Indian textile and apparel business Suditi Industries Limited plans to raise Rs 58.87 crore through a combination of equity shares and warrants to expand its children’s apparel and lifestyle brand Gini & Jony.
Denim by Gini & Jony – Gini & Jony- Facebook
“The Indian kid’s wear market presents a once-in-a-generation opportunity,” said Suditi Industries’ chairman and managing director Pawan Agarwal in a press release. “With Gini and Jony’s legacy, national footprint, and emotional connection with Indian parents, we are uniquely positioned to build a truly integrated ‘everything kids’ super brand. This fresh capital, combined with the experience and strategic depth of our incoming investors, enables us to accelerate growth while staying focused on our long-term vision- to be a trusted partner in every mother and child’s journey across the country.”
Keen to evolve into a vertically integrated kids’ retail business, the company will use the capital infusion to support its ambitious expansion plans for Gini & Jony. These include omni-channel retail expansion, deepening its product categories, and building a scalable backend infrastructure.
Participants in the funding round include Edelweiss co-founder Venkat Ramaswamy, former GlobalBees CEO Nitin Agarwal, Capwise Financial Services founder Naresh Biyani, and Rajesh Palviya among others. They join existing investors including Dream Sports’ chief marketing officer Vikrant Mudaliar and Third Wave Coffee co-founder Sushant Goel. The funding round was both led and advised by Capwise Financial Services Private Limited, which also took part as an investor.
“Building a modern consumer brand today demands excellence across technology, supply chain, data, marketing, and governance,” said Gini and Jony’s CEO Harsh Agarwal. “We are fortunate to have seasoned operators and founders as investors and advisors who have scaled businesses in exactly these areas. Their collective experience will help us compress learning cycles, sharpen execution at scale, and institutionalise governance frameworks befitting a market leader.”
