Fashion Styling & Rental Startup Stage3 Raises Angel Funding

Fashion Styling & Rental Startup Stage3 Raises Angel Funding

Delhi-based Stage3.co, an omni-channel fashion styling & rental platform, has raised an undisclosed amount in angel funding from a cluster of investors including Nisha Kumar, the ex-CFO of Rent the Runway & AOL Inc; Puneet Dalmia of the Dalmia Bharat Group (in his personal capacity); and Balaji Prabhakar, Professor of Computer Science at Stanford University & Chief Scientist at Urban Engines.

Stage3.co has shed out 16% of its equity in this round. The startup will use the raised capital to expand its operations and strengthen its back end technology.

Technolour Dream Pants Pvt Ltd owned Stage3.co is founded by Sabena Puri, Rina Dhaka and Sanchit Baweja. The portal is a next-gen fashion technology rental and styling startup. The company aims at creating an ecosystem of designers, stylists, logistics partners and customer support professionals that are leveraging technology to deliver personalised fashion experiences that can be rented.

The advisory board of Stage 3 has top talent from the fashion and ecommerce sectors, including Anaita Shroff Adjania, Fashion Director of Vogue & stylist to Deepika Padukone; Gautam Kalra, official stylist to Lakme Fashion Week; Arjun Sawhney, co-owner of The Communications Council; and Pearl Uppal, ex-cofounder & CEO of Fashion and You.

Speaking on the development, Sabena Puri, co-founder & CEO of Stage3.co said, “Our members can play dress up with curated, authentic outfits from top designers that have been paired with accessories by our in-house styling team. Our mission is to make higher end outfits accessible to our members and leverage technology to help them choose what would look best on them for different occasions on their social calendar.”

The company allows users to rent a style from leading designers for INR 1000 to INR 10,000 per evening. Users can also keep the garments for up to 8 days.

Startups that have recently raised funding in this space include Bangalore-based Zapyle – raised $1 Mn in seed funding and Mumbai-based Envoged – raised an undisclosed amount of funding among others.


Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Fashion Styling & Rental Startup Stage3 Raises Angel Funding-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Fashion Styling & Rental Startup Stage3 Raises Angel Funding-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Fashion Styling & Rental Startup Stage3 Raises Angel Funding-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Fashion Styling & Rental Startup Stage3 Raises Angel Funding-Inc42 Media
Fashion Styling & Rental Startup Stage3 Raises Angel Funding-Inc42 Media
You’re in Good company