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Funding · Commerce & Consumer Brands

House of Chikankari raises Rs 25 crore Series A

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Date
Company
House of Chikankari
What it does
D2C ethnic wear brand
Kind
Funding
Amount
Rs 25 crore
Stage
Series A
Based in
Delhi
Founded
2020
Sector
Commerce & Consumer Brands

What they do

House of Chikankari sells authentic hand-embroidered chikankari apparel for women

What happened

It raised Rs 25 crore in Series A funding led by Cap Alpha Ventures

Why it matters

The brand has an annual revenue run rate of Rs 50 crore and supports over 10,000 women artisans

The details

  • House of Chikankari raised Rs 25 crore in Series A funding.
  • The round was led by Cap Alpha Ventures, formerly Client Associates Alternate Fund.
  • The brand is a women-led D2C ethnic wear company founded by a mother-daughter duo.
  • It sells authentic hand-embroidered chikankari apparel blending traditional Lucknowi designs with contemporary styles.
  • The company has an ARR of Rs 50 crore in FY26 with over 50% growth.
  • It has served over 2 lakh customers and ships to 20+ countries.
  • The brand appeared on Shark Tank India Season 2 in 2023.

The bigger picture

  • India's D2C fashion segment is projected to cross $112 billion by 2030, growing at 25% CAGR.
  • House of Chikankari supports over 10,000 women artisans across India.
  • The company plans to expand offline with EBOs in tier 1 cities and experiment with quick commerce.

About the business

  • House of Chikankari is a women-led D2C ethnic wear brand based in Delhi.
  • It sells authentic hand-embroidered chikankari apparel blending traditional Lucknowi designs with contemporary styles.
  • Products include kurtas, kurta sets, sarees, kaftans, tops, shirts, and bottom wear.
  • About 80% of revenue comes from its own website, and 20% from marketplaces like Myntra, Amazon, and Nykaa.
  • The brand has over 1,000 SKUs live and launches 100 new designs per month across 10+ categories.
  • Average order value on its D2C platform is Rs 3,500.
  • It supports over 10,000 women artisans across India.
  • The company is at steady-state break-even.

What happens next

  • The company will use the funds to expand its product portfolio and strengthen omnichannel presence with offline retail push.
  • It plans to improve working capital efficiency and invest in team expansion and marketing.
  • House of Chikankari will open exclusive brand outlets (EBOs) in tier 1 cities like Delhi, Mumbai, Bengaluru, Kolkata, and Hyderabad over the next 18-24 months.
  • It will go live with Myntra's M-Now quick commerce service as a first experiment.
  • The brand aims for 2-3x growth over the next 2-3 years.

The deal

Type
Series A

Investors

  • Cap Alpha Ventures (lead) — Cap Alpha Ventures is an alternate investment fund, formerly known as Client Associates Alternate Fund (CAAF).

Founders

  • Aakriti Rawal, co-founder
  • Poonam Rawal, co-founder

About House of Chikankari

Product
Hand-embroidered chikankari apparel and related ethnic wear.
Customers
Consumers buying ethnic wear, primarily through online channels.
How it makes money
Direct-to-consumer apparel sales through its own site, app, and marketplaces.
What sets it apart
Combines traditional Lucknowi chikankari craftsmanship with contemporary designs and a large artisan network.
Operations
Works with more than 10,000 artisans and sells via website, app, and marketplaces.

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