FUNDING INTERNATIONAL EXPANSION NATIONAL
GUJARAT, INDIA
By IFAB MEDIA - NEWS BUREAU - June 23, 2023 | 53 3 minutes read
Fashion is an industry that is known for its competitiveness and high demand for innovation. French Crown, a premium fast-fashion brand, has raised Rs 8.6 crore in multiple tranches from revenue-based financier Velocity to help with their global expansion goals. The brand is available to customers in over 90 countries and has a 50 per cent customer retention rate, which is higher than the industry average. French Crown also launches over 200 new designs every week, making it a leader in the fast-fashion industry.
Ilesh Ghevariya and Bhavidip Ghevariya, Co-Founders of French Crown, expressed their excitement over the partnership with Velocity. They said that the financing has allowed them to invest in strategic marketing initiatives and increase brand visibility globally. French Crown has already achieved a significant milestone by becoming a Rs 100-crore bootstrapped brand, which shows their ability to grow in a highly competitive market.
“This partnership has enabled us to invest in strategic marketing initiatives, resulting in increased brand visibility across the globe, and has helped us achieve a significant milestone by becoming a Rs 100-crore bootstrapped brand, demonstrating our ability to grow in a highly competitive market,” said Ilesh Ghevariya and Bhavidip Ghevariya, Co-Founders of French Crown.
“With a steadfast commitment to sustainability, the company has proven that it’s possible to launch over 200 new designs every week while practising fair trade and minimising their environmental impact,” said Atul Khichariya, Co-Founder and COO of Velocity.
In addition, French Crown believes that fashion should be accessible to everyone, regardless of their gender, location, or background. The brand offers a wide range of stylish and sustainable clothing for both men and women, ensuring that every garment is not only fashionable but also environmentally responsible.
French Crown stands out among its competitors by providing sustainable and ethical fashion while keeping up with the latest trends. Their partnership with Velocity will help the brand continue its global expansion. As consumers become more aware of the environmental and ethical impact of their fashion choices, companies like French Crown set an excellent example for the industry. Let us support brands that offer sustainability and style in equal measure.