About Ritu Kumar
Ritu Kumar is a company based in Gurugram (India) founded in 1969 by Ritu Kumar was acquired by Reliance Retail in October 2021. Ritu Kumar has raised $16.6 million across 1 funding round from investors including Reliance Retail and Everstone Capital. The company has 641 employees as of April 05, 2024. Ritu Kumar operates in a competitive market with competitors including Manish Malhotra, Satya Paul, Samant Chauhan and Rajrani Fashion, among others.
- Headquarter Gurugram, India
- Employees 641 as on 05 Apr, 2024
- Founders Ritu Kumar
- 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
*********
- Legal Name Reliance Ritu Kumar Private Limited
- Date of Incorporation 30 Jul, 1976
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$23.97 M (USD)-38.44as on Mar 31, 2021
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Net Profit
-$4.08 M (USD)-116.85as on Mar 31, 2021
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EBITDA
-$2.23 M (USD)-251.59as on Mar 31, 2021
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Total Equity Funding
$16.6 M (USD)
in 1 rounds
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Latest Funding Round
$16.6 M (USD), Private Equity Round
Apr 02, 2014
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Investors
Reliance Retail
& 1 more
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Employee Count
641
as on Apr 05, 2024
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Acquired by
Reliance Retail
(Oct 19, 2021)
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Funding Insights of Ritu Kumar
Ritu Kumar has successfully raised a total of $16.6M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $16.6 million completed in April 2014. 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 — $16.6M
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First Round
First Round
(02 Apr 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Private Equity Round - Ritu Kumar | Valuation | Everstone Capital |
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Investors in Ritu Kumar
Ritu Kumar has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Reliance Retail and Everstone Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in mid-market businesses linked to India and Southeast Asia.
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Founded Year | Domain | Location | |
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Retail chain offering diversified products
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Founded Year | Domain | Location |
Investments & Acquisitions by Ritu Kumar
Financial Statements - Ritu Kumar
Ritu Kumar Comparisons
Competitors of Ritu Kumar
Ritu Kumar 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 Manish Malhotra, Satya Paul, Samant Chauhan and Rajrani Fashion, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Custom-fitted clothing and art are offered by the couture label.
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| domain | founded_year | HQ Location |
A direct-to-consumer brand for designer wear for women and men.
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| domain | founded_year | HQ Location |
Creates and sells custom Indian ethnic wear and couture online.
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| domain | founded_year | HQ Location |
Offers designer sarees and lehenga choli through online platform and physical store.
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Frequently Asked Questions about Ritu Kumar
Ritu Kumar was founded in 1969 and raised its 1st funding round 45 years after it was founded.
Ritu Kumar is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Vijay Jain is the current CEO of Ritu Kumar.
Ritu Kumar is a funded company, having raised a total of $16.6M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $16.6M, raised on Apr 02, 2014.
As of Apr 05, 2024, the latest employee count at Ritu Kumar is 641.
Annual revenue of Ritu Kumar is $23.97M as on Mar 31, 2021.
Ritu Kumar was founded in 1969 and is headquartered in Gurugram, India. Operations are conducted as an internet-first brand within the womens fashion sector. Bridal and formal apparel, including anarkali suits, dresses, kurtis, lehengas, and sarees, are offered alongside accessories. Designs incorporate poppy colors, blooming prints, and sun-inspired silhouettes. Leadership includes co-founder Ritu Kumar and CEO Vijay Jain.
Ritu Kumar's top competitors include Manish Malhotra, Satya Paul and Samant Chauhan.
Ritu Kumar has 2 investors. Key investors include Reliance Retail, and Everstone Capital.
The valuation of Ritu Kumar is $32.74M as of Apr 2014.