Salty, a fashion jewelry brand, raised Rs 5.4 crore in a recent funding round, backed by Anicut Capital and All in Capital. JK Group, Suashish Diamonds, and additional angel investors are among the other investors. Salty seeks to change the way people think about fashion jewelry and give them access to stylish yet reasonably priced accessories. The money will go toward developing the staff, introducing a new line of products, and achieving a revenue run rate of Rs 40 crore by 2024.
Kanishka Garg, Twishaa Gupta, and Sonal Goel, Co-Founders of Salty, stated that they are happy to align with such experienced consumer space investors. These opportunities highlight the potential of the industry. The company aims to achieve a 40 crore annual revenue run rate by 2024 and expand its design range to over 3000 products.
So far, Salty has fulfilled over a lakh orders, making it one of India's fastest-growing accessory brands. The firm has been approved by the Startup India Seed Fund program due to its evident workforce along with its 100k Instagram followers.
Salty plans to use raised capital for recruitment, by onboarding key positions, channel expansion, and digital presence enhancement by launching their mobile application, aiming to reach 100 crore in the next few years.
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