About Vedant Fashions
Vedant Fashions is a company based in Kolkata (India) founded in 2002 by Ravi Modi. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Vedant Fashions has raised $41.95 million across 7 funding rounds from investors including Sadasukh Dealers, Ajay Modi and Amar Sethia. The company has 1,100 employees as of March 31, 2024. Vedant Fashions offers products and services including Manyavar, Mohey, Twamev, and Mebaz. Vedant Fashions operates in a competitive market with competitors including Aza Fashions, Fabindia, Indya, KALKI and Neerus Ensembles, among others.
- Headquarter Kolkata, India
- Employees 1100 as on 31 Mar, 2024
- Founders Ravi Modi
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Vedant Fashions Limited
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Annual Revenue
$162.11 M (USD)1.39as on Mar 31, 2025
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Net Profit
$45.42 M (USD)-6.21as on Mar 31, 2025
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EBITDA
$76.32 M (USD)-1.95as on Mar 31, 2025
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Total Equity Funding
$41.95 M (USD)
in 7 rounds
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Latest Funding Round
$602.45 K (USD), Angel Round
Oct 16, 2021
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Investors
Sadasukh Dealers
& 64 more
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Employee Count
1100
as on Mar 31, 2024
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IPO & Listings of Vedant Fashions
Vedant Fashions is a publicly listed company on the NSE with ticker symbol MANYAVAR in India, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Vedant Fashions
Vedant Fashions offers a comprehensive portfolio of products and services, including Manyavar, Mohey, Twamev, and Mebaz. 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.
Men's celebration wear is offered with traditional designs.
Women's wedding attire is crafted with cultural essence.
Celebration wear is designed for cultural family events.
Ethnic garments are provided for traditional Indian occasions.
Funding Insights of Vedant Fashions
Vedant Fashions has successfully raised a total of $41.95M across 7 strategic funding rounds. The most recent funding activity was a Angel Round round of $602.45 thousand completed in October 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 7
- Last Round Angel Round — $602,448
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First Round
First Round
(14 Sep 2006)
- Investors Count 65
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Angel Round - Vedant Fashions | Valuation | Ajay Modi | |
| Aug, 2017 | Amount | Series A - Vedant Fashions | Valuation | Kedaara | |
| Mar, 2011 | Amount | Seed - Vedant Fashions | Valuation |
investors |
| 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 Vedant Fashions
Vedant Fashions has secured backing from 65 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Sadasukh Dealers, Ajay Modi and Amar Sethia. 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 focused on growth companies
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Founded Year | Domain | Location | |
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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 Vedant Fashions
| 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 - Vedant Fashions
| 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 |
Vedant Fashions Comparisons
Competitors of Vedant Fashions
Vedant Fashions 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 Aza Fashions, Fabindia, Indya, KALKI and Neerus Ensembles, 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 |
Retail chain for luxury and designer apparel and accessories
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| domain | founded_year | HQ Location |
Internet first brand of ethnic wear, home furniture, and home decor products
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| domain | founded_year | HQ Location |
Multi channel fashion brand offering a range of traditional and contemporary ethnic wear
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| domain | founded_year | HQ Location |
Retail chain of Indian ethnic wear for women, men, and children
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| domain | founded_year | HQ Location |
Sells Indian ethnic clothing including kurtis, sarees, and lehengas online and in 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 Vedant Fashions
Frequently Asked Questions about Vedant Fashions
When was Vedant Fashions founded?
Vedant Fashions was founded in 2002 and raised its 1st funding round 4 years after it was founded.
Where is Vedant Fashions located?
Vedant Fashions is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Is Vedant Fashions a funded company?
Vedant Fashions is a funded company, having raised a total of $41.95M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.98M, raised on Sep 14, 2006.
How many employees does Vedant Fashions have?
As of Mar 31, 2024, the latest employee count at Vedant Fashions is 1,100.
What is the annual revenue of Vedant Fashions?
Annual revenue of Vedant Fashions is $162.11M as on Mar 31, 2025.
What does Vedant Fashions do?
Indian wedding and celebration wear is crafted and distributed by Vedant Fashions. The company operates in the apparel sector, focusing on ethnic garments for men, women, and children. Brands like Manyavar, Mohey, Twamev, and Mebaz are managed to cater to diverse cultural needs. Traditional Indian elements are blended with modern trends to offer unique solutions. A global presence is maintained in countries like the USA, Canada, UK, and UAE. Craftsmanship and artistic finesse are emphasized in product offerings. Cultural connections are strengthened through celebration wear that resonates with Indian heritage.
Who are the top competitors of Vedant Fashions?
Vedant Fashions's top competitors include Fabindia, Aza Fashions and Indya.
What products or services does Vedant Fashions offer?
Vedant Fashions offers Manyavar, Mohey, Twamev, and Mebaz.
Is Vedant Fashions publicly traded?
Yes, Vedant Fashions is publicly traded on NSE under the ticker symbol MANYAVAR.
Who are Vedant Fashions's investors?
Vedant Fashions has 65 investors. Key investors include Sadasukh Dealers, Ajay Modi, Amar Sethia, Dalpat Raj Jain, and Sushil Kumar Agarwal.
What is Vedant Fashions's ticker symbol?
The ticker symbol of Vedant Fashions is MANYAVAR on NSE.
What is Vedant Fashions's valuation?
The valuation of Vedant Fashions is $286.4M as of Oct 2021.