Bengaluru-based Women's Occasion-Wear Brand Koskii Raises INR 61 Crore in Series A Funding
Koskii, the leading women’s occasion-wear brand based in Bengaluru, has successfully raised INR 61 crore in a Series A funding round led by Baring Private Equity Partners India. The infusion of fresh capital will be utilized to expand offline stores, strengthen Koskii’s online presence, invest in technology platforms, and hire top talent. Steer Advisors, an investment banking firm that acted as the sole transaction advisor to Koskii, also participated in the funding round.
Founded in 2017 by brothers Umar Akhter, Sameen Eajaz, and Haroon Rashid, along with their sister Ayesha Saubia joining later, Koskii has quickly established itself as a leading brand in the women’s occasion wear category. The funding round is a testament to the brand’s success and growth potential.
Currently, Koskii has a strong offline presence in Bengaluru, Chennai, Delhi, Coimbatore, and Hyderabad, with plans to further expand into new cities. On the online front, the startup delivers orders to over 10,000 pin codes across India, catering to a wide customer base. Additionally, the brand is actively exploring opportunities for international expansion, aiming to reach a global audience.
“This funding round validates Koskii’s robust business framework, which leverages technology as its core. Built on the principles of frugality, jugaad, and above all, profitability, we have established a strong foundation for growth,” said Umar Akhter, Co-founder and CEO of Koskii, emphasizing the brand’s commitment to sustainable and profitable growth.
Baring Private Equity Partners India, with its vast experience and expertise, has invested over INR 4,000 crore across five funds in more than 90 companies operating in various sectors, including consumer, technology, manufacturing, BFSI, and pharma/healthcare. “The quality of the team, their integrity, the focus on unit economics, and the vision to make Koskii the first pan-India women’s occasion wear brand got us excited to be a part of the company’s growth journey,” said Mitali Chitre, Partner at Baring Private Equity Partners India, expressing their confidence in Koskii’s potential.
The funding infusion will enable Koskii to accelerate its expansion plans, enhance customer experience, and further establish itself as a household name in the women’s occasion-wear segment. The brand’s focus on delivering high-quality products, exceptional customer service, and leveraging technology will continue to drive its success in the market.
Founded in 2017 by brothers Umar Akhter, Sameen Eajaz, and Haroon Rashid, along with their sister Ayesha Saubia joining later, Koskii has quickly established itself as a leading brand in the women’s occasion wear category. The funding round is a testament to the brand’s success and growth potential.
Currently, Koskii has a strong offline presence in Bengaluru, Chennai, Delhi, Coimbatore, and Hyderabad, with plans to further expand into new cities. On the online front, the startup delivers orders to over 10,000 pin codes across India, catering to a wide customer base. Additionally, the brand is actively exploring opportunities for international expansion, aiming to reach a global audience.
“This funding round validates Koskii’s robust business framework, which leverages technology as its core. Built on the principles of frugality, jugaad, and above all, profitability, we have established a strong foundation for growth,” said Umar Akhter, Co-founder and CEO of Koskii, emphasizing the brand’s commitment to sustainable and profitable growth.
Baring Private Equity Partners India, with its vast experience and expertise, has invested over INR 4,000 crore across five funds in more than 90 companies operating in various sectors, including consumer, technology, manufacturing, BFSI, and pharma/healthcare. “The quality of the team, their integrity, the focus on unit economics, and the vision to make Koskii the first pan-India women’s occasion wear brand got us excited to be a part of the company’s growth journey,” said Mitali Chitre, Partner at Baring Private Equity Partners India, expressing their confidence in Koskii’s potential.
The funding infusion will enable Koskii to accelerate its expansion plans, enhance customer experience, and further establish itself as a household name in the women’s occasion-wear segment. The brand’s focus on delivering high-quality products, exceptional customer service, and leveraging technology will continue to drive its success in the market.
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