Milestone · Commerce & Consumer Brands
Libas crosses ₹1,000 crore ARR milestone
By Startup Enthusiast ·
- Date
- Company
- Libas
- What it does
- Indian ethnic wear brand
- Kind
- Milestone
What they do
Libas is an Indian ethnic wear brand that started with affordable workwear kurtas for women
What happened
The company has crossed ₹1,000 crore annualised revenue run rate and is profitable since inception
Why it matters
It pivoted to fast fashion, reducing production cycles from 100 days to 45-60 days
The details
- Libas, an Indian ethnic wear brand, has crossed ₹1,000 crore in annualised revenue run rate (ARR).
- The company also achieved a revenue milestone of ₹600 crore.
- It was bootstrapped for nearly a decade and has been profitable since day one.
- Founder and CEO Sidhant Keshwani joined the family textile business in 2014.
- The brand started as affordable functional Indian workwear for women sold online.
- It later pivoted to fast fashion in ethnic wear, reducing production cycles from ~100 days to 45-60 days.
- Its entry category was workwear kurtas priced at ₹600-₹700.
- Distribution is a mix of online and offline channels.
The bigger picture
- The Indian ethnic wear market is fragmented, unorganised, and has low brand penetration.
- Online adoption in this segment was initially resistant.
- More women entering careers, busier lifestyles, and social media exposure are driving demand for variety.
- India's supply chain for ethnic wear faces challenges: small factories, inconsistencies, labour issues, and delays.
About the business
- Libas is an Indian ethnic wear brand.
- It started as affordable functional Indian workwear for women sold online.
- Its entry category was workwear kurtas priced at ₹600-₹700.
- The company pivoted to fast fashion in ethnic wear, reducing production cycles from ~100 days to 45-60 days.
- Distribution is a mix of online and offline channels.
- It has been bootstrapped for nearly a decade and profitable since day one.
- Its annualised revenue run rate (ARR) is ₹1,000 crore+.
- Revenue milestone: ₹600 crore.
What happens next
- Growing ambitions across categories and geographies.
Founders
- Sidhant Keshwani, Founder and CEO
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