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- Fabindia
Fabindia Valuation, Funding & Investors
Fabindia is valued at $650M as of February 2016.
Last Fabindia valuation
$650M
Secondary · Feb 2016
Last Fabindia funding round
Undisclosed stage
Amount undisclosed · Mar 2012
Key investors in Fabindia
Premji Invest
About Fabindia
Fabindia is a retail company that sells handcrafted clothing, home furnishings and lifestyle products sourced from craftspeople and artisans across India. It was founded in 1960 by John Bissell, initially as an export company for home furnishings, and later grew into a national consumer brand with its own retail stores. Its range covers ethnic wear for women, men and children, home textiles and furnishings, handicrafts, personal care products and organic food. The business works with village-based producers and artisan communities, and it earns revenue mainly from retail sales of its own-label products through stores and online. Fabindia is headquartered in New Delhi and also operates stores outside India. The company is privately held, with investors including private equity firms alongside the founding Bissell family, and it has expanded abroad through stakes in overseas ethnic-wear retailers.
Founded
1960
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$650M (Feb 2016)
Fabindia Valuation
Fabindia is currently valued at $650M, based on its secondary sale in February 2016. Read the announcement ↗
The round included Premji Invest.
Fabindia's valuation has grown 1.8x from $362M at its undisclosed-stage round in March 2012 to $650M in February 2016, across 2 priced rounds.
Fabindia valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2016 | Secondary | $650M |
| Mar 2012 | Undisclosed stage | $362M |
Fabindia Funding History
Fabindia has raised 1 funding round, plus 1 secondary share sale.
| Date | Stage | Investors | Valuation | Deal Summary |
|---|---|---|---|---|
| Feb 2016 | Secondary | Premji Invest | $650M | Premji Invest bought an 8% stake in Fabindia from L Capital Asia, the private equity arm of LVMH, in February 2016 for around USD 52 million, according to DealStreetAsia. The purchase was a secondary transaction in which an existing shareholder sold its holding, and no new money went to the company. Premji Invest was already an investor in the ethnic-wear and home-furnishings retailer, having taken a 7% stake in March 2012, and the purchase increased its holding to roughly 15% on the reported percentages. L Capital Asia had itself acquired its stake from Wolfensohn Capital Partners in early 2012. Fabindia was founded in 1960 by John Bissell, is based in New Delhi and sells handcrafted garments, home furnishings, organic food and personal care products made by artisans across India. |
| Mar 2012 | Undisclosed stage | Premji Invest | $362M | Premji Invest bought a 7% stake in the Indian ethnic-wear and home-furnishings retailer Fabindia in March 2012, in a transaction reported at about INR 125 crore. Press reports described the stake as a minority investment made to fund expansion, and the price implied a valuation for Fabindia of more than INR 15 billion. The purchase followed by a few weeks the acquisition of an 8% stake in Fabindia by L Capital Asia, the private equity arm of LVMH, from Wolfensohn Capital Partners. Fabindia managing director William Bissell said the funding would let the company open another 40 outlets in India and pursue overseas opportunities, particularly in the United Kingdom, and that the company chose Premji Invest because the two share a similar ethos. Neither Fabindia nor Premji Invest commented publicly on the terms at the time. Fabindia was founded in 1960 by John Bissell and is based in New Delhi. It sells handcrafted garments, home furnishings, pottery, organic food and handicrafts sourced from artisans, and it traded from almost 150 stores across India when the investment was made. |
Who has invested in Fabindia?
1 investor has backed Fabindia across its funding rounds, including Premji Invest.
Fabindia Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Fabindia investors. Start Free Trial | ||||
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Start Free TrialFabindia Competitors
Fabindia competitors include listed companies like V2 Retail, V-Mart Retail, Wickes Group and Guararapes, and private ones like Penti and Desigual.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $322M | $52M | $624M | 1.6x | ||
| Publicly listed | $399M | $55M | $620M | 1.6x | ||
| Publicly listed | $2.2B | $238M | $692M | 0.6x | ||
| Publicly listed | $1.9B | $569M | $550M | 0.5x | ||
| Private | $150M | $53M | $500M | 3.3x | ||
| Private | $952M | $252M | $3B | 3.1x |
Fabindia Public Comps
Fabindia is still privately-owned, but its public comps include Betterware de Mexico, Mobilezone Holding, Vulcabras, Safari Industries (India), Campus Activewear, Electronics Mart India, Redtape, Technocraft Industries, V2 Retail and Timex Group India.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $759M | $139M | 1.3x | 1.1x | 7.2x | 5.5x | |||
| $1.1B | ($4M) | 0.8x | 1.6x | (186.3x) | 15.6x | |||
| $656M | $196M | 1.2x | 1.1x | 4.0x | 5.1x | |||
| $215M | $29M | 2.8x | 2.5x | 20.3x | 19.6x | |||
| $187M | $32M | 3.3x | 3.1x | 19.7x | 18.8x | |||
| $737M | $47M | 1.1x | 1.0x | 17.5x | 14.2x | |||
| $255M | $51M | 2.7x | - | 13.4x | - | |||
| $276M | $58M | 2.5x | 2.2x | 11.8x | 12.3x | |||
This data is available for Pro users. Sign up to see all Fabindia competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Fabindia
| When was Fabindia founded? | Fabindia was founded in 1960. |
| Where is Fabindia headquartered? | Fabindia is headquartered in New Delhi, India. |
| Is Fabindia publicly listed? | No, Fabindia is a private, VC-backed company. |
| What is Fabindia's valuation? | Fabindia was last valued at $650M in its secondary sale in February 2016. |
| What was Fabindia's last funding round? | Fabindia's last funding round was a undisclosed-stage round in March 2012. |
| Who are Fabindia's investors? | Fabindia's investors include Premji Invest. |
| Which companies are comparable to Fabindia? | Companies comparable to Fabindia include V2 Retail, V-Mart Retail, Wickes Group, Guararapes, Penti and Desigual. |
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