salty bags: In a recent investment round, Salty successfully raised Rs 5.4 crore with the help of notable investors such as Anicut Capital, All in Capital, Suashish Diamonds, JK Group, and others.
Founded with the goal of reinventing fashion jewelry, Salty has quickly emerged as a style icon, appealing to customers looking for unique and expressive accessories. This latest financial milestone marks a new phase in Salty’s journey and emphasizes the brand’s increasing appeal. The money will be wisely allocated to support staff growth and the introduction of a new product line as the company pursues its goal of giving customers fashionable accessories that are both high-quality and reasonably priced.
We are privileged to have partners who possess such extensive knowledge in the consumer space. We are enthusiastic about the chances that lay ahead, and their support says a lot about the potential in this field. This is a credit to our team’s diligence and the community’s ongoing support, not merely a financial accomplishment. We intend to achieve 40 crore annual revenue run rate in 2024 and grow our design portfolio to encompass over 3000 products,” said Kanishka Garg, Twishaa Gupta, and Sonaal Goel, Co-Founders of Salty (salty bags).
“We are thrilled to support Salty’s vision of providing high-quality and affordable accessories to the Indian market. Salty has demonstrated impressive efficiency in its one-year journey, and we see the potential for it to become a significant player in the e-commerce and jewelry sectors. Our collaboration with the Salty team is eagerly anticipated as we work together to achieve their ambitious goals and contribute to their ongoing success,” stated Ajay Anand, Partner at Anicut Capital.
Ashish Goenka from the Suashish Group expressed, “The team impressed us, and we believe this venture aligns with the growing popularity of fashion accessories among today’s generation. Their unique designs reflect a deep understanding of what younger generations desire.”
After more than a year in business, Salty has delivered over a lakh orders, making it one of India’s fastest-growing accessory firms. The brand’s positive track record is evidenced by its acceptance into the Startup India Seed Fund program and its 100K Instagram followers.
Salty is prepared to strategically use the funds donated to support a number of important projects. These include hiring for important roles, growing their distribution network, and strengthening their online presence by releasing an app, all of which will help them reach their goal of being a 100-crore business within the next five years.
