StalkBuyLove raises $1 million venture debt from Trifecta Capital

StalkBuyLove, the online fashion brand and retailer, has raised $1 million in venture debt from Trifecta Capital to strengthen its supply chain technology and expand the employee base of the firm. The online startup, Owned and operated by Ad Victoriam Ventures Pvt Ltd, had last raised Series A capital from Kalaari Capital in December’16. It has now raised more than $5 million capital since its inception. (including this deal)

The startup, founded in 2012 by Tushar Ahluwalia and Nishrit Shrivastva, sells private labels of fashion apparel and accessories for women online, and claims to have average basket size of INR1,700, earning gross margins of ~60%. Such high margins are common among the firms selling their own private labels, and not the branded products. It is banking on a supply chain software update from Israel and introducing new business categories to double its revenue to INR100-150 crore by December’17.