About Hela Clothing
Hela Clothing is a company based in Colombo (Sri Lanka) founded in 2018.. Hela Clothing has raised $31 million across 3 funding rounds from investors including Norfund and Aavishkaar Capital. Hela Clothing has completed 1 acquisition, including Focus Brands. Hela Clothing offers products and services including Intimates, Sportswear, and Kidswear.
- Headquarter Colombo, Sri Lanka
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hela Apparel Holdings Plc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$31 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Debt – Conventional
Jun 19, 2023
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Investors
Norfund
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Hela Clothing
Hela Clothing offers a comprehensive portfolio of products and services, including Intimates, Sportswear, and Kidswear. 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.
Innovatively designed underwear for men and women
Apparel for ease of movement and performance activities
Comfortable clothing designed for children
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Funding Insights of Hela Clothing
Hela Clothing has successfully raised a total of $31M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5 million completed in June 2023. 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 3
- Last Round Debt – Conventional — $5.0M
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First Round
First Round
(27 Nov 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Debt – Conventional - Hela Clothing | Valuation |
investors |
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| Feb, 2023 | Amount | Series A - Hela Clothing | Valuation | Norfund |
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| Nov, 2018 | Amount | Series A - Hela Clothing | Valuation |
investors |
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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 Hela Clothing
Hela Clothing has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Norfund and Aavishkaar Capital. 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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Venture capital firm
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Founded Year | Domain | Location | |
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It invests in developing countries to create jobs and improve lives
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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 Hela Clothing
Hela Clothing has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Focus Brands. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Iconic multi-channel foodservice brands are developed and franchised worldwide.
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1991 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hela Clothing
| 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 |
Hela Clothing Comparisons
Competitors of Hela Clothing
| 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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Latest news on Hela Clothing
Frequently Asked Questions about Hela Clothing
When was Hela Clothing founded?
Hela Clothing was founded in 2018.
Where is Hela Clothing located?
Hela Clothing is headquartered in Colombo, Sri Lanka. It is registered at Colombo, Western Province, Sri Lanka.
Who is the current CEO of Hela Clothing?
Dilanka Jinadasa is the current CEO of Hela Clothing.
Is Hela Clothing a funded company?
Hela Clothing is a funded company, having raised a total of $31M across 3 funding rounds to date. The company's 1st funding round was a Series A of $17M, raised on Nov 27, 2018.
What does Hela Clothing do?
Hela Clothing was established in 2018 in Colombo, Sri Lanka, as a private label manufacturer within the apparel sector. Production of clothing items is handled for various brands, with operations centered on garment fabrication and supply chain management. The company is led by CEO Dilanka Jinadasa, and activities are based primarily in Sri Lanka to serve international clients in the fashion industry.
What products or services does Hela Clothing offer?
Hela Clothing offers Intimates, Sportswear, and Kidswear.
How many acquisitions has Hela Clothing made?
Hela Clothing has made 1 acquisition, including Focus Brands.
Who are Hela Clothing's investors?
Hela Clothing has 2 investors. Key investors include Norfund, and Aavishkaar Capital.