Delhi-based fashion retailer High Street Essentials, which owns women’s fashion brands, FabAlley and Indya has raised Rs 40 crore in a combination of equity and debt from venture debt firm Stride Ventures.

With the latest funding, the fashion house through Indya is foraying into the premium occasion wear category, Indya Luxe. The Luxe range comprises occasion & festive wear, priced between Rs 6,500 and Rs 18,000.
High Street Essentials or HSE founded in 2012 by Shivani Poddar NSE -4.63 % and Tanvi Malik, offers fast fashion through its omnichannel retail model.

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