Libas, an Ethnic Wear D2C Brand, Has Raised INR 150 Crore From ICICI Ventures
Libas will use the money to drive offline expansion across geographies and ramp up its exclusive brand and retail stores in important metros and Tier-1, 2, and 3 cities.
Libas, a direct-to-consumer ethnic apparel brand, has received INR 150 crore in strategic finance from ICICI Ventures, ICICI Bank’s alternative investment arm.
The money will be used to accelerate offline expansion across geographies, as well as expand its exclusive brand and retail outlets in important metros and Tier-1, 2, and 3 cities.