About House of Masaba
House of Masaba is a company based in Mumbai (India) founded in 2009 was acquired by ABFRL in January 2022.. House of Masaba has raised $1.04 million across 1 funding round from investors including Purple Style Labs, ABFRL and Binny Bansal. The company has 90 employees as of November 09, 2024. House of Masaba offers products and services including Sarees, Lehengas, Kurtas, and Jewellery. House of Masaba operates in a competitive market with competitors including Rahul Mishra, ITRH, PRANAAH, Pashmal and Alok and Harsh, among others.
- Headquarter Mumbai, India
- Employees 90 as on 09 Nov, 2024
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name House Of Masaba Lifestyle Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$8.22 M (USD)35.44as on Mar 31, 2024
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Net Profit
$-2.65 M (USD)-90.33as on Mar 31, 2024
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EBITDA
$-917.64 K (USD)23.74as on Mar 31, 2024
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Total Equity Funding
$1.04 M (USD)
in 1 rounds
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Latest Funding Round
$1.04 M (USD), Seed
Jun 13, 2019
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Investors
Purple Style Labs
& 7 more
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Employee Count
90
as on Nov 09, 2024
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Acquired by
ABFRL
(Jan 14, 2022)
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Products & Services of House of Masaba
House of Masaba offers a comprehensive portfolio of products and services, including Sarees, Lehengas, Kurtas, and Jewellery. 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.
Ethnic garments for festive occasions with ready-to-ship options.
Traditional outfits for weddings and events via online platform.
Casual and formal attire available for direct purchase.
Fine pieces designed for ethnic ensembles online.
Funding Insights of House of Masaba
House of Masaba has successfully raised a total of $1.04M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.04 million completed in June 2019. 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 — $1.0M
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First Round
First Round
(13 Jun 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Seed - House of Masaba | Valuation | Binny Bansal , Binny Bansal |
| 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 House of Masaba
House of Masaba has secured backing from 8 investors, including angel and institutional investors. Prominent investors backing the company include Purple Style Labs, ABFRL and Binny Bansal. 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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Ethnic wear products are offered via an online platform.
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Founded Year | Domain | Location | |
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Residential and commercial properties are developed by Salarpuria Group.
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Founded Year | Domain | Location | |
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Retail chain of premium lifestyle apparels
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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.
|
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 House of Masaba
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - House of Masaba
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
House Of Masaba Comparisons
Competitors of House of Masaba
House of Masaba 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 Rahul Mishra, ITRH, PRANAAH, Pashmal and Alok and Harsh, 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 |
Designs luxury couture clothing with traditional Indian embroidery and modern aesthetics.
|
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| domain | founded_year | HQ Location |
Serves as a platform offering ethnic wear for men and women.
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| domain | founded_year | HQ Location |
Pranaah sells traditional Indian handwoven clothing, including shirts, sarees, and kurtas, online.
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| domain | founded_year | HQ Location |
Sells luxury shawls, stoles, and jackets online for men and women.
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| domain | founded_year | HQ Location |
Creates and sells ethnic occasion wear online and in physical stores.
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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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Latest news on House Of Masaba
Frequently Asked Questions about House of Masaba
When was House of Masaba founded?
House of Masaba was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Where is House of Masaba located?
House of Masaba is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is House of Masaba a funded company?
House of Masaba is a funded company, having raised a total of $1.04M across 1 funding round to date. The company's 1st funding round was a Seed of $1.04M, raised on Jun 13, 2019.
How many employees does House of Masaba have?
As of Nov 09, 2024, the latest employee count at House of Masaba is 90.
What is the annual revenue of House of Masaba?
Annual revenue of House of Masaba is $8.22M as on Mar 31, 2024.
What does House of Masaba do?
House of Masaba was founded in 2009 in Mumbai, India, as a private label in the womens fashion sector. Clothing and apparel, including tops, kurtas, dresses, sarees, and jackets, are provided alongside accessories for mobiles and laptops, kids clothing, and gift cards. Operations are conducted via an e-commerce platform and three retail stores in Mumbai and Delhi.
Who are the top competitors of House of Masaba?
House of Masaba's top competitors include Rahul Mishra, ITRH and PRANAAH.
What products or services does House of Masaba offer?
House of Masaba offers Sarees, Lehengas, Kurtas, and Jewellery.
Who are House of Masaba's investors?
House of Masaba has 8 investors. Key investors include Purple Style Labs, ABFRL, Binny Bansal, Apoorva Ashokkumar Patni, and Chirag Jain.
What is House of Masaba's valuation?
The valuation of House of Masaba is $7.18M as of Jun 2019.