In an exclusive interview, Gaurav Dalmia, Chairman of the Dalmia Group, spoke with Saishree Mohanty about the strategic vision behind the Fashion Entrepreneur Fund (FEF) and its impact on the fashion sector.
Gaurav Dalmia explained that while the fashion industry is often associated with glamour, it is far more intricate than it appears. It is a vast ecosystem encompassing supply chain management, product and material innovation, branding, and a sharp focus on return on capital employed (ROCE). Dalmia emphasized that the fashion industry presents significant investment opportunities, citing the Indian textile and apparel market, which was valued at $197.2 billion in 2022, according to IMARC Group data.
Dalmia highlighted that the success of Vedant Fashions, the parent company of Manyavar, valued at $3.2 billion, illustrates the potential for growth in fashion-related businesses. He also referenced LVMH, the global luxury giant, with a market capitalization of €318.69 billion, which recently became Europe’s most valuable company, surpassing major corporations like Mercedes-Benz and British Petroleum. These examples underscore the vast scope for venture capital-backed expansion within the fashion sector, positioning the Fashion Entrepreneur Fund as a strategic platform for future investments.
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