March 24, 2023

Women Fashion

Never be Caught

DaMENSCH forays into offline market; appoints Ashmeer M. Sayyed as chief retail officer, Retail News, ET Retail

 Ashmeer M. Sayyed, Chief Retail Officer, DaMENSCH
Ashmeer M. Sayyed, Main Retail Officer, DaMENSCH

New Delhi: DaMENSCH, a top quality men’s trend model, on Monday forayed into offline retail business, according to a media launch.

In-line with the retail mission, the organization explained it has appointed Ashmeer M. Sayyed as Chief Retail Officer to increase the future phase of the company’s development, spearhead offline revenue and generate strategic partnership endeavours. Prior to joining DaMENSCH, he was with manufacturer Jockey. He served as typical supervisor of retail and headed the international business at Site Industries.

The business has a short while ago lifted USD 16.4 million funding. With this financial commitment, it plans to undertaking into retail suppliers in just this yr and be out there at 10,000 level of sale avenues throughout different formats, by 2024.

Launched by Gaurav Pushkar and Anurag Saboo in 2018, the enterprise stated it has grown about 3 occasions year-on-year in the past three decades. And, it expects to realize annual revenue of Rs 500 crore by FY26.

Gaurav Pushkar, co-founder of the organization stated, “As a D2C manufacturer, we have cracked the formulation of building modern solutions, obtaining buyers proficiently and retaining them efficiently.”

He additional, “Even though we make our presence felt in GT, MT and other significant format outlets this 12 months, we would also be launching exclusive manufacturer stores in near foreseeable future.”

Pushkar further stated, “The initial fifty percent of 2022 has been very sturdy for us in terms of buyer as nicely as investor pursuits. Offline retail room is a promising ecosystem for us to continue the development momentum in the coming times.”