Backed by investors including Akshay Kumar, Ravi Jaipuria and Karan Johar, FEF’s portfolio nearly doubled revenue year-on-year in FY26, with brands such as Banana Club, Love Kiki, Stylox and DMO Dot emerging as key growth drivers
Mumbai, June 2026: 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 a 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.
Among the strongest-performing portfolio brands, Banana Club achieved more than ₹105 crore in net revenue in FY 2025-26 through strong offline retail and digital growth strategies, while Love Kiki recorded revenue growth of 227.6%, expanded into more than 10 cities and secured international B2B orders from Saudi Arabia. House of Armuse expanded its premium occasion wear portfolio with average order value increasing from ₹34,000 to ₹85,000 alongside its entry into menswear. DMO Dot expanded to 8 MBO stores, acquired over 20,000 customers through its D2C platform and began fulfilling international orders. Stylox more than doubled its retail footprint from 25 to 58 outlets across India during FY 2025–26, while Line Tribe doubled its MBO presence from 6 to 12 stores.
The Fashion Entrepreneur Fund combines strategic funding with mentorship across operations, branding, retail, marketing and industry access to support entrepreneurs in scaling fashion and lifestyle businesses.
Commenting on FEF’s growth trajectory, Sanjay Nigam, Founder, Fashion Entrepreneur Fund, said, “India has never lacked creative fashion talent, but creative founders often need business mentorship, capital and market access to build scalable companies. At FEF, we identified this gap early and built an ecosystem to support fashion entrepreneurs across India, and the ₹182 crore cumulative portfolio revenue achieved in FY 2025–26 reflects the growing scale and potential of this sector.
“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.”