FS Life Raises INR 50 Cr To Fuel Offline Expansion

FS Life, the parent company of FableStreet and Pink Fort, has raised INR 50 Cr ($5.6 Mn) in a funding round led by Colossa Ventures and Rahul Garg, founder of IGNITE Growth LLP

The new funding will accelerate FS Life’s offline expansion, with plans to double its retail footprint from five stores across Mumbai, Pune, and Delhi NCR in the next six months

The startup, which is nearing operational break-even, said its stores are already generating returns within 18 months of launch….