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Fashion jewellery startup Sukkhi raises $7mn from from Carpediem Capital & Duane Park

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Mumbai-based Online fashion jewellery brand Sukkhi raises $7 mn from private equity funds Carpediem Capital & Duane Park.

30th Oct,2018, RedNewswire/-

Sukkhi, launched by Bhavesh Navlakha in 2012 sells its fashion jewellery in ethnic and contemporary designs both on ecommerce platforms as well as its own portal Sukkhi.com. It has presence on 27 e-commerce marketplaces, including Amazon and Flipkart.

The funds raised will be used to grow Sukkhi as an omnichannel brand to be able to reach last mile customers across India and globally.

As part of the investment, Anurag Bhargava of Duane Park has joined the board as Chairman, and Hithendra Ramachandran of Carpediem Capital has joined as Director.
Sukkhi is a formidable brand in the Fashion Jewellery segment with great designs, superior quality, and a wide range of products. The company has a highly motivated and talented team, led by Bhavesh, and I am excited to join the board as Chairman to shepherd growth in the online channel as well as offline channels, including kiosks, shop-in-shops, and exclusive outlets. The company also contributes positively to women empowerment by providing employment to a large number of slum/rural women, said Anurag Bhargava.
We believe fashion jewellery is poised to grow in leaps and bounds, and Sukkhi will play a key role in building this category, said Ramachandran, managing director at Carpediem.

Radix Capital Advisors was the exclusive financial advisor to the company on the transaction.