Hotline: 1800 102 2007
Hotline: 1800 102 2007
Sep, 26 2019

Lingerie brand Zivame targets $50 mn fundraise for expansion

With the proposed fund, the brand is aiming to expand the number of stores from 35 to 60 by FY20.

Lingerie brand Zivame targets $50 mn fundraise for expansion

Zivame, a leading lingerie brand, is planning to raise $50 million. With the proposed fund, the brand is aiming to expand the number of stores from 35 to 60 by FY20.

Zivame expects to cross Rs 250 crore in revenue in FY20 from a revenue of Rs 140 crore in FY19. The brand holds about 26% market share of online women's lingerie market in India.

At present, Zodius Capital, the technology-focused investment firm, is the largest shareholder in Zivame, with about 60%. In 2018, Zodius rose its stake by buying out early venture capital investors Kalaari Capital and IDG Ventures India.

The brand’s other shareholders include Ronnie Screwvala-promoted Unilazer Ventures and Malaysian sovereign fund Khazanah Nasional Bhd, together holding about 40% in Zivame.

Amisha Jain, CEO of Zivame, said, “The intimate wear market in India is witnessing rapid growth on the back of strong underlying macro tailwinds. Today only 6% of the 40 million online women shoppers buy lingerie online. The significant upswing is also expected from the base of online shoppers itself increasing from 40 mn to 130 mn by 2025. This underpenetrated innerwear market poses an opportunity to expand and thrive in the apparel market.”

Want to invest in a lingerie franchise? Visit Franchise India 2019, Asia’s Biggest Franchise & Retail Show, and give wings to your entrepreneurial dreams.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: As a Montessori preschool integrated with daycare, Bambino offers..
    Locations looking for expansion Kerala
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Thiruvananthapuram Kerala
  • About Us: Hunky Dory Global Pre School was established in 2013..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 1400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ice Creams & Yogurt Parlors
    About Us: Grandpa's  ice cream-Fresh & Naturalbrings in a wide range of..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Vedant Toddler Tech Preschool is mentored by Vedant International..
    Locations looking for expansion Gujarat
    Establishment year 2005
    Franchising Launch Date 2014
    Investment size
    Space required 2200
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities