Hyderabad-based start-up Inde Loom is expecting its revenue to grow by five times to Rs 2 crore ($2,91,690) during the current financial year as compared to Rs 40 lac it had reported during the last fiscal. The brand has been growing at 30 percent month on month in revenues and sales. It is further looking to strengthen its presence in the country by increasing its customer base pan India.
Inde Loom specialises in handloom saris and works directly with artisans and weavers across India to give them a platform to showcase and sell their creations. The one-year-old start-up is growing with 30 percent month on month in revenues and sales. With a user base of around 10,000, it currently receives five to six online orders per day. Since inception, it has generated revenue of Rs 40 lakh and is Rs 2 crore in the current fiscal.”
Founded in 2018, Inde Loom sells both online and offline through its own website and online marketplace Etsy. Offline, it sells via home-based resellers, rack spaces in boutiques, and display pop-ups at trunk shows.