About Abhishti
Abhishti is a company based in Delhi (India) founded in 2012 by Rakesh Sareen was acquired by GOAT Brand Labs in January 2022.. Abhishti has raised $266.37 thousand across 1 funding round from investors including GOAT Brand Labs. The company has 3 employees as of April 06, 2024. Abhishti offers products and services including Kurtas, Sarees, and Dresses. Abhishti operates in a competitive market with competitors including Fashor, Suta, Dressfolk, Koskii and House of Chikankari, among others.
- Headquarter Delhi, India
- Employees 3 as on 06 Apr, 2024
- Founders Rakesh Sareen
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Abhishti Textile Private Limited
- Date of Incorporation 20 Apr, 2018
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$625.47 K (USD)126.37as on Mar 31, 2023
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Net Profit
$-318.14 K (USD)-285.97as on Mar 31, 2023
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EBITDA
$-297.6 K (USD)-320.34as on Mar 31, 2023
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Total Equity Funding
$266.37 K (USD)
in 1 rounds
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Latest Funding Round
$266.37 K (USD), Seed
Nov 30, 2021
- Investors
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Employee Count
3
as on Apr 06, 2024
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Acquired by
GOAT Brand Labs
(Jan 17, 2022)
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Products & Services of Abhishti
Abhishti offers a comprehensive portfolio of products and services, including Kurtas, Sarees, and Dresses. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Traditional Indian tops for ethnic occasions and daily wear
Indian ethnic dresses with woven designs for celebrations
Contemporary ethnic dresses blending modern and traditional styles
Funding Insights of Abhishti
Abhishti has successfully raised a total of $266.37K through 1 strategic funding round. The most recent funding activity was a Seed round of $266.37 thousand completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $266,370
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First Round
First Round
(30 Nov 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Abhishti | Valuation | GOAT Brand Labs |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abhishti
Abhishti has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include GOAT Brand Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment and scaling of D2C lifestyle brands are facilitated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Abhishti
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Abhishti
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abhishti Comparisons
Competitors of Abhishti
Abhishti operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fashor, Suta, Dressfolk, Koskii and House of Chikankari, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ethnic wear for women is offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Online platform selling traditional Indian apparel and accessories.
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| domain | founded_year | HQ Location |
Handcrafted ethnic wear for women is offered online by Dressfolk.
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| domain | founded_year | HQ Location |
Ethnic wear for women is offered online by Koskii.
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| domain | founded_year | HQ Location |
Hand-embroidered Chikankari apparel for men and women is provided.
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| domain | founded_year | HQ Location |
Women's apparel is offered through an internet-first brand.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Abhishti
When was Abhishti founded?
Abhishti was founded in 2012 and raised its 1st funding round 9 years after it was founded.
Where is Abhishti located?
Abhishti is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Abhishti a funded company?
Abhishti is a funded company, having raised a total of $266.37K across 1 funding round to date. The company's 1st funding round was a Seed of $266.37K, raised on Nov 30, 2021.
How many employees does Abhishti have?
As of Apr 06, 2024, the latest employee count at Abhishti is 3.
What is the annual revenue of Abhishti?
Annual revenue of Abhishti is $625.47K as on Mar 31, 2023.
What does Abhishti do?
Abhishti was founded in 2012 in Delhi, India, by Rakesh Sareen as an internet-first brand in the fashion sector. Ethnic apparel for men and women is provided through the domain abhishti.com. The product range includes kurta sets, kurtas, kurtis, dresses, tops, shrugs, kurta pyjamas, jackets, afgani pants, and dupattas. Operations focus on online sales within the Indian market.
Who are the top competitors of Abhishti?
Abhishti's top competitors include Fashor, Dressfolk and House of Chikankari.
What products or services does Abhishti offer?
Abhishti offers Kurtas, Sarees, and Dresses.
Who are Abhishti's investors?
Abhishti has 1 investor. Key investors include GOAT Brand Labs.
What is Abhishti's valuation?
The valuation of Abhishti is $555.4K as of Nov 2021.
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