Company lists
The Maharashtra edition · 2026

Fashion techcompanies in Maharashtra

Apparel, jewellery, online fashion, B2B, sportswear and more: the companies building fashion tech in Maharashtra, with their founders, funding, team size and business models.

1,062 company profiles268 with reported revenue81 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent fashion tech business events in Maharashtra

Funding, M&A, contract wins and launches involving 1,409 fashion tech companies in Maharashtra, last 24 months: 25 funding rounds · 5 M&A deals · 2 Contracts · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingPre-Series C

Zouk

Zouk is preparing for its next phase of growth with a fresh ₹60 crore pre-Series C funding round, reinforcing investor confidence in one of India's fastest-growing D2C fashion and…

D2C fashion and lifestyle
Funding

Chupps

Cricketer Ajinkya Rahane, the captain of Kolkata Knight Riders, has invested in Mumbai-based open footwear brand Chupps. The investment value remains undisclosed.

Investors Ajinkya Rahane
Funding

Palmonas

Jewellery brand Palmonas raised $40 million.

Jewellery
Funding

Uppercase

Direct-to-consumer (D2C) luggage brand Uppercase has raised Rs 20 crore in a fresh funding round from existing investors Accel India and Volrado Venture Partners.

Investors Accel india, Volrado Venture Partners
Luggage
FundingSeries A

Bonkers Corner

Omnichannel clothing brand Bonkers Corner has raised Rs 95 crore (approximately $10.5 million) in its Series A funding round, led by India SME Investment Fund, with participation from…

Investors India SME Investment Fund, Radhakrishna Ramnarain, Namita Thapar, Rajesh Raheja
Fashion
Funding

Palmonas

PALMONAS raising $22 million from VERTEX ™ and Xponentia Capital

Investors VERTEX ™, Xponentia capital
Premium consumer brands / jewellery
FundingPre-seed

A47

A47 today announced that it has raised USD 2 million in pre-seed funding to accelerate the development of an AI-native news platform designed to fundamentally change how people discover,…

Investors Na
News
Funding

The souled store

The Souled Store has raised approximately US $ 30 million in funding to date, including a US $ 16 million round led by Xponentia Capital in 2023 and a US $ 10 million investment led by…

Funding

Art Of Time

Mumbai-based omnichannel luxury watch retailer Art of Time has secured Rs 175 crore in its latest funding round, with participation from a group of marquee investors.

Investors Mithun Sacheti, Siddhartha Sacheti, Girish Mathrubootham, Plutus wealth management
Luxury watch retail
Funding

Purple style labs

Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise up…

Luxury fashion platform
LaunchInvisi Grille

Garware technical fibres

Global leader in technical textiles Garware Technical Fibres Ltd. (GTFL) has announced the launch of Invisi Grille, India’s first engineered invisible safety grille.

Invisible safety grille
M&AAcquisition · Announced

Warburg pincus acquires Candere

Warburg is negotiating to buy about 10 percent in Candere for around Rs 800–850 crore.

Jewelry
M&AAcquisition · Announced

Garware technical fibres acquires Offshore & trawl supply as

Pune, 24th June 2025, Garware Technical Fibres Limited (GTFL), a global leader in technical textiles and application-focused solutions across Aquaculture, Fisheries, Geosynthetics,…

Synthetic Cordage Solutions
FundingSeries A equity

Eume

Ashish Kacholia, an investor in the travel accessories brand EUME’s Series A equity round, helped the company raise Rs 25 crore ($3 million).

Investors Ashish Kacholia, Prithviraj Kothari, Pradeep Rathod
Travel accessories
M&AAcquisition · Announced

Bugaboo acquires Joolz

On May 27, 2025, Gimv announced the sale of Dutch stroller brand Joolz to Bugaboo, aiming to form a leading global house of premium stroller brands.

Stroller manufacturing
Funding

Lehlah

Lehlah, recently raised ₹12.5 crore (~$1.4 million), led by Nikhil Kamath’s investment firm, Gruhas.

Investors Gruhas
M&AAcquisition · Announced

The souled store acquires Redwolf

D2C fashion and lifestyle brand The Souled Store has acquired Redwolf, a fellow player in the pop culture merchandise space, in a move aimed at consolidating its position in the…

Pop culture merchandise
M&AAcquisition

Aditya Birla Fashion and Retail acquires Bewakoof

Aditya Birla Fashion and Retail’s acquisition of controlling stakes in digital‑first brands like Bewakoof.

Digital‑first brand
FundingSeries A

Freakins

Gen Z-focused direct-to-consumer brand Freakins is raising Rs 25 crore (approximately $3 million) in its Series A round from existing investors Matrix Partners India and Blume Ventures.

Fashion retail
FundingPre-Series A

Fur Jaden

Homegrown luggage and lifestyle brand Fur Jaden has raised Rs 9.5 crore (about $1.1 million) in pre-Series A funding round led by Gruhas Collective Consumer Fund (GCCF).

Luggage brand
FundingSeed

Lehlah

Lehlah, a content-commerce platform that enables creators to monetise their influence through affiliate-linked product recommendations, has raised INR 12.5 crore in a seed funding round…

Investors Gruhas
Content-commerce
FundingSeries-E

Purple style labs

Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop, has secured approximately $40 million in Series-E funding, led by SageOne Flagship Growth OE Fund, Alchemy Long Term…

Investors S Four Capital, Sopariwala exports, Kemfin Family Office, Cordelia Family Trust
Luxury Fashion
Funding

Limelight lab grown diamonds

Limelight Lab Grown Diamonds, India's largest lab-grown diamond (LGD) jewellery brand, has successfully raised nearly $11 million (INR 90 crore) in a funding round led by leading fund…

Investors Na
Lab-grown diamond jewellery
FundingPre-Series A

Terractive

Terractive has raised ₹8 crore in a pre-Series A funding round, co-led by Fireside Ventures and DeVC (Matrix Partners). The fresh funds will be utilized to accelerate fabric development…

Activewear
FundingSeed

The pant project

Sorin Investments led a $4.25 million seed round for custom-made and ready-to-wear trousers manufacturer The Pant Project in June.

Fashion

Fashion tech companies in Maharashtra, by revenue

Browse fashion tech companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 268 fashion tech companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Retailer of apparel, accessories, beauty products, home décor, and tech

Fashion tech
₹7,977.08 crFY 2024-25
+24%2024–2025
547-75% 12 mo to Aug 2023recorded Aug 2023
14 yr2012
1postings · last posted Sep 2026

Developer of technical textiles for multiple industries

Advanced materials
₹1,368.80 crFY 2023-24
Not reported
912-1% 12 mo to Mar 2024LinkedIn · Jul 2026
50 yr1976
0none in 3 months

Manufacturer, wholesaler, and retailer of jewelry products

Fashion tech
₹560.15 crFY 2024-25
+18%2024–2025
18LinkedIn · Jul 2026
16 yr2010
2postings · last posted Sep 2026

Online retailer of diamond products

Materials tech
₹492.79 crFY 2022-23
Not reported
109LinkedIn · Jul 2026
60 yr1966
0none in 3 months · last posted Sep 2023

Online retailer offering licensed pop culture apparel, accessories, and lifestyle products

Fashion tech
₹500.29 crFY 2024-25
+36%2024–2025
953-90% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
8postings · last posted Sep 2026

Chains providing curated luxury fashion

Fashion tech
₹494.00 crFY 2024-25
-3%2024–2025
402-23% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jun 2026

Online private label for clothing and accessories for men and women

Fashion tech
₹380.70 crFY 2023-24
+11%2023–2024
952+62% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

Manufacturer of innerwear activewear swimwear and sleepwear for adult women

Apparel brands
₹370.44 crFY 2024-25
+16%2024–2025
5+8% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Retailer of luxury watches

Retailers
₹288.24 crFY 2024-25
Not reported
94+53% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Internet first brand offering kids and baby products

Mom & baby care
₹264.96 crFY 2024-25
+20%2024–2025
494+11% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Internet-first brand offering ethnic wear for women

Fashion tech
₹232.97 crFY 2021-22
Not reported
2,867+108% 12 mo to Sep 2024recorded Sep 2024
81 yr1945
—No postings tracked

Online fashion brand offering a wide range of ethnic wear products for women

Fashion tech
₹213.51 crFY 2024-25
+28%2024–2025
10+2% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Curated online marketplace for streetwear, athleisure, and sustainable apparel

Fashion tech
₹200.24 crFY 2024-25
+70%2024–2025
989+21% 12 mo to Sep 2024recorded Sep 2024
14 yr2012
0none in 3 months

The platform offers digital gold jewellery

B2b e-commerce
₹173.69 crFY 2024-25
+1174%2024–2025
14LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Online B2B platform offering raw materials for fashion businesses

Fashion tech
₹149.57 crFY 2024-25
+4%2024–2025
25LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Online retailer of women's ethnic wear and clothing

Apparel brands
₹146.89 crFY 2024-25
+16%2024–2025
89-69% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Mar 2019

Online retailer of Indian ethnic and fashion jewelry

Fashion tech
₹145.75 crFY 2024-25
Not reported
11-21% 12 mo to Jul 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Online retailer of travel luggage, backpacks, and related travel accessories

Fashion tech
₹145.52 crFY 2024-25
-8%2024–2025
129LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted May 2026

Designer and retailer of 22KT gold Polki and Jadau jewellery

Fashion tech
₹134.72 crFY 2023-24
+0%2023–2024
121+46% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
1postings · last posted Jul 2026

Internet first brand offering jewellery

Fashion tech
₹128.45 crFY 2024-25
+151%2024–2025
27+36% 12 mo to Oct 2023LinkedIn · Jul 2026
5 yr2021
1postings · last posted Jul 2026

Online retailer of lab-grown diamond rings, earrings, pendants, and more

Fashion tech
₹127.25 crFY 2024-25
+81%2024–2025
209+93% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Online platform offering handcrafted bags and accessories

Fashion tech
₹126.90 crFY 2024-25
+62%2024–2025
368+57% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
1postings · last posted Jul 2026

Online retailer of unisex streetwear clothing, accessories, and related merchandise

Apparel brands
₹125.78 crFY 2024-25
+26%2024–2025
190-23% 12 mo to May 2024LinkedIn · Jul 2026
6 yr2020
1postings · last posted Jul 2026

Offline private label jewellery store

Fashion tech
₹91.09 crFY 2021-22
Not reported
85+100% 12 mo to Sep 2024LinkedIn · Jul 2026
52 yr1974
—No postings tracked

Online platform offering handcrafted diamond jewelry

Fashion tech
₹100.35 crFY 2024-25
+98%2024–2025
20LinkedIn · Jul 2026
20 yr2006
1postings · last posted Jul 2026
50 of 1,062 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,062 fashion tech companies in Maharashtra on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open fashion tech in Maharashtra on Radar
  • Every company, not just 50All 1,062 fashion tech companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore fashion tech companies in Maharashtra by what you are looking for

Browse fashion tech companies in Maharashtra, from apparel brands and online fashion stores to jewellery and sportswear. You can also find fashion tech startups in Maharashtra and fashion tech companies hiring.

9 ways to explore fashion tech in Maharashtra

Apparel & clothing brandsJewellery & fashion accessoriesOnline fashion stores & e-commerceB2B fashion marketplaces & suppliersSportswear & activewear brandsFashion software, ERP & e-commerce enablers

Apparel & clothing brands

Clothing brands for men, women and kids selling online.

  1. The Souled Store

    Online retailer offering licensed pop culture apparel, accessories, and lifestyle products

    Fashion tech
    See in list
  2. Soie Fashion

    Manufacturer of innerwear activewear swimwear and sleepwear for adult women

    Apparel brands
    See in list
  3. Hopscotch

    Internet first brand offering kids and baby products

    Mom & baby care
    See in list
  4. Moolchand Mill

    Internet-first brand offering ethnic wear for women

    Fashion tech
    See in list
  5. PeachMode

    Online retailer of women's ethnic wear and clothing

    Apparel brands
    See in list

Jewellery & fashion accessories

Jewellery, handbags, eyewear and accessories brands.

  1. Sukkhi Fashion Jewellery

    Online retailer of Indian ethnic and fashion jewelry

    Fashion tech
    See in list
  2. Nasher Miles

    Online retailer of travel luggage, backpacks, and related travel accessories

    Fashion tech
    See in list
  3. Tyaani Jewellery

    Designer and retailer of 22KT gold Polki and Jadau jewellery

    Fashion tech
    See in list
  4. Gargi

    Internet first brand offering jewellery

    Fashion tech
    See in list
  5. Limelight

    Online retailer of lab-grown diamond rings, earrings, pendants, and more

    Fashion tech
    See in list

Online fashion stores & e-commerce

Online fashion retailers and marketplaces.

  1. Nykaa Fashion

    Retailer of apparel, accessories, beauty products, home décor, and tech

    Fashion tech
    See in list
  2. The Souled Store

    Online retailer offering licensed pop culture apparel, accessories, and lifestyle products

    Fashion tech
    See in list
  3. Purple Style Labs

    Chains providing curated luxury fashion

    Fashion tech
    See in list
  4. Chimpwear

    Online private label for clothing and accessories for men and women

    Fashion tech
    See in list
  5. Soie Fashion

    Manufacturer of innerwear activewear swimwear and sleepwear for adult women

    Apparel brands
    See in list

B2B fashion marketplaces & suppliers

Wholesale platforms and suppliers for fashion businesses.

  1. Anja Jewels

    Manufacturer, wholesaler, and retailer of jewelry products

    Fashion tech
    See in list
  2. JewelCasa

    The platform offers digital gold jewellery

    B2b e-commerce
    See in list
  3. DukaanDost

    Online B2B platform offering raw materials for fashion businesses

    Fashion tech
    See in list
  4. YarnBiz

    B2B e-commerce marketplace for yarn manufacturers

    B2b e-commerce
    Website
  5. Book My Diamond

    Platform offering a mobile app for jewelry retailers to search and buy

    Materials tech
    Website

Sportswear & activewear brands

Gym wear, activewear and sports apparel brands.

  1. ENGN

    Internet first brand offering sports wear for women

    Fashion tech
    See in list
  2. Superkicks

    Premium sneaker and streetwear store offering genuine sneakers, apparel, and exclusive drops from brands like Nike

    Fashion tech
    See in list
  3. Terractive

    Retailer of activewear and accessories engineered for comfort and performance

    Apparel brands
    Website
  4. Aesthetic Nation

    Online retailer of men's and women's gym wear and activewear

    Fashion tech
    Website
  5. Baller Athletik

    Manufacturer of performance-enhancing activewear and sleepwear

    Fashion tech
    Website

Fashion software, ERP & e-commerce enablers

Software and tools for fashion and jewellery businesses.

  1. ProtoTech’s 3D Measure Up

    3D scanning application

    3d scanning
    Website
  2. ReDesyn

    The platform helps creators monetize content and collaborate with brands

    Social platforms
    Website
  3. Synergics Solutions

    Developer of enterprise resource planning software for the jewellery industry

    Manufacturing tech
    Website
  4. Textronic

    Provides a range of CAD and CAM software for the textile industry

    In store retail tech
    Website
  5. Relove

    A platform offering recommerce management software for fashion businesses

    Brands tech
    Website

Textiles & fashion materials

Fabrics, technical textiles and advanced materials.

  1. Garware Technical Fibres

    Developer of technical textiles for multiple industries

    Advanced materials
    See in list
  2. Blue Star Diamonds

    Online retailer of diamond products

    Materials tech
    See in list
  3. Hemp Fabric Lab

    Sustainable hemp and hemp blend fabrics supplier

    Fashion tech
    Website
  4. DiamondXE

    Online platform for listing fashion materials, gemstones, and diamonds

    Fashion tech
    Website
  5. Textronic

    Provides a range of CAD and CAM software for the textile industry

    In store retail tech
    Website

Fashion tech startups in Maharashtra

Recently founded fashion tech companies in Maharashtra.

  1. JewelCasa

    The platform offers digital gold jewellery

    B2b e-commerce
    See in list
  2. DukaanDost

    Online B2B platform offering raw materials for fashion businesses

    Fashion tech
    See in list
  3. Gargi

    Internet first brand offering jewellery

    Fashion tech
    See in list
  4. Freakins

    Chains providing denim apparel and fashion clothing

    Fashion tech
    See in list
  5. Knya

    Online retailer of medical apparel including scrubs, lab coats, and stethoscopes

    Apparel brands
    See in list
190 companies in Maharashtra

Fashion tech companies hiring in Maharashtra

Fashion tech companies in Maharashtra with open roles.

  1. Nykaa Fashion

    Retailer of apparel, accessories, beauty products, home décor, and tech

    Fashion tech
    See in list
  2. Anja Jewels

    Manufacturer, wholesaler, and retailer of jewelry products

    Fashion tech
    See in list
  3. Blue Star Diamonds

    Online retailer of diamond products

    Materials tech
    See in list
  4. Purple Style Labs

    Chains providing curated luxury fashion

    Fashion tech
    See in list
  5. PeachMode

    Online retailer of women's ethnic wear and clothing

    Apparel brands
    See in list
25 companies in Maharashtra
Mobile reach

Top 10 fashion tech apps from Maharashtra

The most-installed Android apps published by fashion tech companies headquartered in Maharashtra — 109.8M installs between them. 69 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Nykaa Fashion – Shopping App

by Nykaa Fashion

Installs70.9M
Rating4.73301K ratings
Installs, year on year+31%
Last updatedMay 2026
View on Google Play ↗
Nykaa Fashion – Shopping App screenshot 1Nykaa Fashion – Shopping App screenshot 2Nykaa Fashion – Shopping App screenshot 3Nykaa Fashion – Shopping App screenshot 4Nykaa Fashion – Shopping App screenshot 5Nykaa Fashion – Shopping App screenshot 6
2

Hopscotch - Kids Fashion Brand

by Hopscotch

Installs15.3M
Rating3.6691K ratings
Installs, year on year+20%
Last updatedMay 2026
View on Google Play ↗
Hopscotch - Kids Fashion Brand screenshot 1Hopscotch - Kids Fashion Brand screenshot 2Hopscotch - Kids Fashion Brand screenshot 3Hopscotch - Kids Fashion Brand screenshot 4Hopscotch - Kids Fashion Brand screenshot 5Hopscotch - Kids Fashion Brand screenshot 6
3

The Souled Store: Shopping App

by The Souled Store

Installs10.1M
Rating4.85200K ratings
Installs, year on year+28%
Last updatedMay 2026
View on Google Play ↗
The Souled Store: Shopping App screenshot 1The Souled Store: Shopping App screenshot 2The Souled Store: Shopping App screenshot 3The Souled Store: Shopping App screenshot 4The Souled Store: Shopping App screenshot 5The Souled Store: Shopping App screenshot 6
4

Peachmode Online Shopping

by PeachMode

Installs6.8M
Rating3.8968K ratings
Last updatedFeb 2026
View on Google Play ↗
Peachmode Online Shopping screenshot 1Peachmode Online Shopping screenshot 2Peachmode Online Shopping screenshot 3Peachmode Online Shopping screenshot 4Peachmode Online Shopping screenshot 5Peachmode Online Shopping screenshot 6
5

Uniket Wholesale Shopping App

by Uniket

Installs1.9M
Rating—
Installs, year on year+9%
Last updatedApr 2024
View on Google Play ↗
Uniket Wholesale Shopping App screenshot 1Uniket Wholesale Shopping App screenshot 2Uniket Wholesale Shopping App screenshot 3Uniket Wholesale Shopping App screenshot 4Uniket Wholesale Shopping App screenshot 5Uniket Wholesale Shopping App screenshot 6
6

Palmonas

by Palmonas

Installs1.4M
Rating4.7313K ratings
Last updatedApr 2026
View on Google Play ↗
Palmonas screenshot 1Palmonas screenshot 2Palmonas screenshot 3Palmonas screenshot 4Palmonas screenshot 5
7

Suta Bombay

by Suta

Installs1.1M
Rating4.733K ratings
Last updatedDec 2025
View on Google Play ↗
Suta Bombay screenshot 1Suta Bombay screenshot 2Suta Bombay screenshot 3Suta Bombay screenshot 4Suta Bombay screenshot 5
8

Zouk - Bags, Wallets & Luggage

by Zouk

Installs793K
Rating—
Installs, year on year+148%
Last updatedMay 2026
View on Google Play ↗
Zouk - Bags, Wallets & Luggage screenshot 1Zouk - Bags, Wallets & Luggage screenshot 2Zouk - Bags, Wallets & Luggage screenshot 3Zouk - Bags, Wallets & Luggage screenshot 4Zouk - Bags, Wallets & Luggage screenshot 5Zouk - Bags, Wallets & Luggage screenshot 6
10

LehLah

by LehLah

Installs650K
Rating—
Installs, year on year+54%
Last updatedMay 2026
View on Google Play ↗
LehLah screenshot 1LehLah screenshot 2LehLah screenshot 3LehLah screenshot 4LehLah screenshot 5LehLah screenshot 6
The business behind the activity

Fashion tech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 226 fashion tech companies in Maharashtra for FY24-25 — 305 of the 1,062 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 44% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹7,941.30 cr

226 companies filing accounts

combined net profit₹126.65 cr

1.6% aggregate margin

are profitable47%

107 of 226 companies

median revenue~₹2.6 cr

the typical company

median revenue growth+19%

into FY24-25

earned by the top five44%

revenue concentration

Six-year view

Combined revenue of filing companies

₹6,064.21 crFY19-20159 filers
₹5,056.18 crFY20-21173 filers
₹7,923.72 crFY21-22205 filers
₹9,118.88 crFY22-23225 filers
₹9,754.74 crFY23-24250 filers
₹7,941.30 crFY24-25226 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 171 companies over three years

+30%
FY22-23₹5,409.16 cr₹104.91 cr net
FY23-24₹5,609.69 cr₹134.21 cr net
FY24-25₹7,012.94 cr₹144.18 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr7523% profitable
₹1–10 cr7453% profitable
₹10–100 cr5862% profitable
₹100–1,000 cr1878% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking74
0–20%31
20–50%38
50–100%26
Doubled+37

206 companies with accounts for both years; median growth +19%.

Profitability

Profit is concentrated at the top

107profitable
119loss-making
1.6%aggregate margin
-1.3%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
DemeDEMEBYGABRIELLA FASHION PRIVATE LIMITED+819%₹18.51 cr
LuxepolisLUXEPOLIS RETAIL SERVICES PRIVATE LIMITED+219%
Urban MonkeyURBAN MONKEY PRIVATE LIMITED+218%₹22.67 cr
FreakinsSINCE99 APPAREL PRIVATE LIMITED
ArettoSANOSYZO PRIVATE LIMITED+141%₹14.86 cr
ChuppsEASY SPIRIT ENTERPRISES PRIVATE LIMITED+122%₹12.37 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
StylsmythSTYLSMYTH VENTURES PRIVATE LIMITED48.9%₹16.57 cr
DemeDEMEBYGABRIELLA FASHION PRIVATE LIMITED20.1%₹18.51 cr
Linen And LinensLINEN AND LINENS PRIVATE LIMITED19.0%₹12.48 cr
Nykaa FashionFSN E-COMMERCE VENTURES LIMITED16.9%₹577.28 cr
Garware Technical FibresGARWARE TECHNICAL FIBRES LIMITED14.0%₹1,525.46 cr
Lemon & PepperMETMILL FOOTWEAR PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Fashion tech163₹4,141.99 cr~₹2.0 cr48%-2.2%
Apparel brands32₹1,049.36 cr~₹6.0 cr44%0.7%
Mom & baby care5₹328.53 cr~₹1.5 cr80%5.0%
B2b e-commerce5₹200.53 cr~₹3.0 cr60%-0.1%
Leaders

Largest fashion tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Garware Technical FibresGARWARE TECHNICAL FIBRES LIMITED₹1,525.46 cr₹214.07 cr14.0%+15%
Nykaa FashionFSN E-COMMERCE VENTURES LIMITED₹577.28 cr₹97.36 cr16.9%+16%
Anja JewelsANJA JEWELS PRIVATE LIMITED₹560.15 cr₹7.48 cr1.3%+18%
The Souled StoreTHE SOULED STORE PRIVATE LIMITED₹500.29 cr₹11.04 cr2.2%+36%
Soie FashionGINZA INDUSTRIES LTD.₹370.12 cr₹8.67 cr2.3%+18%
Art Of TimeAETAS RETAIL PRIVATE LIMITED₹288.24 cr₹1.84 cr0.6%+79%
HopscotchLITTLE RUNWAYS WHOLESALE PRIVATE LIMITED₹264.96 cr₹11.49 cr4.3%+20%
SionnahSONA STYLES LIMITED₹213.51 cr₹2.76 cr1.3%+28%
GoFynd, UniketSHOPSENSE RETAIL TECHNOLOGIES LIMITED₹200.24 cr−₹26.80 cr-13.4%+70%
JewelCasaJEWEL CASA PRIVATE LIMITED₹173.69 cr₹2.55 lakh0.0%>10×
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Fashion tech funding and M&A across India

1,207 recorded equity rounds have gone to 6,814 fashion tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months64

US$255.99m

equity rounds, last 24 months189

US$579.76m

raised over five yearsUS$2.57bn

640 rounds in India

M&A deals, Maharashtra5

last 24 months

Capital by year

Equity funding into fashion tech in India

amount rounds
$104m201874
$473m2019102
$246m202068
$438m2021103
$810m2022135
$433m2023116
$340m2024118
$374m2025129
$170m202639

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$809.78m across 135 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$55.95m112 rounds · median US$100k
SeedUS$341.35m356 rounds · median US$500k
Series AUS$524.89m97 rounds · median US$3.20m
Series BUS$503.63m48 rounds · median US$6.67m
Series CUS$157.15m10 rounds · median US$12.23m
Series D+US$640.84m12 rounds · median US$16.00m
Where the money went · five years

Most-funded sub-sectors

Fashion techUS$1.88bn470 rounds · 227 companies
Apparel brandsUS$230.71m81 rounds · 44 companies
Vernacular platformsUS$200.00m1 rounds · 1 companies
B2b e-commerceUS$109.98m12 rounds · 7 companies
Brands techUS$61.96m16 rounds · 5 companies
Mom & baby careUS$23.29m8 rounds · 4 companies
RetailersUS$13.80m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in Maharashtra

5Acquisition

Most active acquirers

  1. Warburg pincus1
  2. Garware technical fibres1
  3. Bugaboo1
  4. The souled store1
  5. Aditya Birla Fashion and Retail1

Most acquired or merged

  1. Candere1
  2. Offshore & trawl supply as1
  3. Joolz1
  4. Redwolf1
  5. Bewakoof1

Each deal appears in the events strip at the top of the page.

Fashion tech funding in Maharashtra

81 fashion tech companies in Maharashtra have recorded equity funding, US$524.05m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind fashion tech companies in Maharashtra. 619 of 1,062 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra fashion tech companies by sub-sector

The most common specialisations among fashion tech companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring fashion tech in India and nearby markets.

Coming soon