Fastest Growing Apparel and Accessories (Fashion) Brand, Luxury Couture, Attracts $7.5 Million Preliminary Investment in Initial Round of Funding

New Delhi, November 06,2015 /PRNewswire/ --

In a very short period, India's fastest growing apparel & accessories brand, Luxury Couture Private Ltd, has caught the attention of global investors who keep an eagle eye on return on investment in future from both domestic and international markets. With its growing outreach in a highly competitive global market, Luxury Couture Private Ltd recently raised $7.5 million preliminary investment for 10% equity in the company, raising its valuation to $75 million. East Coast-based W&B Venture Capital Inc. has bought 10 per cent equity in the company.

Luxury Couture sells all kind of dresses, footwear in USA and India. The preliminary funding would be utilized essentially to enhance the company's outreach through marketing and technological intervention. Apart from this, these funds will be used for operational and logistic expansion. Luxury Couture aims to become online market leader with adequate (25-30%) market share within the next two years.

The promoters of the company including Mr Piyush Saxena (Director) and Raghvender Kumar (Director) are global entrepreneurs. The management are also top professionals with extensive knowledge of the online and offline platforms.

Luxury Couture's financial performance is very promising and its revenue was up by 20 per cent in the last financial year. Last year, the company had turnover of Rs 8.72 crore and, in the current fiscal (FY15-16), the company is expected to touch Rs 75 crore, which is a 50 per cent growth.

"Our shopping website www.luxecout.com is dedicated to fill all needs of young generation, who are very cautious about quality product at an affordable price. We ensure that everything from placing an order to buying a product and delivering it at customer doorstep smoothly and efficiently," Piyush Saxena (Director) Luxury Couture, said.

"Preliminary funding would enhance our operational efficiency and outreach. We believe that the speed at which a customer receives an online purchase plays a very important role in how that customer thinks about shopping online again in the future; so at www.luxecout.com, we have put a lot of focus on making sure the items get delivered to our customers as quickly as possible," he added.

With infusion of fresh funding, Luxury Couture is poised for a rapid growth.

About Luxury Couture 

Luxury Couture Private Ltd, is a New Delhi headquartered global apparel & accessories (Fashion) company with presence in India, USA and other countries.

It has a wide range of product collections including, seasonal collections. The Company offers products especially to ladies like party wear dresses: Tops, Jumpsuit & One Piece, Skirts, Gowns, Pyjamas & Shorts, Shrug & Pants, Kurtis, Track Suits, Shirts, T-Shirts; Women footwear: Pearl Rhinestone Studded Princes footwear and all major party wear dress. A B2B & B2C fashion company, Luxury Couture concentrates on offering best products at attractive prices, and 'value for money' defines it business mantra.

The company offers value for its investors as well. However, going forward, the company will be raising funds further in the second round of funding next year to setup its own manufacturing facility.

Media Contact:
Ms. Raas Anand
Head - Marketing & PR
Luxury Couture Pvt Ltd.
202, Basement Vinoba Puri
Lajpat Nagar, Part 2, Delhi 110024 India
Email: [email protected]
Phone:+91-11-46515676, +(91)9910769029