Funding · Commerce & Consumer Brands
House of Chikankari raises Rs 25 crore Series A
By Startup Enthusiast ·
- 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
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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