Lyskraft

Lyskraft

E-commerce platform providing an extensive selection of fashion apparel and accessories

Founded

2023

Headquarters

Gurugram (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

N/A

Lyskraft is an emerging omnichannel fashion and lifestyle startup on a mission to redefine premium fashion retail in India through a seamless blend of online and offline experiences.

Core Products and Services

  • Omnichannel Marketplace: Lyskraft operates a curated multi-brand platform, initially focused on premium women’s fashion. The platform features over 15 handpicked brands and designers, with new additions weekly.

  • Physical Retail Experience: The company launched a premium pop-up store at Ambience Mall, Gurugram, allowing customers to experience products offline before purchase.

  • Digital Platform: Lyskraft’s online platform enables convenient browsing and shopping, serving as a market-testing initiative and providing a digital-first experience.

  • Personalized Shopping: The company emphasizes personalized service, including custom sizing, styling advice and a blend of Indian heritage and international fashion.

Unique Value Proposition

  • Seamless Omnichannel Experience: Integrates digital convenience with tactile, in-store engagement, addressing the unique needs of premium fashion shoppers.

  • Curated Premium Selection: Offers a carefully chosen range of premium and bridge-to-luxury brands, differentiating from mass-market fashion marketplaces.

  • Consumer Centric Innovation: Focuses on flexibility, choice and a personalized high touch customer journey.

Business Model & Revenue Streams

Lyskraft operates as an omnichannel marketplace for premium fashion, generating revenue through:

  • Marketplace Commissions: Earns a commission on each sale made through its online and offline platforms, partnering with premium brands and designers rather than manufacturing in-house.
  • Retail Sales: Direct sales from physical pop-up stores and future flagship outlets enhancing brand discovery and customer trust.
  • Brand Partnerships and Promotions: Offers premium placement, marketing and promotional opportunities to partner brands for a fee.
  • Personalized Services: Potential to monetize value-added services such as custom fitting, styling consultations and exclusive shopping experiences.
  • Brand Collaborations: Attracts exclusive partnerships and limited-edition collections to differentiate from competitors.

Customer Segmentation

  • B2C: Affluent, quality conscious women in urban India, seeking premium and experiential fashion.

  • B2B: Premium and bridge to luxury fashion brands and designers looking for curated distribution and high value customers.

Growth Strategy

  • Market Expansion: Plans to scale across major Indian metros and eventually to international markets, leveraging the rising demand for premiumization in Indian fashion.

  • Category Diversification: Expanding beyond women’s apparel into other lifestyle and fashion categories.

  • Technology & Personalization: Investing in advanced digital tools for personalized recommendations, video shopping and seamless omnichannel integration.

  • Brand Partnerships: Building a robust network of premium brands, both Indian and international to offer unmatched selection and exclusivity.

Key People

Mohit Gupta

Sanjay Yadav

Key Metrics

Total Equity Funding

$26 Million

No. of Funding Rounds

1

Latest Funding Round

$26 Million, Seed

as of April 19, 2024

Post Money Valuation

$64.7 Million

as of June 14, 2024

Funding Multiple

2.4

as of June 14, 2024

Investors

Peak XV Partners

and 2 more

Employee Count

39

Similar Companies

Littlebox India

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 19, 2024Seed$26 Million--- Peak XV Partners, Maitreyi Enterprises, Prosus, Sofina, DST Global, BIG Capital, Big Capital

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