Aditya Birla Management Corporation Private Ltd.

11/28/2022 | Press release | Distributed by Public on 11/28/2022 02:51

Aditya Birla Group’s ‘House of Brands’ venture TMRW partners with 8 Digital-First Lifestyle Brands

The partnerships are poised to catapult the venture on a path to INR1,500Cr+ annual revenue run-rate over the next 12 months

Bengaluru: TMRW, an Aditya Birla Group venture, today announced partnership with eight digital-first lifestyle brands. These partnerships with the new-age founders have been struck within few months of the launch of the venture. TMRW is on a path to create a leading technology-led digital-first 'House of Brands' business over the next several years. With these eight brands on board, TMRW has achieved a revenue run-rate of INR700Cr+ and is on a path to cross an annual revenue rate of INR1,500Cr+ in the next 12 months.

The investment in these eight D2C brands establishes a strong foundation with a diversified portfolio across several fashion sub-categories. With this portfolio, TMRW has established presence across a broad spectrum of apparel segments ranging from casual wear, kid's wear to western wear. The plan is to expand in related lifestyle categories including beauty & personal care. TMRW's vision is to partner with new-age founders by bringing in strategic, operational & technological capabilities in addition to growth capital. With synergistic investments that will power multiple brands, TMRW will enable blitz scaling and brand building.

TMRW has established a strong D2C portfolio across multiple large and growing sub-categories across these eight brands:

  • Women's Western Wear (Berrylush): Style forward, fast fashion brand for gen-z women
  • Casual & Expressive Wear (Bewakoof): India's largest D2C fashion brand in expressive & casual wear for gen-z/millennials led by various pop culture & fandom trends
  • Women's Casual & Western Wear (Juneberry):
  • Teen's Occasion Wear (Natilene): Western wear brand for teen girls
  • Kid's Wear (Nauti Nati): Premier kid's occasion wear brand for girls & boys
  • Athleisure & Active Wear (Nobero): Youth focused D2C brand for active consumers. Trendy yet minimalistic products for fashion and functionality
  • Casual & Denim Wear (Urbano): Leading denim lifestyle brand offering quality and fashion at affordable price points
  • Casual Wear & Fast Fashion (Veirdo): Fast fashion brand in casual wear and streetwear for young men and women

Speaking about the investment, Ashish Dikshit, Managing Director, Aditya Birla Fashion and Retail Ltd, said, "ABFRL has a distinctive heritage of building marquee fashion & lifestyle brands. By tapping into ABFRL's fashion capabilities and category expertise, TMRW is on the path to replicate the success in the digital first space by building the next generation of memorable brands that will drive India's e-commerce growth."

Prashanth Aluru, CEO and Co-founder, TMRW, said, "We are excited about partnering with these amazing entrepreneurs that are disrupting multiple lifestyle categories. With our investment and deep value-addition, we are confident in scaling existing leading brands to become category leaders as well as be the category creators in several emerging categories. We will also leverage our deep partnerships within the e-commerce & D2C ecosystem to be a force multiplier in the brand's growth journey."

Some of these transactions are subject to customary closing conditions and signing of definitive documents.