EBITDA | Pixr8 News

11Jun By Gauri SinghNo Comments

BUSINESS

FabAlley Ends Fiscal 2018 with EBITDA Profitability

The Gurugram-based online fashion-forward brand FabAlley has ended the financial year in March 2018 with EBITDA profitability with the help of its massive offline augmentation. The company exited the financial year 2017-18 with gross merchandise value (GMV) of INR 80 Cr ($11.85 Million). FabAlley is the ultimate Indian fashion destination for fashion enthusiasts and lovers, founded in 2012 by Tanvi Malik and Shivani Poddar. 30% of the revenue that accounted for the profits made its way from the offline sources. The offline channels that the company deals with include retailing services with the Future Group’s Central and Shoppers Stop retail outlets among others. “We are the first e-commerce company at our scale to have hit the profitability target. While we want to expand our offline ...

Zodius Capital raises stake in Zivame upto 45% : Kalaari and IDG exit

Zodius capital, a tech-oriented investment firm has elevated its stake in Zivame, which is a lingerie retailer by purchasing shares of the early backers of the lingerie startup named Kalaari Capital and IDG Ventures that invested in Zivame in early 2012. According to the reports, the funding agency now controls almost 45% in Zivame. It now has three of the six board seats in Zivame though it has not filled any of the two additional seats. However, the valuation of the stakes sold by Kalaari and IDG Ventures could not be determined. When Zivame last raised capital in September 2015, from Malaysian sovereign wealth fund Khazanah and Zodius Capital, it was valued at over $100 million. Other shareholders in the company so far are Unilazer Ventures, IDG Ventures India, Kalaari Capital, Ra...

Kishore Biyani Acquires FabFurnish.com; Eyes Expansion in 100 cities

Future Group has announced the approved of acquisition of online home furnishings and decor business brand FabFurnish from Bluerock eServices for Rs. 4.86 per share. In an interview with a media channel, Founder and CEO Future Group, Kishore Biyani said, "FabFurnish is a high margin and profitable business, currently operating at 40-41 percent margins. The aim is to enter into more cities via the home furnishing brand." With an aim to expand pan India, Biyani expressed plans to operate in 100 cities eventually. He also expects earnings before interest, tax, depreciation and amortization (EBITDA) of Rs. 40-50 crore from the acquisition. "Future Group is looking at more acquisition opportunities in the specialty retail space," Biyani added. The company's is currently trai...