional mindset, which is evident with Saurabh, Shishir, Nishit and the entire team"
About KALKI Fashion
Founded in 2007 by Saurabh, Shishir and Nishit Gupta, KALKI specialises in premium bridal, festive, and occasion wear for both men and women. The brand has a growing network of large-format flagship stores across major Indian cities. Through its D2C e-commerce platform, the brand offers a unique customisable experience, building a strong global presence with a significant customer base in the US, UK, Canada, and Australia.
About The Rainmaker Group
The Rainmaker Group is the investment banking partner of choice for India’s private businesses as they traverse their fundraising journey - from their first growth round to pre-IPO. The firm has delivered growth equity and secondary transaction milestones for over a dozen unicorns, soonicorns, and now-listed businesses.
The firm’s ‘rainmakers’ pride themselves on a founder-like mindset and a proprietary execution process that has delivered industry-leading closure rate and client retention. The Rainmaker Group’s relationship with global investors is underpinned by thoughtful client selection and an insight-driven approach to dealmaking.
To know more about The Rainmaker Group, get in touch with
Dhwani Mehta - dhwani.mehta@trmg.in
