High Street Essentials (HSE) runs the women-focused fashion labels FabAlley and Indya, selling apparel that spans everyday styles to premium occasion and wedding wear. The company currently operates 12 Indya brand outlets across eight Indian cities and is present in 150 large-format retail stores. It reported EBITDA profitability in April 2024, with the Indya brand growing more than 30% year-over-year. Management is targeting 50% YoY EBITDA growth and PAT positivity in FY25. To capture a share of India’s roughly US$15 billion wedding-wear market, HSE plans to scale its “Weddings By Indya” line, adding 10 dedicated wedding stores this fiscal year. International expansion is also on the roadmap, with a second overseas outlet slated for Malaysia and additional stores planned in the USA and South Africa within 18 months. Over the next few years, the firm intends to grow its domestic store network by more than 100 locations and invest heavily in brand marketing.

Total raised

$24M

Funding rounds

9

Latest round

Equity

Latest activity

May 2024