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Mohit Gupta, Mukesh Bansal’s omnichannel fashion startup Lyskraft raises $26 million in seed funding

Economic TimesEconomic Times · 6m
Mohit Gupta, Mukesh Bansal’s omnichannel fashion startup Lyskraft raises $26 million in seed funding

Former Zomato executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed funding for their omnichannel fashion startup Lyskraft. The investment will be used to build an online marketplace for premium brands, starting with women's fashion and expanding into other lifestyle categories. The funding round was led by Peak XV Partners, with participation from investors such as Prosus, Sofina, and DST Global. Gupta will serve as the CEO of Lyskraft, while Bansal will be a strategic advisor and shareholder. The company aims to capture a significant portion of India's premium fashion market, which is estimated to be worth billions of dollars.

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