Highlights

  • Tata Capital eyes stake in fashion brand Rare Rabbit at a valuation of $300 million
  • Talks held to invest up to $40 million
  • Rare Rabbit's first external fundraising exercise

Latest news

Taylor Swift is related to iconic 'tortured' poet Emily Dickinson: Report

Taylor Swift is related to iconic 'tortured' poet Emily Dickinson: Report

Vijaya Ekadashi 2024: Know the importance of starting a fast on this day

Vijaya Ekadashi 2024: Know the importance of starting a fast on this day

Arsenal thrash Sheffield United 6-0 to keep Premier League title hopes alive

Arsenal thrash Sheffield United 6-0 to keep Premier League title hopes alive

NIA raids in 7 states in Lashkar-linked prison radicalisation case

NIA raids in 7 states in Lashkar-linked prison radicalisation case

Watch: Ellyse Perry’s six breaks car glass in WPL 2024 | RCB vs UPW

Watch: Ellyse Perry’s six breaks car glass in WPL 2024 | RCB vs UPW

France becomes first country in the world to enshrine abortion as constitutional right

France becomes first country in the world to enshrine abortion as constitutional right

Ex-Twitter execs sue Musk for unpaid severance

Ex-Twitter execs sue Musk for unpaid severance

Break-in at Nizampet house, intruder flees when confronted by woman | Watch

Break-in at Nizampet house, intruder flees when confronted by woman | Watch

Tata capital looks to buy stake in fashion brand Rare Rabbit at $300 million valuation: Report

The stake sale, which is the first external fundraising exercise for Rare Rabbit, could be an investment of up to $40 million by Tata Capital, at a valuation of $300 million

Tata capital looks to buy stake in fashion brand Rare Rabbit at $300 million valuation: Report

Tata Capital is looking to purchase a roughly 13% stake in fashion brand Rare Rabbit at a valuation of $300 million, reported Reuters. As per the report, Tata is looking to bet on the country's affluent shoppers.

Tata's Rare Rabbit investment

This likely investment by Tatas on Rare Rabbit comes at a time when its rivals such as billionaire Mukesh Ambani's Reliance Retail are also gravitating towards premium fashion offerings. As per Reuters, Tata has held talks with Rare Rabbit and is conducting due diligence after issuing a term sheet to invest up to $40 million to grab a stake in the niche fashion brand that sells men's shirts and other apparel. This stake sale talk is Rare Rabbit's first external fundraising exercise.

Also Read: Tata plans new iPhone assembly plants as Apple looks to expand in India

The report also mentioned that in competition with Tata local Indian private equity fund A91 Partners is also eyeing a stake in the company.

Tata Capital is the financial services arm of India's $144 billion salt-to-aviation Tata conglomerate. Rare Rabbit was started in 2015 by an Indian family-run company Radhamani Textiles. It sells shirts, jeans, jackets and sneakers that are priced as low as $20 and all the way up to the high-end range for most Indians at $80. The company has 90 retail outlets in India. It also sells its products online.


Up Next

Tata capital looks to buy stake in fashion brand Rare Rabbit at $300 million valuation: Report

Tata capital looks to buy stake in fashion brand Rare Rabbit at $300 million valuation: Report

Gold, Silver Price Today March 04, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today March 04, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Ex-Twitter execs sue Musk for unpaid severance

Ex-Twitter execs sue Musk for unpaid severance

Jeff Bezos surpasses Elon Musk as world's richest person amidst Tesla's 7.2% stock fall

Jeff Bezos surpasses Elon Musk as world's richest person amidst Tesla's 7.2% stock fall

RBI approves interoperable payment system to boost digital transactions

RBI approves interoperable payment system to boost digital transactions

RBI halts IIFL Finance's gold loan operations over regulatory concerns

RBI halts IIFL Finance's gold loan operations over regulatory concerns

More videos

Sensex and Nifty reach new peaks, extend 4-day rally

Sensex and Nifty reach new peaks, extend 4-day rally

Tata Motors to spin-off business into two separate listed entities, demerger to take 12-15 months

Tata Motors to spin-off business into two separate listed entities, demerger to take 12-15 months

Majority of customers say they will drop UPI payment method if a transaction fee is charged: Survey

Majority of customers say they will drop UPI payment method if a transaction fee is charged: Survey

54% of stock market investors belong to these 6 states

54% of stock market investors belong to these 6 states

Delhi's per capita income 2.5 times higher than national average: Finance Minister Atishi

Delhi's per capita income 2.5 times higher than national average: Finance Minister Atishi

Luxury flats sale soars: Signature Global sells 1,008 luxury flats in Gurugram for Rs 3,600 crore

Luxury flats sale soars: Signature Global sells 1,008 luxury flats in Gurugram for Rs 3,600 crore

Moody's raises India's 2024 GDP growth estimate to 6.8% from earlier forecast of 6.1%

Moody's raises India's 2024 GDP growth estimate to 6.8% from earlier forecast of 6.1%

Monday's market opening: Nifty hits record high, Sensex rises 178 points

Monday's market opening: Nifty hits record high, Sensex rises 178 points

Paytm Payments Bank may face loss of banking license: Report

Paytm Payments Bank may face loss of banking license: Report

Japan's Nikkei surpasses 40,000 points for first time

Japan's Nikkei surpasses 40,000 points for first time

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.