Libas is a fast-growing Indian fashion brand known for its stylish and affordable ethnic wear for women. With a strong digital presence and recent expansion into offline retail, Libas is quickly becoming a household name in contemporary Indian fashion.
🧵 Brand Origins and Evolution
Founded in 1985 by Sidhant Keshwani and Sunil Keshwani, Libas began as a modest ethnic wear label in Delhi, India. Over the years, it evolved into a full-fledged fashion brand offering a wide range of ready-to-wear garments. Initially focused on online sales, Libas has recently expanded into physical retail, opening 18 stores across India in the past 18 months.
👗 Product Range and Style
Libas specializes in ethnic and Indo-Western clothing for women, including:
- Kurtas and suits in cotton, silk, georgette, and Chanderi
- Sarees, lehengas, and dresses for festive and formal occasions
- Loungewear and bottom wear for everyday comfort
- Fusion styles that blend traditional silhouettes with modern cuts
The brand is known for its use of vibrant prints, breathable fabrics, and flattering fits that appeal to a wide demographic of Indian women.
💰 Funding and Growth Strategy
In July 2024, Libas secured its first major funding round of ₹150 crore (approx. $18 million) from ICICI Venture’s IAF Series 5 fund. This capital is being used to:
- Expand its offline retail footprint
- Enhance technology and digital infrastructure
- Build a stronger omnichannel presence across India
Libas has been profitable in its offline operations since inception, and the funding aims to accelerate its growth without compromising financial stability.
🌐 Digital Leadership
Libas started as a direct-to-consumer (D2C) online brand, leveraging platforms like:
- Libas
- Myntra, Amazon, Flipkart for broader reach
- Social media marketing to engage younger audiences
Its digital-first approach helped it scale quickly and build a loyal customer base across urban and semi-urban markets.
🏆 Competitive Landscape
Libas competes with over 597 active brands in the ethnic wear segment, including:
- Fashor
- Dressfolk
- Suta
Despite the crowded market, Libas stands out for its affordability, style diversity, and rapid expansion strategy.
🔮 Future Outlook
With strong financial backing and a clear growth roadmap, Libas is poised to become a major player in India’s ethnic fashion industry. Its focus on omnichannel retail, tech-driven operations, and customer-centric design positions it well for long-term success.
