Bengaluru, Karnataka – May 4, 2022 – Masterji Online Private Limited which provides tailoring and stitching solutions at home in the Pre-Seed Funding Raised US$1 Million over the span of 2 years from Delhi-based Mohit Goyal Associated in April. This is the First formal Investment round organized by the company.
Diksha Gupta, CEO, Co-founder, Masterji, and Sanskriti Gupta, Co-founder said: “Clothing is the way you represent yourself in the world. Some huge brands & designers have given us amazing designs for dresses and beautiful clothing articles, but there is one major problem in that, the garment is ill-fitting, not in the size because they follow the standard sizes chart, but in India, we have local tailors for alteration & tailoring of new garments in the best fitting possible, but still, the tailoring industry is unorganized, underdeveloped, not easy to communicate & be comfortable with. So, here comes Masterji a platform where customers can manage their tailor, and get stitching services at their doorstep, with custom measurements for specific gender requirements of all age groups.”
The Pre-Seed Funding round saw Mohit Goyal, CA by Profession based in Delhi joining the board of investors as well Chief Financial Officer.
With the current money raised in the pre-seed round, Masterji aims at expanding its base of operations to new locations across India. It is currently operating only in Bengaluru. By expanding the business reach to other metro cities, the company will be hiring a bigger workforce to cater to the needs of the increasing customer flow. The money raised will be used in buying the latest and up-to-date machinery for making the stitching and tailoring work more efficient and productive.
The Start-up aims at using the funds to further market the brand online and offline. The company believes the quality of services will become unmatched in the coming years. The Organisation aims to revolutionize the untapped potential of the tailoring and stitching service and take the unorganized sector to new heights in India.
Masterji will be employing more skilled workers on the payroll and giving training for the latest technology being used to not only improve the per-employee productivity but also improve & spread the brand name across India.
The Startup has a world-class B2B model in place as well. They connect to businesses and provide custom stitching and size correction services for clothes as per requirement on a contractual basis. Users buy clothes online and due to ill fit they end up returning the product but many e-commerce portals have tied hands to provide doorstep stitching and alteration in collaboration with Masterji. This cuts off the losses due to delivery returns because of ill-fitting dresses. Almost 70% of delivery return loss can be reduced by this service.
The platform aims at providing a one-stop solution to fashion enthusiasts. They provide fashion consultancy services along with custom stitching services. A top-class fashion consultant team has been handpicked by the management for customer satisfaction.
In the future, the company aims at expanding the base of operations by adopting the franchise model. Masterji’s core aim is to bring comfortable fashion fitting for you at the reach of your fingers at a reasonable price. The reason for Masterji’s success is going to be The Total Available Market for stitching and tailoring in India of US$ 3.7 billion in 2020 which by 2026 will be increasing to around US$ 9.9 billion almost tripling in its value.
Masterji is going to hold a Fashion Ship event in Goa on the 9th of July 2022. Through this event, the company is giving young and rising fashion designers a platform to showcase their fashion abilities. This show is also a selection round for the designers. Fashion designers will be selected to work with Masterji as a professional fashion consultant for the company.
Founded in 2020, Masterji – India’s custom tailoring brand has a Mission to provide class in style and fashion just at your doorstep. We hire the most talented professionals for stitching garments. Masterji serves as the “All in one” platform to cater to your needs. With over 40 sub-categories to choose from. Be it, Men or Women. We understand everybody’s need to style and fashion themselves.
Masterji employs a team of professionals only after extensive training and interviews. Designed to cater to your needs directly at your doorstep. Reinventing the concept of tailoring. They understand you and your need for customization. So, here is MASTERJI in this app to entertain all your orders and queries. Customizing relations while creating fashion.
An affordable app when it comes to pricing you could not find anywhere else. So, book your seat to ramp up your style.
Masterji – The Perfect Fitting
If you would like more information about this topic, please call +91 9902127313 or email connect@masterji.online .
Media Contact
Company Name: Masterji Online Private Limited
Contact Person: Deepika Rathore
Email: Send Email
Phone: +91 9902127313
City: Bengaluru
State: Karnataka
Country: India
Website: https://masterji.online/