FabAlley Raises INR 20.6 Cr From SAIF Partners, India Quotient & Others
India, June 19 -- Delhi/NCR-based online fashion store High Street Essentials Pvt Ltd (HSE), which owns omnichannel women's fashion brands FabAlley and Indya, has raised fresh funding from existing and new investors.
According to the Ministry of Corporate Affairs filings accessed by Inc42, the company had offered 1,16,449, Series B2 preference shares to various investors on May 29, 2020, at a face value of INR 100 with a premium of INR 1681.92 per share worth INR 20.75 Cr. The money came to the bank on June 15.
The investments have come from SAIF Partners, India Quotient Opportunities Fund, Abhishek Dalmia, Star Global Resources, Atma Ram Builders, Ashwin Babulal Shah, Pratima Singh and Harki Properties and Investments.
Founded in 2012...
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