Exclusive: FS Life (earlier FableStreet) to achieve EBITDA profitability next year, IPO 3-4 years away

Fashion startup FS Life (earlier FableStreet) has aggressive expansion plans. In an exclusive interview to Editorji, FS Life CEO and Founder Ayushi Gudwani revealed that the startup is on track to achieve EBITDA profitability by next year and that an IPO is still 3 to 4 years away.

Expansion Plans

FS Life, at present comprises of three brands. FableStreet covers western wear, Pink Fort covers modern Indian wear and March offers fine silver jewellery. Gudwani in the interview, shared her vision for the all the three brands.

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The firm is aiming for all the three brands to grow 3-4X over the next 3-4 years. While the company is aiming to increase the revenue through the website, they are also eyeing expansion through offline retail stores. Currently FS Life has 2 offline retail stores and the third one will be opened soon. ''We also have a plan to open ten stores within a year and aim for a balanced 50:50 online and offline sales split to further their vision'' Gudwani added.

While talking about Pink Fort and March, Gudwani mentioned that the growth potential is huge as both the companies are in their intial stage.

Fundraising Plans

So far, FS Life's growth has been doubling up every year. With a straight growth, the company is expecting to turn EBITDA profitable in one year. As the company is looking at an aggressive expansion plan, FS Life will plan a fundraising next year that will drive the firm to IPO.

"We are almost going to make EBITDA profitable next year and that's going to work in our favour. Of Course to scale. We have very aggressive growth and expansion plans to look at fundraising sometime around next year to drive us to IPO. And there are plans for IPO. But it will be in at least 3, 4 years." Ayushi Gudwani said. 'I've never faced an issue with fundraising', she adds.