| Brand | Cloud Tailor |
| Company Name | Cloud Tailor |
| Founders | Rudra Pratap, Susmitha Lakkakula, Mahesh Patel |
| Original Ask | 1 crore for 1.4% equity at the valuation of 71.43 crores. |
| Deal | No deal made |
Cloud Tailor
About the Product
Cloud tailor is one stop personalised fashion and tailoring platform for women. Be it ethnic, formal, western or casual fashion, they stitch it all.
Cloud tailor offers Offline and online avenues where they provide various services from buying fabric through their marketplace to designer consultations to measurements to final stitching. Expected delivery varies between 1-7 days.
They also provide the service to convert the old designer outfits with life time free alternations.
How it Works:
- Download the app or visit their website
- Upload the designs or consult with the designer
- Buy fabric (if needed)
- Provide the measurement
- Place the order
- Track everything on the app & wait for your customized outfit.
Founders
- Rudra Pratap, Susmitha Lakkakula are husband and wife from Hyderabad.
- Mahesh Patel is their friends from Bengaluru
About the Company:
Cloud tailor is an online & offline platform for tailoring services. They are Leading with the motto of “You dream it, we switch it.” Their aim to expand operations across major 40 Indian cities and 4 International cities where their clientele is already available.
Their prices are quite low and are based on the current market. The company also offers a service to receive the fabric from the customer’s existing store.
Revenue:
The order split is 60% ethnic wears & 40% formal, casual or party wears.
Revenue in June’22 was 16.4 lakhs, in July’22, 24.6 lakhs & in August’22 was 34.8 lakhs. In FY 21-22, the total revenue was 38 lakhs primarily from Hyderabad as it was the only centre. Their return rate is 1.5 – 2%.
They raised below amounts previously:
- Rs. 2.2 crores in Dec, 2021
- Rs. 1.89 crores in March, 2022 at the valuation of 50 crores floor & 80 crores ceiling
- 15 lakhs in March 2022 at the valuation of 10.2 crores
- 3 crores in July 2022 at the valuation of 30 crores
Currently, the company is in negative at cash burn of 45 lakhs in August’22.
Founder’s Ask
1 crore for 1.4% equity at the valuation of 71.43 crores.
Final Deal:
All the sharks opted out for many reasons including the loss that company is bearing.