About The Indian Ethnic
The Indian Ethnic is a company based in Mumbai (India) founded in 2016 by Hetal Desai and Lekhinee Desai.. The Indian Ethnic has raised $199.82 thousand across 1 funding round from investors including SSS Advisory. The Indian Ethnic offers products and services including Kurtas, Dresses, Co-ord Sets, and Fabrics. The Indian Ethnic operates in a competitive market with competitors including Dressfolk, Via East, Pinklay, Handme and Six Yard Story, among others.
- Headquarter Mumbai, India
- Founders Hetal Desai, Lekhinee Desai
- 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 Tieco Ecom And Retail Private Limited
- Date of Incorporation 01 Sep, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.38 M (USD)37.98as on Mar 31, 2023
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Net Profit
$44.15 K (USD)-12.3as on Mar 31, 2023
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EBITDA
$95.87 K (USD)11.66as on Mar 31, 2023
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Total Equity Funding
$199.82 K (USD)
in 1 rounds
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Latest Funding Round
$199.82 K (USD), Seed
Apr 24, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of The Indian Ethnic
The Indian Ethnic offers a comprehensive portfolio of products and services, including Kurtas, Dresses, Co-ord Sets, and Fabrics. 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.
Handcrafted traditional Indian tops with prints and embroidery
Ethnic dresses made from natural fabrics for various occasions
Matching sets of ethnic clothing for casual wear
Hand block printed fabrics for custom clothing
Funding Insights of The Indian Ethnic
The Indian Ethnic has successfully raised a total of $199.82K through 1 strategic funding round. The most recent funding activity was a Seed round of $199.82 thousand completed in April 2021. 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 — $199,818
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First Round
First Round
(24 Apr 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - The Indian Ethnic | Valuation | SSS Advisory |
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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 The Indian Ethnic
The Indian Ethnic has secured backing from 1 investor. Prominent investors backing the company include SSS Advisory. 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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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 The Indian Ethnic
| 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 - The Indian Ethnic
| 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 |
The Indian Ethnic Comparisons
Competitors of The Indian Ethnic
The Indian Ethnic 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 Dressfolk, Via East, Pinklay, Handme and Six Yard Story, 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 |
Handcrafted ethnic wear for women is offered online by Dressfolk.
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| domain | founded_year | HQ Location |
Retailer of handcrafted Indian sarees and clothing
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| domain | founded_year | HQ Location |
Online retailer offering women's clothing, home decor, and kids' products globally.
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| domain | founded_year | HQ Location |
Handcrafted casual wear for women is offered online.
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| domain | founded_year | HQ Location |
Provides handwoven sarees, blouses, and ethnic apparel through e-commerce platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about The Indian Ethnic
When was The Indian Ethnic founded?
The Indian Ethnic was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is The Indian Ethnic located?
The Indian Ethnic is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is The Indian Ethnic a funded company?
The Indian Ethnic is a funded company, having raised a total of $199.82K across 1 funding round to date. The company's 1st funding round was a Seed of $199.82K, raised on Apr 24, 2021.
What is the annual revenue of The Indian Ethnic?
Annual revenue of The Indian Ethnic is $1.38M as on Mar 31, 2023.
What does The Indian Ethnic do?
The company was founded in 2016 and is headquartered in Mumbai, India. Operations focus on the ethnic wear sector, where handcrafted apparel for women is offered through an online platform. Items such as kurtas, sarees, blouses, pants, lehengas, and churidars are included in the catalog, with cotton fabrics used in production. Co-founders Hetal Desai and Lekhinee Desai lead the venture.
Who are the top competitors of The Indian Ethnic?
What products or services does The Indian Ethnic offer?
The Indian Ethnic offers Kurtas, Dresses, Co-ord Sets, and Fabrics.
Who are The Indian Ethnic's investors?
The Indian Ethnic has 1 investor. Key investors include SSS Advisory.
What is The Indian Ethnic's valuation?
The valuation of The Indian Ethnic is $1.62M as of Apr 2021.