New Delhi: D2C fashion jewelry brand Salty, targeting the GenZs and the generation next, has announced that it has raised Rs 5.4 crore in funding in a Seed round led by All in Capital and Anicut Capital.
Other strategic investors participating in the round are Suashish Diamonds, JK Group, and other angel investors.
Founded in 2022 by college friends- Sonaal Goel, Twishaa Gupta, and Kanishka Garg, Salty aims to redefine fashion jewelry for the younger generation with unique, chic, and functional designs that resonate with consumers seeking distinctive and expressive accessories.
The funds will be used to foster team expansion and launch a new product range as the brand continues its mission to provide high-quality and affordable fashion accessories to consumers. “The funding is not a mere financial milestone but a testament to our team’s hard work and our community’s unwavering support. We aim to achieve Rs 40 crore annual revenue run rate in 2024 and expand our design range to include over 3000 products,” said Kanishka Garg, Co-founder of Salty.
“We are excited to back Salty’s vision of bringing high-quality and affordable accessories to Indian consumers. Salty has shown exceptional efficiency in its one-year journey. We believe that Salty has the potential to become a key player in the e-commerce and jewelry space.
We look forward to collaborating closely with the Salty team to achieve their ambitious goals and contribute to their continued success.” said Ajay Anand, Partner, Anicut Capital.
While Ashish Goenka of the Suashish Group mentioned, “We were impressed by the team and think that this venture is aligned with the emergence of fashion accessories as a category today’s generation is in tune with. The team has created unique designs demonstrating that they have a pulse on what younger generations want.”
With over a year under its belt, Salty has become one of India’s fastest-growing accessories brands, fulfilling over one lakh orders. The brand’s encouraging history is demonstrated by its approval into the Startup India Seed Fund program and a community of 100K followers on Instagram.
Salty is poised to deploy the raised capital to fuel several key initiatives strategically. These include recruiting for critical positions, expanding channels, and fortifying the brand’s digital presence with the release of an App, propelling them towards the ambitious milestone of becoming a 100-crore company in the next few years.
