Fashion Entrepreneur Fund (FEF), India’s first dedicated fashion-focused venture studio, has officially announced that the cumulative revenue of its portfolio brands crossed ₹182 crore in the financial year (FY) 2025-26. This achievement marks a near-doubling of revenue year-on-year from the previous financial year. Building firmly on this macroeconomic momentum, FEF has set an ambitious target to reach ₹500 crore in cumulative portfolio revenue by the end of FY 2026-27.
The past financial year witnessed a substantial increase in strategic investments deployed by FEF across key sectors, including contemporary fashion, luxury couture, footwear, sustainable apparel, retail-tech, and artisanal ventures. As a premier vehicle for scaling high-growth lifestyle businesses, the platform is backed by an elite roster of marquee investors and industry stalrums, including Bollywood superstar Akshay Kumar, mega-industrialist Ravi Jaipuria, filmmaker Karan Johar, steel magnate Naveen Jindal, corporate leader Gaurav Dalmia, Sonali Dugar, Manju Yagnik, and FEF Chairman Vagish Pathak.
Driving the 'Make in India' Vision via Omnichannel Excellence
As the Indian fashion and retail landscape rapidly evolves, the Fashion Entrepreneur Fund is bridging the gap between creative vision and institutional scale. By offering a potent combination of strategic funding, operational mentorship, brand building, physical retail expansion, and marketing expertise, FEF enables homegrown fashion labels to compete effectively on a global stage.
Beyond dominating tier-1 fashion capitals like Mumbai and Delhi, FEF is actively executing a geo-expansion strategy into Tier 2 and Tier 3 cities. This focus unearths and nurtures regional design talents, transforming localized operations into systematically governed brands capable of serving both domestic and international consumers.
Deep-Dive Analysis: Top Performing Portfolio Brands
The explosive revenue growth across the FEF portfolio is anchored by several breakout consumer brands that successfully navigated the omnichannel environment in FY 2025-26:
Banana Club: Emerged as a primary revenue engine for the fund, achieving more than ₹105 crore in net revenue for FY 2025-26. This milestone was driven by an aggressive omnichannel strategy that harmonized physical retail footprints with accelerating digital e-commerce momentum.
Love Kiki: Registered an exceptional revenue growth rate of 227.6% during the fiscal year. The brand expanded its offline retail presence into more than 10 Indian cities while successfully securing high-volume international B2B orders from Saudi Arabia.
Stylox: Significantly scaled its accessible fashion footprint across the country, more than doubling its retail brick-and-mortar presence from 25 to 58 dedicated outlets across India during FY 2025-26.
House of Armuse: Made substantial strides within the premium luxury occasion wear segment. By successfully executing a foray into premium menswear, the brand saw its Average Order Value (AOV) surge from ₹34,000 to ₹85,000.
DMO Dot: Expanded its premium physical presence across 8 Multi-Brand Outlets (MBOs) while simultaneously acquiring over 20,000 unique digital customers via its direct-to-consumer (D2C) web portal, which now fulfills orders internationally.
Line Tribe: Widened its offline distribution framework in the casual/contemporary space, doubling its MBO network from 6 to 12 stores over the course of the financial year.
Directing the Future of Fashion Tech and International Capital
The next phase of FEF’s investment thesis centers heavily on integrating advanced technological capabilities into the supply chain, enhancing global export pipelines, and increasing localized employment across India's artisanal clusters.
"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," stated Sanjay Nigam, Founder of the Fashion Entrepreneur Fund. "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. 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."
Institutional Profile
About the Fashion Entrepreneur Fund (FEF)
The Fashion Entrepreneur Fund (FEF) is India’s premier venture studio and investment house dedicated exclusively to the fashion, lifestyle, and retail-tech landscape. By combining institutional growth capital with unmatched mentorship from iconic global business operators and cultural leaders, FEF empowers localized Indian fashion labels to build scalable corporate structures. The fund operates as a key architectural pillar for the "Make in India" fashion movement, taking businesses from seed-level validation to international direct-to-consumer (D2C) and brick-and-mortar retail prominence
