Forever Modest Shark Tank India Season 2
Forever Modest
At Forever Modest, we think that clothing should be comfortable and fashionable, enabling people to show their individuality and principles. Our goal is to make it easy for people all around the world to discover clothing that suits their needs by providing a large selection of modest fashion options that are both high-quality and reasonably priced.
Founder of Forever Modest
Sana Farheen, an accomplished engineer with a love of design and a mission to elevate modest clothing, launched Forever Modest.
Forever Modest Funding Round
Company Name | Forever Modest |
Shark Tank India Season | 2 |
Episode No | 49 |
Season No | 2 |
Brand | Forever Modest |
Idea | Modest clothes |
Original Ask | 20 Lakhs for 10% Equity |
Deal | 20 Lakhs for 20% Equity |
Invested By: | Namita Thapar, Amit Jain, Vineeta Singh and Anupam Mittal |
Forever Modest's idea centered around providing a diverse range of fashionable and modest clothing options that cater to individuals looking to express their style while adhering to modesty standards. Their collection likely included a variety of apparel such as dresses, tops, skirts, and outerwear designed with modest cuts, lengths, and fabrics without compromising on style or comfort.
The Pitch:
Forever Modest aimed to address the needs of individuals seeking modest yet stylish clothing options. With an original ask of ₹20 Lakhs for a 10% equity stake in their company, they sought investment to expand their product line, enhance their branding, and reach a wider audience of consumers who value modesty in their attire.
The Deal:
Forever Modest secured a deal with multiple investors, including Namita Thapar, Amit Jain, Vineeta Singh, and Anupam Mittal. They agreed to invest ₹20 Lakhs in exchange for a 20% equity stake in the company, effectively doubling the equity offered by Forever Modest in their initial ask. This valuation reflected the investors' confidence in the brand's potential to resonate with its target market and capitalize on the growing demand for modest fashion.
Investors Behind Forever Modest
Namita Thapar, Amit Jain, Vineeta Singh and Anupam Mittal: With the investment from Namita Thapar, Amit Jain, Vineeta Singh, and Anupam Mittal, Forever Modest gained the necessary capital infusion to fuel its growth initiatives. The funding will likely be used to expand their product offerings, enhance their online and offline presence, invest in marketing and advertising campaigns, and strengthen their supply chain and operations to meet the increasing demand for their products.
Conclusion:
Forever Modest's success on Shark Tank underscores the rising popularity and importance of modest fashion in the apparel industry. By offering stylish yet modest clothing options, Forever Modest is well-positioned to tap into a niche market segment and establish itself as a leading brand in the modest fashion space. With the support of their investors, Forever Modest can accelerate its growth trajectory, expand its reach, and continue to innovate and inspire individuals seeking modest yet fashionable clothing choices.