Funding · Commerce & Consumer Brands
Luxury For You in talks to raise funding with ex-BharatPe cofounder joining as cofounder/CEO
By Startup Enthusiast ·
- Date
- Company
- Luxury For You
- What it does
- luxury ecommerce platform
- Kind
- Funding
- Amount
- Undisclosed
- Based in
- Dubai
What they do
Luxury For You is a luxury ecommerce platform offering access to authentic global luxury inventory
What happened
The company is in talks to raise a fresh round of funding and has Shashvat Nakrani, former BharatPe cofounder, in talks to join as cofounder and CEO
Why it matters
The platform aims to connect Indian consumers directly to global luxury inventory and competes with FarFetch and Mythersa in India
The details
- Luxury For You, a luxury ecommerce platform, is in talks to raise a fresh round of funding.
- Shashvat Nakrani, former cofounder and COO of BharatPe, is in talks to join the startup as its cofounder and CEO.
- Nakrani will lead the operations of Luxury For You if he joins the company.
- The platform was founded in 2024 by Kuldeep Singh Ahluwalia and Vaibhav Singh.
- Luxury For You offers access to more than 1,200 global luxury brands and 2.5 lakh SKUs.
- The platform uses NFC authentication to ensure product authenticity and prevent counterfeit goods.
- It has an average order value of $717 (₹68,070) and a contribution margin of 41.3%.
- Luxury For You plans to use the fresh funds to bolster its technology infrastructure and customer acquisition.
The bigger picture
- Luxury For You is positioning itself as a competitor to FarFetch and Mythersa in the luxury ecommerce space.
- The platform has an offline experience centre in Dubai and allows Indian users to place orders.
- Nakrani is expected to spearhead the company's expansion in India.
- The startup aims to connect Indian consumers directly to global luxury inventory.
About the business
- Luxury For You is a luxury ecommerce platform that offers access to authentic global luxury inventory.
- The platform provides exclusive membership discounts to its paid members.
- It operates in the UAE and has an offline experience centre in Dubai.
- Indian users can currently place orders on the platform.
- The company uses NFC authentication to ensure product authenticity and prevent counterfeit goods.
- Luxury For You claims to provide access to more than 1,200 global luxury brands and 2.5 lakh SKUs.
- The platform has an average order value of $717 (₹68,070) and a contribution margin of 41.3%.
What happens next
- Luxury For You plans to use the fresh funds to bolster its technology infrastructure and customer acquisition.
- The company aims to build the technology and supplier infrastructure that connects Indian consumers directly to global luxury inventory.
- Shashvat Nakrani is expected to spearhead the company's expansion in India.
The deal
- Type
- funding
Founders
- Kuldeep Singh Ahluwalia, co-founder
- Vaibhav Singh, co-founder
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