Synopsis
Delhi-based House of Chikankari has secured Rs 25 crore in Series A funding from Cap Alpha Ventures. The D2C fashion startup, specializing in traditional Lucknowi embroidery, plans to use the capital to expand its offline presence and product range. This follows a strategic delay in fundraising to solidify operations, aiming for structured growth after significant revenue increases.Listen to this article in summarized format
The startup focuses on fashion apparel, specifically products made using chikankari, a traditional Indian hand-embroidery style from Lucknow, Uttar Pradesh.
Founded in 2020 by Aakriti Rawal and Poonam Rawal, the company plans to invest the fresh capital in building its offline presence. So far, the startup has sold primarily through its website and marketplaces such as Myntra and Amazon.
“We chose to raise this round at a point where our foundation was firmly in place across the supply chain, team, and operations. The capital will now help us scale in a more structured way, expand our product portfolio, and take the brand beyond our own channels, including offline,” said Aakriti Rawal, cofounder of House of Chikankari.
The startup deliberately delayed fundraising to first stabilise its supply chain and operations, rather than raising immediately after its appearance on Shark Tank India in 2023, she added.
According to Tracxn, the company has recorded steady revenue growth over the past four years, increasing from Rs 2.8 crore in FY22 to Rs 18 crore in FY23, Rs 27 crore in FY24, and Rs 28.9 crore in FY25. This reflects a 7% compound annual growth rate (CAGR) over one year and 116% CAGR over three years.
However, profitability has remained volatile. The company reported a net profit of Rs 1.5 crore in FY23 before slipping into losses of Rs 0.3 crore in FY24 and Rs 1.3 crore in FY25, indicating a declining profit trajectory.
Previously, the startup raised Rs 75 lakh on Shark Tank India in 2023, followed by a Rs 4.5 crore seed round from angel investors in 2025.
The company claims it has served over 2 lakh customers to date and built a growing international footprint, shipping orders to more than 20 countries, including the US, Australia, and the UK.
