eShakti raises INR 12 crores through Klub for growth and global expansion

The leading Revenue Based Financing platform in India, Klub, revealed today that Chennai-based women's clothing company eShakti has raised INR 12 crores using the platform. The new funds will be used by the business for growth and regional expansion.

eShakti, a 2011 startup that offers mass personalization, has revolutionized western women's fashion clothes. It is the top brand for bespoke apparel and is available in over 30 countries, including the US, UK, France, Germany, and India.

Every customer's specific height, size, and preferred style are taken into account when creating their clothing. Due to 0% finished goods waste or inventory, eShakti's made-to-order business model also ranks highly in terms of sustainability. It reacts to real-time shifts in trends and can launch new products in less than a week.

Women come in a variety of shapes, sizes, and heights, according to eShakti creator B.G. Krishnan, who commented on the news. Additionally, they have certain standards for the length, sleeve, and neckline. This variety of needs cannot be met by the fashion industry's inventory-based paradigm. Only eShakti's unique, tech-based, made-to-order fulfilment system has demonstrated that it is able to achieve it at scale. It has created an international consumer brand in the US and elsewhere thereby. Through Klub, eShakti is spending these non-dilutive monies in order to expand its product line across a wider range of textiles.

There are offices for eShakti in New York, Chennai, and Delhi NCR. Previously, Paragon Partners, IvyCap, and Chiratae Ventures provided institutional funding to the company.

Custom-made apparel in the fashion sector is a specialty category, and eShakti is a market leader in this niche, according to Anurakt Jain, co-founder and CEO of Klub, who was speaking about the announcement. We intend to build on eShakti's solid technological foundation and support their expansion with Klub's capital funding.

Klub offers quick and flexible capital to digital businesses without having to reduce equity. Klub has funded more than 450 brands in 900 investment rounds since its founding. Visit Klub for additional information.

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Email ravi.dubey@klubworks.com

Klub is India's leading Revenue Based Financing platform providing flexible growth capital to digital-first companies and SMEs. Klub provides flexible capital for recurring marketing, inventory, and capex spending to a wide variety of digital-first companies and SMEs across e-Commerce, D2C, ed-tech, SaaS, and the broader digital commerce spectrum. Revenue Based Financing takes a revenue share as returns instead of equity dilution, fixed EMIs, and personal guarantees, making it ideal for a post-COVID financing ecosystem. Klub has raised two rounds of capital from 9Unicorns, Surge (Sequoia Capital India's accelerator fund), Alter Global, GMO VenturePartners, EMVC Fintech Fund, and marquee global angels. For More Info Visit - https://klubworks.com

This release was published on openPR.