• Portfolio revenue nearly doubled year-on-year in FY26
  • Backed by Akshay Kumar, Ravi Jaipuria, Karan Johar, Naveen Jindal, Gaurav Dalmia, Sonali Dugar, Manju Yagnik and Chairman Vagish Pathak
  • Banana Club, Love Kiki, Stylox and DMO Dot emerge as top-performing portfolio brands

Mumbai :The Fashion Entrepreneur Fund (FEF), India’s first dedicated fashion-focused venture studio, has announced that the cumulative revenue of brands within its portfolio crossed ₹182 crore in FY 2025-26, nearly doubling from the previous financial year. Building on this momentum, FEF has now set an ambitious target of ₹500 crore cumulative portfolio revenue for FY 2026-27.

In the past financial year, there have been substantial increases in the investments made by FEF in several sectors such as contemporary fashion, luxury couture, footwear, sustainable fashion, retail-tech, and artisanal ventures. Backed by industry leaders and investors including Akshay Kumar, Ravi Jaipuria, Karan Johar, Naveen Jindal, Gaurav Dalmia, Sonali Dugar, Manju Yagnik and Chairman Vagish Pathak, the platform has continued to scale high-growth fashion and lifestyle businesses across India.

Some of the strongest-performing portfolio brands include:

  • Banana Club achieved more than ₹105 crore in net revenue in FY 2025-26 on account of aggressive omnichannel strategy, strong offline retail and digital momentum.
  • Love Kiki achieved exceptional revenue growth of 227.6% in FY 2025-26, expanding offline to more than 10 cities and winning international B2B orders from Saudi Arabia.
  • House of Armuse made significant strides in building its premium occasion wear portfolio with average order value growing from ₹34,000 to ₹85,000, along with foray into menswear.
  • DMO Dot now operates across 8 MBO stores, has acquired over 20,000 customers through its D2C portal, and is now fulfilling orders internationally.
  • Stylox more than doubled its retail footprint over the course of FY 2025–26, expanding from 25 to 58 outlets across India.
  • Line Tribe doubled its MBO presence from 6 to 12 stores, steadily widening its offline distribution.

The Fashion Entrepreneur Fund offers the combination of strategic funding with the mentorship of operations, branding, retail, marketing, and a powerful network within the industry to assist fashion entrepreneurs in scaling.

Commenting on FEF’s growth plans, Sanjay Nigam, Founder, Fashion Entrepreneur Fund, says: “India is now entering a decisive period for fashion entrepreneurship when local brands will be creating businesses that are relevant internationally through their luxury offerings, occasions wear, sustainability initiatives and even through fashion products and services available online. Here at FEF, our aim is to promote the ‘Make in India’ ecosystem of fashion by helping entrepreneurs who can gain access to capital, mentorship, connections in the industry and growth opportunities.”

“In addition to working with fashion brands hailing from the key fashion capitals of the country, we are equally keen on finding, mentoring and growing new talents from Tier 2 and Tier 3 cities who are ready to write their own fashion success story that will have international relevance. Our portfolio of brands is a testimony to the success of our vision.”

“As we look forward to expanding further, we are considering making bigger investments, expanding our retail presence globally and investing in businesses within the fashion space that have strong technological capabilities.”