In a seed funding round led by Stellaris Venture Partners, the fashion brand Outzidr, which caters to Gen Z women, has raised Rs 30 crore ($3.49 million).
In order to achieve an annualized revenue run rate of Rs 100 crore within the next six to eight months, the proceeds will be utilized to fortify its supply chain and establish its brand.
Outzidr, which was founded in 2024 by Nirmal Jain, Mani Kant Mani, and Justin Mario, makes fashionable clothing for young ladies to wear to dinners, parties, and other social events.
The business claims that it first tests new designs in small batches to determine which ones people prefer, and then swiftly expands production of the most well-liked designs.
According to Outzidr, it has over 3,000 styles available on its website and adds 2,000 new ones each month. For Gen Z women looking for fashionable yet reasonably priced clothing for parties, travel, college, and other occasions, the brand aspires to become the go-to fashion destination.
Additionally, it intends to increase its visibility on marketplaces such as Myntra, Nykaa Fashion, and Ajio in addition to its own direct-to-consumer platform.
