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Wednesday, 09 September 2020 12:55

6Degree adds online stores to retail offerings

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Fashion retail management start-up 6Degree recently added online stores to its offering. The company also recently raised a fresh funding of Rs 2.5 crore from global early-stage investor network Keiretsu Forum. Apart from its fashion network - a B2B platform that connects various stake holders in the fashion industry - a few months ago 6Degree also launched a fashion retail management suite for designers.

With COVID-19 coming into play, the company saw the need to ramp up its business model. It took around 6-7 months of work to build the entire fashion retail management ecosystem which complimented the existing fashion talent business of the company.

Working with not just new designers but also with bigger names such as Gaurang Shah, Ritu Kumar and Anju Modi, 80 per cent of 6Degrees's sales come from India while 20 per cent from outside the country. In the Indian affordable luxury market the price points that drive sales range from anywhere between Rs 5,000-15000, while internationally the orders start from the price point of Rs 30,000 and go up to Rs 2 lakh per order.

Started in 2015 by Nikhil Hegde and Amit Bhardwaj, 6Degree had raised an undisclosed amount from SucSeed Ventures as part of its Pre-Series A round earlier in the year. The company currently has over 15,000 professionals on its B2B platform and 250 designers and brands in its e-store.