FUNDING NATIONAL
NEW DELHI, INDIA
By IFAB MEDIA - NEWS BUREAU - July 21, 2023 | 44 3 minutes read
Louis Stitch, a rapidly growing men's wear brand, has recently received significant funding from Space World Group, an investor known for its focus on technology and innovation. The investment, totaling an undisclosed amount, is earmarked for expanding the brand's product portfolio in the men's wear segment and strengthening its retail capabilities across major metropolitan cities in India. With the successful launch of its first brand outlet and ambitious plans for further expansion, Louis Stitch is poised for significant growth in the coming years.
Louis Stitch, a prominent name in the men's wear industry, has secured a substantial investment from Space World Group, signifying a significant stride in the brand's commitment to excellence in quality and manufacturing expertise. The infusion of funds will enable the brand to expand its product offerings and enhance its retail reach across various cities in India, catering to a diverse and extensive clientele.
Ankit Goel, the Chairman of Space World Group, expressed his enthusiasm for the investment, highlighting the shared ethos of innovation between Space World Group and Louis Stitch. He emphasized the potential of the partnership to further elevate the brand's standing in the market and its ability to meet the demands of consumers in India and beyond. The launch of Louis Stitch's inaugural brand outlet is only the beginning of an exciting journey for the brand, with promising developments expected in the years ahead.
Amol Goel, Founder and CEO of Louis Stitch, expressed gratitude for having Space World Group as their investor, recognizing the investor's expertise and technological prowess. He emphasized that the investment would propel the brand's offline retail expansion plans to new heights, allowing them to reach prominent marketplaces across various cities. The focus will also be on introducing new product offerings, ensuring a diverse and compelling collection for the discerning consumers.
Currently, Louis Stitch sells its products pan India through its official website and leading e-commerce platforms such as Amazon, Flipkart, and Myntra. The successful funding from Space World Group will play a pivotal role in boosting the brand's presence in the offline retail space and establishing a strong footing in major metropolitan cities.
With the strategic investment from Space World Group, Louis Stitch is poised to capitalize on the burgeoning demand for high-quality men's wear in India. The brand's commitment to innovation, coupled with the backing of a forward-thinking investor, positions Louis Stitch for remarkable growth and success in the competitive fashion market. As the brand sets its sights on expanding its retail footprint, consumers can look forward to more exceptional products and a seamless shopping experience.