>>
Rewind 2021 and prospects for 2022 Rewind 2021 and prospects for 2022
Home / Knowledge / News / Apparel/Garments / eShakti raises $2.3 mn debt funding from BlackSoil Capital
eShakti raises $2.3 mn debt funding from BlackSoil Capital
11
Dec '17
Courtesy: eShakti Pvt. Ltd.
Courtesy: eShakti Pvt. Ltd.
Women’s fashion clothing company eShakti Pvt. Ltd, which focuses on the US and Canadian markets and also runs an Indian e-commerce unit Zapelle, has raised $2.3 million in debt funding from Mumbai-based non-banking finance company BlackSoil Capital Pvt. Ltd. The funds will be used to expand operations and introduce new fashion products for the spring season.

The company had raised $1.34 million from investment firm Infina Finance Pvt. Ltd and financial services provider Polaris Banyan Holding Pvt. Ltd last year.

Founded in 1999 by BG Krishnan, eShakti began as a website offering basic cottons and embellished pieces and moved towards made-to-measure and made-by-design mainstream fashion clothing for women. The firm, with operational presence in Chennai, Delhi, New York and Seattle, has design teams in New York, London and India.

The company, which has raised a total of $15 million in equity, has identified Europe and Australia as its next focus and is eyeing around $25 million as part of its targeted Series C round, Indian media reports quoted Krishnan as saying.

BlackSoil Capital is an arm of asset management company BlackSoil Group. This is Blacksoil’s second investment in a women-focused brand after Chumbak, Mohinder Bansal, founding partner at BlackSoil Capital, said in a press note released by eShakti. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 29th Jan 2022

EU refers China to WTO following trade restrictions on Lithuania

The EU recently filed a case at the World Trade Organisation against...

Pic: Shutterstock

Apparel/Garments | On 29th Jan 2022

Philippines misses Jan 1 RCEP deadline; to conduct public hearing

The Philippines missed the January 1 effectivity of the Regional...

Pic: Shutterstock

Textiles | On 29th Jan 2022

ILO, BGMEA join hands to continue safety momentum in RMG sector

The International Labour Organisation (ILO) and the Bangladesh...

Interviews View All

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Mumin Can Eker,

Mumin Can Eker

Maseksport Inc is a readymade garment exporter. Founded in Izmir in 1989,...

Dhiraj Shah,

Dhiraj Shah

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), set...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Kamal Khushlani, Mufti

Kamal Khushlani
Mufti

Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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

Leave your Comments

ESTEEMED CLIENTS

Sainsbury's Argos Asia Limited
SYNERGIES HONG KONG LIMITED
THE BOMBAY DYEING ;& MFG.CO. LTD
G-Star Raw C.V.
BIANCA
Alison Hayes Romania
Target Corporation (MN)
Esprit Europe Services GmbH
Recron Polyester from Reliance Industries Limited
OVS Hong Kong Sourcing Ltd.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Sateri (Jiujiang) Fiber Co.,Ltd
Chico’ FAS
Guess Europe Sagl,
Babyshop
The LYCRA Company Singapore  Pte. Ltd
NITI Aayog
Brandix Lanka Limited
Landmark Group
Maceton Limited
Varner AS Retail
Benetton Group
Splash
Grasim Industries Limited
Page Industries Limited (Bangalore)
IKEA of Sweden AB
J ;& P Coats
Hirdaramani International Export Private Limited
Gokaldas Exports Limited
Bluestem Global Sourcing Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Seasalt Limited
Lululemon Athletica Inc
Midas Clothing Limited
Abit
Puma
Etam Group Strategy Hong Kong Limited
Chori Company Limited
Gloria Jeans
Calvin Klein
Rayonese Textile Inc., Division de Culp Inc.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
T.T. Limited
Lifestyle
Eastman Chemical Company
Sportmaster Ltd.
BIMBA ;& LOLA SL
Tory Burch Hong Kong Ltd
Lenzing Aktiengesellschaft
PVH Corporation
KAS Direct Sourcing
C;&A Sourcing International Ltd
Vianney Textil Hogar S.A. De C.V.
TESCO INTERNATIONAL SOURCING LIMITED
Sportswear Company Spa
Phong Phu international JSC (PPJ)
Restoque S.A.
Truetzschler India Private Limited
Cat Tuong Real Estate Group Joint Stock Company
LC Waikiki
Gap International Sourcing Limited
Alix Partners
Gatsby Africa
Lacoste (Wanchai)
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Tommy Hilfiger
International Textile Manufacturers Federation
IDH – The Sustainable Trade Initiative
Walmart
Aquarelle Clothing Limited
MAS Active / MAS Kreeda / MAS Bodyline
Boardriders Asia Sourcing Limited
Huntsman (Singapore) Pte Ltd
Desigual - ABASIC, S.A.
H;&M Hennes ;& Mauritz (Far East) Ltd
Under Armour Global Sourcing Ltd
John Varvatos
Arvind Limited
Decathlon
Rosset ;& Cia Limited
Hela Clothing Pvt Ltd
Helly Hansen Far East Ltd
Reiter India Private Limited
Asos
Green Fibre
The Top Form Brassiere Manufacturing Company Limited
SHAHI Exports Pvt Ltd
Groz-Beckert East Asia LLP
KIABI
Lisa S.P.A.

January 2022

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


Advanced Search