Convergent Finance announces $18 million investment in Kapsons Group

19 August 2025, Mumbai 

Convergent Finance LLP has announced an $18 million strategic investment in Kapsons Group, a leading Indian retailer specializing in bringing premium brands to India's Tier-II and III cities. Founded in 1989, Kapsons has become a preferred partner for international brands looking to expand beyond major metropolitan areas into Northern India.

The investment will enable Kapsons Group to expand nationwide, enhance its operational efficiency, and strengthen corporate governance. Through this investment, the company aims to develop the group’s in-house capabilities for the design and manufacture of premium garments through brand-led manufacturing partnerships. This move is timed to capitalize on the rapid growth of India’s premium apparel market, which is projected to grow from approximately $26 billion in FY23 to $57 billion in FY27, particularly in non-metro areas.

Partnering with Convergent Finance marks a significant milestone in the group’s journey, says Vipin Kapoor, Founder and Chairman, Kapsons Group. Convergent's long-term vision and hands-on approach align with the group's goals to become a market leader in premium fashion, he adds.

Harsha Raghavan, Managing Partner, Convergent Finance, states, he looks forward to helping Kapsons Group take the next level and become a national champion in the growing premium apparel sector.

Kapsons Group has built a strong portfolio through partnerships with global brands like Tommy Hilfiger, Hugo Boss, Calvin Klein, and Mango. By leveraging its deep understanding of the Indian consumer, the company plans to extend its reach into manufacturing, ensuring a high-quality brand experience for customers across the country.

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