Hyderabad startup Inde Loom targets a revenue of 2 crore in 2019
today Jul 15, 2019
Hyderabad-based start-up Inde Loom is expecting its revenue to grow five times to Rs 2 crore ($2,91,690) during the current financial year as compared to Rs 40 lac it had reported during the last fiscal.
The brand claims that it has been growing at 30 percent month on month in revenues and sales. It is further looking to strengthen its presence in the country by increasing its customer base pan India.
Inde Loom specialises in handloom sarees and works directly with artisans and weavers across India to give them a platform to showcase and sell their creations.
“Our USP is sarees that are pure handloom; high-end designs that are handmade. Each of these sarees takes two to three months to be made, and some (made of pure organza silk and hand-painted) weigh less than 200 gm. Inde’ Loom’s target audience comprises women who love slow fashion, handloom, and handmade products,” co-founder Sandhya Tholi said in a statement.
Suren Chowdhary, co-founder, added, “The one-year-old start-up is growing with 30 percent month on month in revenues and sales. With a user base of around 10,000, we currently receive five to six online orders per day. Since inception, we have generated revenue of Rs 40 lakh. We are targeting revenue of Rs 2 crore in the current fiscal.”
Founded in 2018, Inde Loom sells both online and offline through its own website and online marketplace Etsy. Offline, it sells via home-based resellers, rack spaces in boutiques, and display pop-ups at trunk shows.
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