Alma Mater Store, a customised apparel brand, has raised $200,000 funding from Harminder Sahni, Founder and Managing Director of Wazir Advisors, an advisory firm. The fresh capital will be used by the company to expand and invest in new technology.
Sachin Sahni, CEO of Alma Mater Store, said, “We have a strong loyal customer base and we will continue to focus on building a profitable and sustainable business in the long term.”
Harminder Sahni, Founder and Managing Director, Wazir Advisors, stated, “We are excited about how the customisation market is picking up in India. Customisation is the future of every consumer business. Being the pioneer in their field, Alma Mater Store is ready to take up new challenges and we are delighted to be associated with them.”
Alma Mater said India is one of the fastest growing markets for the customised merchandise, growing at the rate of 15% annually.