Noida-headquartered women-centric high street fashion brand FabAlley has raised Rs 8 crore in a venture debt funding round from Trifecta Capital. The company would utilize the funds to double its retail footprint across the country.
Started in 2012 by Tanvi Malik and Poddar, FabAlley is an online fashion brand which sells across categories such as apparel, footwear, accessories for women. Recently, the firm’s parent company High Street Essentials had reported Rs 1.3 crore profits on net revenues of Rs 90.2 crore for FY19. (Source-PR)