Ratan Tata invests into Kaaryah Gurgoan based fashion portal for women wear

YarnsandFibers News Bureau 2015-06-04 13:00:00 – New Delhi

Ratan Tata, former chairman of Tata Sons, has made yet another undisclosed amount of investment in his personal capacity into Kaaryah, fashion portal for women's wear. Gurgaon based online venture, started by Nidhi Agarwal. Kaaryah caters to women’s non-casual wear by offering the best possible fit with its 18 sizes. It offers wardrobe solutions that help discover not just the perfect fit but also what flatters different body type.

Nidhi Agarwal, brings more than 15 years of experience in strategy, new technology marketing and finance. Before launching her own brand, Nidhi was the director, strategy at Honeywell India where she helped build their space & Missiles business. Prior to that she was a strategy consultant at Bain&Co. where she helped draft market entry strategies for consumer goods companies.

The fashion portal launched in September 2013 focuses on offering Indian women the perfect fit for western formal wear. Agarwal is an alumna of Kellogg Business School of North Western University, Chicago.

Kaaryah already has a presence across leading online marketplaces and also services through Kaaryah.com. It is the only brand, globally, that offers western wear in 18 sizes, compared to a global average of 12-13 sizes, Nidhi said.

She further added that they are very honoured to have him invest in his personal capacity. His investment is a great endorsement to their vision.

The Indian market for KAARYAH (western non casual wear for women) is estimated to be Rs.10,000-15,000 cr and is poised 2X growth in the next 3-4 years.

After retiring as the chairman of Tata Group in 2012, Ratan Tata has transformed into a prolific venture capital investor. He has also made personal investment in e-commerce ventures such as Snapdeal, Urban Ladder, Bluestone, Cardekho.com. Again, the investment amount was not disclosed.

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