The brand intends to utilize the assets to scale its activities, including expanding its reach in markets and associating itself with people.
Income put together financing commercial center Klub reported that it is putting an undisclosed sum in Indian ecommerce design and fashion brand, The Label Life. The brand highlighting home décor, accessories and tredy apparel is curated and styled by Sussanne Khan, Malaika Arora and Bipasha Basu.
The Mumbai-based brand was established by Preeta Sukhtankar in 2013. Parent organization The Label Corp. at first housed three brands – The Home Label, The Closet Label, and The Trunk Label, which in 2019, converged under one umbrella as The Label Life. The Label Life intends to grow its item contributions this year by dispatching beauty and skincare items.
The Label Life curates products for ladies between ages 23 and 45 years, living in the best urban communities of India. The brand intends to utilize the assets to scale its activities, including expanding its reach in markets and associating itself with people.
Klub was dispatched in 2020 and was intended to provide financing to customer brands. Until now, it has associated itself with more than 25 well known D2C brands in areas of fashion, beauty, personal hygiene, FMCG, social commerce and consumer membership. The organization raised its pre-seed financing from Sequoia Capital’s programme Surge and other angel investors including Naveen Tiwari of InMobi and Kunal Shah of Cred, among others . It intends to enable in excess of 350 brands before the current year’s over.
Source: Business World
