Rare Rabbit Secures Rs 50 Cr Funding From A91 Partners

The House of Rare (Rare Rabbit), an omnichannel fashion retailer, has raised Rs 50 crore (approximately $6 million) from its existing investor, A91 Partners.

Radhamani Textiles, the parent company of Rare Rabbit, raised ₹50 crore by selling 23,073 shares at ₹21,670 each. After the deal, A91 Partners now owns a 14.17% stake in the company, according to the Registrar of Companies (RoC) filings.

In January, the company increased its authorized share capital to raise funds for expansion and working capital, as stated in a separate resolution.

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After this round, A91 Partners' stake grew from 9.65% to 14.17%. According to media reports, the funding was at a flat $279 million valuation for the Bengaluru-based company.

About Rare Rabbit

Rare Rabbit is a premium fashion brand offering designer clothing for both men and women. With over 100 stores across India, the brand also sells its collections online.

Rare Rabbit saw a 69% revenue growth, from ₹376 crore in FY23 to ₹636 crore in FY24. The company’s profits more than doubled, reaching Rs 74.6 crore in FY24, up from Rs 32.2 crore in FY23.

Rare Rabbit competes with brands like Souled Store, Snitch and WROGN.

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