Home / Knowledge / News / Apparel/Garments / Online fashion retailer Bewakoof plans offline foray
Online fashion retailer Bewakoof plans offline foray
30
Aug '16
Courtesy: Bewakoof
Courtesy: Bewakoof
By raising $4-5 million through a new clutch of investors, online lifestyle and fashion retailer Bewakoof is giving another shot at setting up brick and mortar retail stores. It will set up a few stores in Mumbai before moving to other cities. Earlier, the website, which is backed by founders of Snapdeal had attempted to start offline retail in 2014.

“Since our online business is doing well, we want to slowly get back to giving our consumers the brand experience through flagship stores which would measure between 2,000-3,000 sq. feet'', Prabhkiran Singh, co-founder, Bewakoof told Businessline.

The fashion retailer after having built a private label namesake brand also plans to sell the label across other online marketplaces like Amazon and Flipkart.

“We have been able to garner healthy margins and have also been profitable, since we design and manufacture our private label,” Singh added.

“Having raised angel funding, we are now looking at PE and VC funds to raise capital and slowly make an entry into brick and mortar retail with our flagship stores,'' he informed. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search