Fabindia's William Bissell invests in fast fashion brand StalkBuyLove

It has come to light that Fabindia's MD William Bissell has invested an undisclosed amount in online fast fashion brand StalkBuyLove. This is besides StalkBuyLove 's last round of funding from Silicon Valley incubator 500 startups and German venture fund Littlerock earlier this year. The company plans to use the incoming funds to increase its growth and improve its supply chain, fulfillment network and hire fresh talent in its design team.

Tushar Ahluwalia, Co-founder of StalkBuyLove informed that they were planning to start selling men's clothing and Bissell's backing is a stamp of trust for their business model. Former Rocket Internet executives Ahluwalia, Nishrit Srivastva and Aashna Chopra launched StalkBuyLove in 2013 that sells clothes and accessories for women. It claims to have operating margins of more than 70 percent since it sells private labels only.

According to Ahluwalia, the online retailer is also exploring entering into business to business or B2B channel. Fast fashion brands are popular among young consumers as they usually put out latest fashion trends off the runaway into cheaper lines. Brands such as Zara, H&M are some of leading names in the space globally. In October last year, the e-commerce portal had raised an undisclosed amount of funding from investors that included former Rocket Internet CEO Mato Peric and AECAL's partner Peter Kabel.