About Libas
Libas is a company based in Delhi (India) founded in 1985 by Sidhant Keshwani and Sunil Keshwani.. Libas has raised $18 million across 1 funding round from investors including ICICI Venture. The company has 1,075 employees as of March 18, 2025. Libas offers products and services including Suits, Kurtas, Sarees, Lehengas, and Dresses. Libas operates in a competitive market with competitors including Fashor, BIBA, Dressfolk, Koskii and Suta, among others.
- Headquarter Delhi, India
- Employees 1075 as on 18 Mar, 2025
- Founders Sidhant Keshwani, Sunil Keshwani
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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 Zivore Apparel Private Limited
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$57.28 M (USD)34.28as on Mar 31, 2024
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Net Profit
$561.53 K (USD)-65.25as on Mar 31, 2024
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EBITDA
$1.33 M (USD)-47.79as on Mar 31, 2024
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Total Equity Funding
$18 M (USD)
in 1 rounds
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Latest Funding Round
$18 M (USD), Private Equity Round
May 30, 2024
- Investors
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Employee Count
1075
as on Mar 18, 2025
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Products & Services of Libas
Libas offers a comprehensive portfolio of products and services, including Suits, Kurtas, Sarees, Lehengas, 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.
Coordinated ethnic sets for women with kurta and bottom.
Versatile tops in various styles and fabrics for daily use.
Elegant drapes made from silk and chiffon for occasions.
Embroidered skirts and tops for weddings and parties.
Blends of Indian and western styles for modern outfits.
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Funding Insights of Libas
Libas has successfully raised a total of $18M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $18 million completed in May 2024. 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 Private Equity Round — $18.0M
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First Round
First Round
(30 May 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Private Equity Round - Libas | Valuation | ICICI Venture |
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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 Libas
Libas has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ICICI Venture. 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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Alternative asset management and investment services in India.
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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 Libas
| 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 - Libas
| 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 |
Libas Comparisons
Competitors of Libas
Libas 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, BIBA, Dressfolk, Koskii and Suta, 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 |
Women's ethnic wear is offered through 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 |
Ethnic wear for women is offered online by Koskii.
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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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| 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 Libas
Frequently Asked Questions about Libas
When was Libas founded?
Libas was founded in 1985 and raised its 1st funding round 39 years after it was founded.
Where is Libas located?
Libas is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Libas?
Sidhant Keshwani is the current CEO of Libas. They have also founded this company.
Is Libas a funded company?
Libas is a funded company, having raised a total of $18M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $18M, raised on May 30, 2024.
How many employees does Libas have?
As of Mar 18, 2025, the latest employee count at Libas is 1,075.
What is the annual revenue of Libas?
Annual revenue of Libas is $57.28M as on Mar 31, 2024.
What does Libas do?
Libas was founded in 1985 in Delhi, India, as a brand focused on womens ethnic apparel. Ready-to-wear clothing is offered, encompassing suits, sarees, lehengas, Indo-Western outfits, loungewear, dresses, and bottom wear. Materials including Chanderi, cotton, crepe, silk, georgette, polyester, and rayon are utilized in production. Operations center on the fashion sector, with distribution through the domain libas.in.
Who are the top competitors of Libas?
Libas's top competitors include Fashor, Dressfolk and House of Chikankari.
What products or services does Libas offer?
Libas offers Suits, Kurtas, Sarees, Lehengas, and Dresses.
Who are Libas's investors?
Libas has 1 investor. Key investors include ICICI Venture.