About Koskii
Koskii is a company based in Bengaluru (India) founded in 2017 by Sameen Eajaaz, Haroon Rashid, and Umar Akhter.. Koskii has raised $7.44 million across 1 funding round from investors including Baring Private Equity Partners and Steer Advisors. The company has 297 employees as of April 08, 2024. Koskii offers products and services including Sarees, Salwar Suits, Lehengas, and Gowns. Koskii operates in a competitive market with competitors including Fashor, Dressfolk, Suta, House of Chikankari and trueBrowns, among others.
- Headquarter Bengaluru, India
- Employees 297 as on 08 Apr, 2024
- Founders Sameen Eajaaz, Haroon Rashid, Umar Akhter
- Stage Minicorn
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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 Akya Retail Private Limited
- Date of Incorporation 06 Apr, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$10.57 M (USD)71.79as on Mar 31, 2023
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Net Profit
$155.14 K (USD)8563.95as on Mar 31, 2023
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EBITDA
$359.7 K (USD)52.29as on Mar 31, 2023
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Total Equity Funding
$7.44 M (USD)
in 1 rounds
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Latest Funding Round
$7.44 M (USD), Series A
May 23, 2023
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Investors
Baring Private Equity Partners
& 1 more
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Employee Count
297
as on Apr 08, 2024
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Products & Services of Koskii
Koskii offers a comprehensive portfolio of products and services, including Sarees, Salwar Suits, Lehengas, and Gowns. 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 dresses for weddings and festivals.
Ethnic outfits for women for various occasions.
Bridal and festive wear with diverse materials.
Modern ethnic gowns for parties and events.
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Funding Insights of Koskii
Koskii has successfully raised a total of $7.44M through 1 strategic funding round. The most recent funding activity was a Series A round of $7.44 million completed in May 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 1
- Last Round Series A — $7.4M
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First Round
First Round
(23 May 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series A - Koskii | Valuation | Baring Private Equity Partners |
| 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 Koskii
Koskii has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Baring Private Equity Partners and Steer Advisors. 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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Private equity firm focusing on buyouts and investments in multiple sectors
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Founded Year | Domain | Location | |
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Corporate advisory services in finance, mergers, and various sectors.
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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 Koskii
| 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 - Koskii
| 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 |
Koskii Comparisons
Competitors of Koskii
Koskii 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, Dressfolk, Suta, House of Chikankari and trueBrowns, 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 |
Handcrafted ethnic wear for women is offered online by Dressfolk.
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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 |
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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Latest news on Koskii
Frequently Asked Questions about Koskii
When was Koskii founded?
Koskii was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Where is Koskii located?
Koskii is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Koskii?
Umar Akhter is the current CEO of Koskii. They have also founded this company.
Is Koskii a funded company?
Koskii is a funded company, having raised a total of $7.44M across 1 funding round to date. The company's 1st funding round was a Series A of $7.44M, raised on May 23, 2023.
How many employees does Koskii have?
As of Apr 08, 2024, the latest employee count at Koskii is 297.
What is the annual revenue of Koskii?
Annual revenue of Koskii is $10.57M as on Mar 31, 2023.
What does Koskii do?
Koskii was founded in 2017 in Bengaluru, India, as an internet-first brand in the womens ethnic wear sector. A range of products, including lehangas, salwar suits, sarees, and gowns, is provided through its online platform. Mobile applications for Android and iOS devices are also made available to support customer access and purchases. Operations are centered on e-commerce delivery within India.
Who are the top competitors of Koskii?
Koskii's top competitors include Fashor, Dressfolk and House of Chikankari.
What products or services does Koskii offer?
Koskii offers Sarees, Salwar Suits, Lehengas, and Gowns.
Who are Koskii's investors?
Koskii has 2 investors. Key investors include Baring Private Equity Partners, and Steer Advisors.
What is Koskii's valuation?
The valuation of Koskii is $47.11M as of May 2023.